Paratus Energy Services Declares Cash Distribution of USD 0.22 Per Share for Shareholders

Paratus Energy Services Declares Cash Distribution

In a significant move for its shareholders, Paratus Energy Services Ltd. has announced an ex-cash distribution of USD 0.22 per share beginning today, December 3, 2024. This distribution comes as part of the company’s commitment to returning capital to its investors. The cash is expected to be disbursed on or around December 13, 2024, which aligns with the company's policies regarding shareholder value enhancement.

This latest development follows an official announcement made on November 29, 2024, that outlined the key details regarding this capital return. By initiating this distribution, Paratus Energy reinforces its position as a shareholder-friendly organization, eager to reward its investors amidst a competitive market landscape.

About Paratus Energy Services Ltd.

Paratus Energy Services Ltd. is an investment holding company involved with a robust assemblage of prominent energy services firms. The company's portfolio includes significant stakes in Fontis Energy, an offshore drilling entity with a fleet of advanced jack-up rigs operational in Mexico, and a 50/50 joint venture interest in Seagems, a prominent subsea services provider in Brazil.

Fontis Energy operates five high-specification jack-up rigs that are currently contracted, showcasing Paratus’s foothold in the offshore energy sector. Meanwhile, Seagems boasts a fleet of six multi-purpose pipe-laying support vessels, managing important contracts in Brazil, thereby solidifying Paratus's strategic relevance in the global energy supply chain.

In addition to these interests, Paratus serves as the largest shareholder in Archer Ltd., a distinguished global oil services company listed on the Euronext Oslo Børs. This investment further expands Paratus's reach and influence in the increasingly vital energy market.

Through these strategic initiatives, Paratus is not only ensuring its sustained growth but also placing emphasis on shareholder returns, as reflected in the recent cash distribution. The company’s ex-cash distribution is crucial for investors looking to understand how corporate strategies can enhance shareholder value in energetic environments.

Investor Relations

For more information regarding this distribution, investors are encouraged to reach out to Baton Haxhimehmedi, Chief Financial Officer of Paratus Energy Services Ltd. He can be contacted at [email protected] or via phone at +47 406 39 083 for any inquiries related to shareholder affairs and financial performance.

Undoubtedly, Paratus Energy’s proactive return-on-capital strategy exemplifies its ongoing commitment to fostering investor confidence. As the energy sector continues to evolve, such distributions may play a crucial role in attracting and retaining investment in the company’s future.