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

Paratus Energy Services Marks Success in Ongoing Share Buyback Program

Paratus Energy Services Ltd., trading under the ticker PLSV, has recently made significant moves in its share buyback program. The company started repurchasing its shares on April 2, 2025, and has since made notable strides in this initiative. The announcement regarding this was made public through the stock exchange, emphasizing the company’s strong commitment to enhancing shareholder value.

Paratus, based in Hamilton, Bermuda, has set aside a total amount of NOK 5 million (approximately $5 million) for the buyback transactions. The Buyback aims to repurchase up to 1,600,000 shares through open-market transactions on the Euronext Oslo Børs, facilitated by Arctic Securities AS. This buyback program is not only a strategy for financial health but also indicates Paratus’s confidence in its own stock value amidst a dynamic market environment.

The company provided an update on the number of shares acquired between April 28, 2025, and May 2, 2025. During this five-day period, Paratus successfully purchased a total of 176,500 shares. The share acquisition prices varied, with the average price standing at NOK 36.4282 per share. Here’s a brief overview of the transactions during this timeframe:


As of now, the total shares accumulated under this buyback program have reached 757,500, with an average price of NOK 35.9470 per share. This represents a total transaction value of NOK 27,229,880. Following these activities, Paratus owns a total of 6,157,500 shares, which equates to 3.63% of the total share capital. These figures not only represent the company's efforts in boosting its market presence but also reflect its capacity to invest strategically in its future.

Analysts view Paratus's buyback program as a protective mechanism in uncertain financial times. The actions taken by the company help to reduce the supply of shares on the market, which can in turn create upward pressure on the share price, benefiting existing shareholders. Furthermore, one of the standout aspects of the buyback program is its flexibility; transactions may continue until either the maximum number of shares is acquired, the financial cap is reached, or until May 28, 2025, whichever comes first.

In a broader context, Paratus Energy Services Ltd. continues to be an influential player within the energy services sector. The company is primarily engaged in offshore drilling operations through its significant investments in Fontis Energy and a joint venture partnership in Seagems. Fontis operates multiple high-specification jack-up rigs under contracts in Mexico, while Seagems provides critical subsea services, backing its operations in Brazil. Furthermore, Paratus is a major shareholder in Archer Ltd., a global oil services company, listed on the Euronext Oslo Børs. This strategic positioning signifies that Paratus is well-equipped to thrive even as it navigates the complexities of the stock market.

In conclusion, Paratus Energy Services’ proactive approach through its buyback initiative underscores its commitment to creating shareholder value and enhancing market stability. As the market continues to fluctuate, such strategic actions will be crucial in ensuring long-term sustainability and growth for the company. Investors and stakeholders will likely be keeping a close eye on how this program unfolds in the coming weeks.

For further details, please contact Robert Jensen, CEO, or Baton Haxhimehmedi, CFO, for inquiries on this update.