#Bermuda #Hamilton #Paratus Energy #return of capital #shareholder distribution

Overview of Paratus Energy Services

Paratus Energy Services Ltd., listed under the ticker symbol PLSV, has recently approved a cash distribution to its shareholders, a move that has garnered attention in the finance and investment communities. This distribution comes from the Company’s Contributed Surplus account, essential in managing shareholder interests and reinforcing investor confidence.

Key Details of the Cash Distribution

The return of capital is set at USD 0.22 per share. This declaration was made following a board meeting that took place on November 28, 2024. Here are the crucial dates related to this transaction:

• - Last day including right: December 2, 2024
• - Ex-date: December 3, 2024
• - Record date: December 4, 2024
• - Payment date: December 13, 2024

This pays homage to Paratus’s commitment to provide value to its shareholders, especially amid the fluctuating dynamics of the energy sector.

Payment Process and Currency Specifications

The cash distribution will be officially paid in USD. However, actual payments in NOK will be determined based on the exchange rate applicable at the time of conversion, close to the payment date. This highlights Paratus’s attentiveness to ensuring fair financial practices for its shareholders, catering to those who might hold different currencies.

For shareholders who are not participating through Euronext Securities Oslo/VPS, the payments will be processed manually, reflecting the Company’s robust operational logistics and willingness to accommodate its investors.

About Paratus Energy Services Ltd.

Paratus Energy Services Ltd. operates as an investment holding company and is recognized for its strategic interests in notable energy service firms. Two of the prominent entities under the Paratus umbrella are Fontis Energy, known for offshore drilling operations with a fleet of specialized rigs in Mexico, and Seagems, a joint venture focusing on subsea services in Brazil.
The Paratus Group is not just a passive participant in the energy sector; it is positioned as a significant stakeholder in Archer Ltd, which furthers its influence and reach in global oil services.

Significance of the Announcement

This initiative aligns with broader industry trends as companies increasingly look to affirm their financial health and commitment to investor returns. Paratus's decision to distribute capital reinforces its dedication to enhancing shareholder value while navigating the challenges posed by the energy market.

In conclusion, Paratus Energy Services Ltd.'s latest announcement is set to engage stakeholders and reflects a strategic approach to capital management. As the payment date approaches, interest in Paratus’s financial strategies and operational effectiveness will likely remain high, providing a fertile ground for discussions among investors and analysts alike. For further details or queries, interested parties can reach out to the CFO, Baton Haxhimehmedi, for deeper insights into this significant corporate action.