Key Outcomes from Paratus Energy Services 2025 Annual Meeting in Bermuda

Paratus Energy Services 2025 AGM Results

On May 9th, 2025, Paratus Energy Services Ltd. convened its Annual General Meeting (AGM) at the Hamilton Princess and Beach Club in Hamilton, Bermuda. This meeting proved to be pivotal for shareholders and stakeholders as it included the presentation of crucial financial documents, alongside several key resolutions aimed at ensuring the company's smooth operation in the upcoming year.

During the AGM, shareholders were presented with the audited consolidated financial statements for the year ending December 31, 2024. These documents provided essential insights into the company's performance, financial health, and future strategies, showcasing Paratus's adaptability in the evolving market of energy services.

The attendees were informed that a total of eight resolutions were formally passed, reflecting the company’s commitment to maintaining effective governance and operational efficiency. Notably, one resolution established a cap on the number of Directors to a maximum of eight. This decision was made to streamline the Board’s composition and enhance decision-making processes.

Among other key resolutions, the Board was authorized to address any vacancies that arise throughout the year, giving it the flexibility to appoint new Directors as needed. This ensures that the company's governance structure remains robust as it faces new challenges and opportunities.

In line with these developments, shareholders re-elected existing directors: Mei Mei Chow, James Ayers, Robert Jensen, Joachim Bale, and Mark Mey, whose combined experience and insights are invaluable in guiding Paratus through its next phase of growth. Additionally, Dag Skindlo was elected as a new Director, further enriching the Board’s diversity and expertise.

The AGM also addressed KPMG AS's re-appointment as the company's auditor, underscoring the shareholders' trust in the firm’s capabilities to oversee Paratus’s financial practices thoroughly. The Board was authorized to determine the remuneration of KPMG, ensuring that the auditing process will continue to meet high-quality standards without compromising on fiscal responsibility.

Lastly, the annual remuneration for the Board was capped at a total of $600,000 USD for the year ending December 31, 2025. This decision reflects a balance between compensating the Board fairly while safeguarding shareholder interests and maintaining budgetary discipline.

In conclusion, the AGM served not only as a platform to assess past performance but also to set a directive course for the future, fortifying shareholder confidence in Paratus Energy Services Ltd. With a solid financial backing, skilled leadership, and strategic governance practices, the company is poised for continued success in the energy sector. Robert Jensen, CEO, along with the Board of Directors, expressed their commitment to transparency and collaboration moving forward, inviting shareholders to participate actively in future engagements.

For any further inquiries, stakeholders were encouraged to reach out to the company, solidifying Paratus's dedication to maintaining an open dialogue with its investors and the broader community.