Hamilton, Bermuda, March 11, 2025 - Reference is made to the announcement by
Paratus Energy Services Ltd. (ticker "PLSV") ("Paratus" or the "Company") on
February 28, 2025, regarding key information relating to the return of capital
to be paid to the Company's shareholders. The shares in Paratus will be traded
ex cash distribution of USD 0.22 per share as from today, 11 March 2025. The
cash distribution will be paid as return of capital on or about 21 March 2025.
The cash distribution has been declared in USD with actual NOK payments per
share to be determined based on the applicable exchange rate at the time of
conversion, to be set as close as practically possible prior to the payment
date. Payment of cash distribution to shareholders holding shares outside the
Euronext Securities Oslo/VPS will be handled manually.
This information is published in accordance with the requirements of the
Continuing Obligations.
For further information, please contact:
Baton Haxhimehmedi, CFO
Baton.Haxhimehmedi@paratus-energy.com
+47 406 39 083
About Paratus
Paratus Energy Services Ltd. (ticker: PLSV) is an investment holding company of
a group of leading energy services companies. The Paratus Group is primarily
comprised of its ownership of Fontis Energy and a 50/50 JV interest in Seagems.
Fontis Energy is an offshore drilling company with a fleet of five high
-specification jack-up rigs working under contracts in Mexico. Seagems is a
leading subsea services company, with a fleet of six multi-purpose pipe-laying
support vessels under contracts in Brazil. In addition, Paratus is the largest
shareholder in Archer Ltd, a global oil services company, listed on the Euronext
Oslo Børs.