#Bermuda #Hamilton #Lodbrok Capital #Joachim Bale #Paratus Energy Services

Mandatory Notification of Trade: Paratus Energy Services Ltd.

On December 19, 2024, Paratus Energy Services Ltd., denoted by the ticker "PLSV", communicated a crucial update regarding a trading activity in the company's shares. The notification centers on a transaction executed by a fund managed by Lodbrok Capital LLP, which is closely associated with the company's board member, Joachim Bale. This revelation provides insights into the ongoing dynamics of the company's trading activities and underscores the regulatory transparency required in such transactions.

Regulatory Framework

This notification falls under the disclosure requirements stipulated by Article 19 of Regulation EU 596/2014, commonly referred to as the EU Market Abuse Regulation. Additionally, it complies with section 5-12 of the Norwegian Securities Trading Act, ensuring that the details of such trades are disclosed appropriately to uphold market integrity and investor confidence.

The Importance of Disclosure

Mandatory notifications like this serve as a fundamental aspect of corporate governance and investor relations. They are designed to provide investors with timely and transparent information, thus enabling informed decision-making. In the financial landscape, where trust and integrity are paramount, such disclosures are pivotal to maintaining a fair trading environment.

Background on Paratus Energy Services Ltd.

Paratus Energy Services Ltd. specializes in providing innovative energy solutions and services. With a commitment to operational excellence and strategic growth, the company strives to position itself as a leader in the energy sector. The involvement of recognizable investment entities like Lodbrok Capital LLP reflects the industry's keen interest in Paratus's potential.

Contact Information

For further queries or concerns regarding this notification, interested parties are encouraged to reach out to Baton Haxhimehmedi, the Chief Financial Officer of Paratus Energy Services Ltd. He can be contacted at his email or via phone, with all essential details available in the initial notification release.

Conclusion

In conclusion, this announcement signifies how Paratus Energy Services Ltd. is committed to adhering to regulatory requirements while engaging with its investors transparently. The trade's significance lies not just in the transaction itself, but in the underlying principle of maintaining compliance with market regulations. As the company moves forward, stakeholders would benefit from staying informed about such developments, reflecting the evolving landscape of the energy services industry.