#Bermuda #Hamilton #Paratus Energy #Share Options #Mark Mey

Paratus Energy Services Board Member Receives Share Options Grant

In a notable development for Paratus Energy Services Ltd. (ticker: PLSV), board member and primary insider Mark Anthony Lovell Mey has been awarded a significant grant of stock options as part of the company's long-term incentive plan. This decision reflects Paratus's commitment to aligning the interests of its management with those of its shareholders, promoting a culture of performance-driven incentive structures.

Mey has been granted a total of 135,000 share options, designed to motivate and reward executives for achieving key performance metrics. The options have an initial strike price of NOK 51.7 per share, which is competitive within the sector and reflects a strategic approach to value creation. Notably, the options come with a performance addition of 7.5% annual compound growth over the vesting period, indicating that the company rewards not only the grant of options but also the performance associated with the underlying shares.

The options will be available for exercise over a five-year term and will vest in three separate tranches over three years, with a limit on the value of each tranche set at USD 100,000. This structure promotes a phased approach to vesting, ensuring that management remains focused on long-term performance rather than short-term gains.

One significant detail is that the exercise price of the options will be adjusted to account for any dividends distributed before the insider exercises their options. This adjustment ensures that the value of the options is not diluted by shareholder distributions, a savvy move that reflects Paratus's commitment to fair compensation for its insiders.

For context, Paratus Energy Services Ltd. is a leading investment holding company comprising various energy service firms. Its principal subsidiaries include Fontis, an offshore drilling company operating a fleet of five high-specification jack-up rigs in Mexico, and Seagems, a notable subsea services provider with a fleet of six multi-purpose pipe-laying support vessels in Brazil. These operations underline the company's substantial footprint in the oil and energy sector and its ambitions for growth and expansion.

Paratus is also the largest shareholder in Archer Ltd., a global oil services company listed on the Oslo Stock Exchange, further establishing its significance in the energy landscape.

This recent option grant was duly reported, adhering to the disclosure requirements mandated by both Article 19 of the EU Regulation 596/2014 (the EU Market Abuse Regulation) and Section 5-12 of the Norwegian Securities Trading Act. These regulations ensure transparency and accountability for actions taken by insiders in publicly listed companies.

As the energy sector continues to evolve and adapt to various market forces, Paratus Energy Services is well-positioned to leverage its strategic holdings and management expertise to navigate the changing landscape. This stock option grant adds a layer of motivation among board members and reinforces the company's dedication to long-term performance and shareholder value creation.

For investors and stakeholders, this development signifies a proactive step towards ensuring sustained growth and operational excellence within Paratus. With leaders like Mark Anthony Lovell Mey at the helm, focus will undoubtedly be on delivering results that align with the company's strategic objectives.