Paratus Energy Services Ltd. Results of Offer to Buy Back Own Shares

The bookbuilding period for the Offer closed today, 4 March 2025, at 16:30 hours (CET). The bookbuilding period for the Offer closed today,4 March 2025, at 16:30 hours (CET). Following the expiry of the bookbuilding period, the Company has resolved to buy 5.4 million shares at a price ofNOK 41.5per share, which gives an aggregate purchase price ofNOK 224.1 million(corresponding to approximatelyUSD 20 million ). Notifications of allocation will be sent to shareholders who...

The bookbuilding period for the Offer closed today, 4 March 2025, at 16:30 hours (CET).

Following the expiry of the bookbuilding period, the Company has resolved to buy 5.4 million shares at a price of NOK 41.5 per share, which gives an aggregate purchase price of NOK 224.1 million (corresponding to approximately USD 20 million).

Notifications of allocation will be sent to shareholders who tendered and were allocated sale shares in the Offer on 5 March 2025. The trade date will be 5 March 2025, and the settlement date is expected to be on or about 7 March 2025. The settlement will be conducted on a normal delivery-versus-payment basis (DVP).

As the Offer will settle prior to the ex-date for the USD 0.22 cash distribution (to be paid as return of capital) announced by the Company on 28 February 2025, shareholders participating in the Offer will not be entitled to receive the cash distribution on shares sold.

Following settlement of the Offer, the Company will own 5.4 million shares in the Company.

For further information, please contact:
Robert Jensen, CEO
[email protected]
+47 958 26 729

Baton Haxhimehmedi, CFO
[email protected]
+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.

IMPORTANT NOTICE
The Offer will be carried out in accordance with applicable laws and regulations and information pertaining to the Offer will be disclosed by way of stock exchange notices.

The Offer and the distribution of this announcement and other information in connection with the Offer may be restricted by law in certain jurisdictions (including, but not limited to, the United States, Canada, Australia and Japan). None of the Company or the Manger assume any responsibility in the event there is a violation by any person of such restrictions. This includes shareholders who have changed their domicile to such jurisdictions but which may access their VPS accounts. Persons into whose possession this announcement or relevant information should come are required to inform themselves about and to observe any such restrictions.

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