#share buyback #Bermuda #Hamilton #Paratus Energy #PLSV

Paratus Energy Services Executes Share Buyback Transactions

Paratus Energy Services Ltd. (ticker: PLSV), headquartered in Hamilton, Bermuda, has announced a successful series of transactions under its share buyback program initiated on April 2, 2025. This program, announced via stock exchange bulletins, aims to purchase up to 1,600,000 shares through open market transactions on the Euronext Oslo Børs. The company has allocated a maximum total consideration of approximately NOK 5 million, roughly equivalent to $5 million, for the entirety of the buyback initiative.

The buyback program commenced with the intention of enhancing shareholder value, and it has already shown promising results. According to their recent reports, from April 28 to May 2, 2025, Paratus successfully acquired a total of 176,500 shares at an average price of NOK 36.4282 per share. These transactions were handled in accordance with the agreement set with Arctic Securities AS, the company’s partner in this buyback program.

Here’s a recap of the transactions made during that period:


As of the latest update, the total buyback under this program has accumulated to 757,500 shares, effectively representing about 3.63% of the company's total share capital. This restructuring is not just purely for financial performance; it's a strategic effort to showcase confidence in Paratus’s future performance and resilience in a competitive energy market.

The buyback will remain effective until either the maximum number of shares is acquired, the total consideration is reached, or until its scheduled expiration on May 28, 2025. Paratus is committed to transparency and regulatory adherence, ensuring timely updates are provided to investors and stakeholders.

Additionally, it’s essential to recognize the broader implications of this buyback program. Paratus Energy Services Ltd. operates as an investment holding company encompassing a group of premier energy services firms, prominently featuring Fontis Energy and a joint venture in Seagems. Fontis Energy specializes in offshore drilling, possessing a fleet of advanced jack-up rigs operating in Mexico, while Seagems excels in providing subsea services in Brazil.

Paratus also stands as a leading shareholder in Archer Ltd, a well-established global oil services entity listed on the Euronext Oslo Børs. This significant position reinforces Paratus’s foothold within the intricate landscape of the energy sector.

For further inquiries or detailed reports, stakeholders can reach out directly to Robert Jensen, CEO, or Baton Haxhimehmedi, CFO, through the provided contact details in the official announcement.

In summary, the proactive measures taken by Paratus Energy Services Ltd. underscore a robust commitment to shareholder value and strategic financial planning. This buyback initiative not only reflects their strong market position but also reinforces poise against potential market fluctuations in the energy industry.