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

Paratus Energy Services Ltd. Trade Notification

On December 17, 2024, Paratus Energy Services Ltd. (ticker symbol "PLSV") made a significant announcement regarding a trade executed by a fund managed by Lodbrok Capital LLP. This information comes to light as part of the company's compliance with the legal requirements stipulated in the EU Market Abuse Regulation and the Norwegian Securities Trading Act.

Details of the Trade

Paratus Energy Services Ltd., operating in the energy sector, has been notified of this trade associated with Lodbrok Capital LLP, a company closely linked to board member Joachim Bale. The regulatory framework requires such notifications to ensure transparency and maintain investor trust in market operations. The company disclosed that this trade falls under the mandates of articles 19 of the Regulation EU 596/2014 and section 5-12 of the Norwegian Securities Trading Act, emphasizing their commitment to abiding by international securities laws.

While the specific details regarding the volume of shares traded or the financial implications remain under wraps, this notification underscores the importance of corporate governance and integrity in financial dealings. It is crucial for companies like Paratus Energy to uphold stringent disclosure practices to foster positive relationships with shareholders and regulatory bodies alike.

Insights into Regulatory Compliance

The importance of such notifications cannot be overstated, especially in a market environment where transparency is paramount. Regulatory bodies enforce these requirements to deter insider trading and ensure that all market participants have equal access to information, thereby leveling the playing field. The timely disclosure of significant trades not only complies with legal obligations but also enhances investor confidence in Paratus Energy Services Ltd.

About Paratus Energy Services Ltd.

Paratus Energy Services Ltd. is a prominent player in the energy sector, known for its commitment to sustainable practices and innovation in energy solutions. The company’s strategic initiatives and focus on operational excellence have established it as a leader in the industry. The management, including its board members, aims to ensure that Paratus remains agile and responsive to market demands,

Conclusion

This notification about the recent trade executed by Lodbrok Capital LLP serves as a reminder of the ever-evolving landscape in which publicly-traded companies operate. As Paratus Energy Services Ltd. continues to navigate the complexities of the regulatory environment, its commitment to transparency and ethical governance remains a cornerstone of its operations. Stakeholders are encouraged to monitor further updates as the company progresses through the fiscal year, reflecting on both its challenges and successes in the competitive energy market.

To maintain clarity and ongoing communication, interested parties are urged to reach out to Baton Haxhimehmedi, Chief Financial Officer, for any questions regarding this trade notification. He can be contacted via email at [email protected] or by phone at +47 406 39 083.

Stay tuned for more updates on the financial landscape surrounding Paratus Energy Services Ltd. and other critical developments in the energy sector.