Servizi
Paratus: Transactions Made Under Share Buyback Program and Completion of Program
Please find below the transaction overview:
An overview of all transactions made under the Buyback that have been carried out during the above-mentioned time period is attached to this notice and available at www.newsweb.no.
The Buyback commenced on April 2, 2025 , and concluded on May 28, 2025 . During this period, the Company repurchased a total of 1,415,000 shares at an average price of NOK 35.6992 per share, for an aggregate consideration of NOK 50.5 million (approximately $4.8 million ).
This marks a step forward in deploying the Company's broader share repurchase authorization of up to $100 million . Following the completion of the Buyback, the Company have approximately $75 million of remaining capacity under its previously announced share repurchase authorisation.
As of the date of this release, the Company owns a total of 6,815,000 of own shares, corresponding to approximately 4.02% of its issued share capital.
For further information, please contact:
Robert Jensen , CEO
robert.Jensen@paratus-energy.com
+47 958 26 729
Baton Haxhimehmedi, CFO
baton.Haxhimehmedi@paratus-energy.com
+47 406 39 083
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.
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https://news.cision.com/paratus-energy-services-ltd/r/paratus--transactions-made-under-share-buyback-program-and-completion-of-program,c4157513
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