#Bermuda #Hamilton #Paratus Energy #Capital Return #Shareholder Payment

Paratus Energy Services Declares Cash Distribution for Shareholders

On November 29, 2024, Paratus Energy Services Ltd. (OSL: PLSV) announced an important decision by its Board of Directors. The company will initiate a cash distribution to its shareholders, providing vital details regarding the return of capital that all interested stakeholders should review closely. This cash distribution is set at USD 0.22 per share, reflecting Paratus's ongoing commitment to returning value to its investors.

Key Details of the Distribution

The announcement includes specific dates and details critical for shareholders:

• - Return of Capital: USD 0.22 per share
• - Declared Currency: USD
• - Last Day Including Right: December 2, 2024
• - Ex-Date: December 3, 2024
• - Record Date: December 4, 2024
• - Payment Date: December 13, 2024
• - Date of Approval: November 28, 2024

It is vital to note that the distribution will be processed in USD, with actual payments in Norwegian Krone (NOK) to be finalized based on the applicable exchange rate at the time of the transaction.

Payment Handling

For those shareholders holding shares outside the Euronext Securities Oslo/VPS, manual processing will be facilitated. This step ensures that all shareholders receive their distributions seamlessly, even amidst varying operational landscapes.

Regulatory Compliance

This cash distribution is aligned with the disclosure requirements under section 5-12 of the Norwegian Securities Trading Act, reaffirming Paratus's commitment to transparency and shareholder interests.

Overview of Paratus Energy Services Ltd.

Founded to spearhead advancements in energy services, Paratus Energy Services Ltd. operates as an investment holding company that encompasses leading firms in the energy sector. The company takes pride in its ownership stake in Fontis Energy, known for its offshore drilling operations in Mexico, alongside a 50/50 joint venture with Seagems, a reputable subsea services provider actively operating in Brazil.

Paratus is also recognized as the largest shareholder in Archer Ltd., another powerhouse in global oil services, listed on the Euronext Oslo Børs. This diverse portfolio positions Paratus favorably within the market, showcasing its strategic approach to investments and shareholder value.

Contact Information

For any inquiries regarding this cash distribution, shareholders and interested parties should reach out to:
Baton Haxhimehmedi, CFO
Email: [email protected]
Phone: +47 406 39 083

As Paratus continues to grow and evolve in a competitive energy landscape, the company's commitment to enhancing shareholder wealth remains steadfast. This latest distribution serves as a testament to that commitment and signals a promising future as the company delivers on its promises to its valuable investors.