Paratus Continues Share Buyback

Paratus has engaged Arctic Securities AS ("Arctic") to facilitate the Buyback through open market transactions on Euronext Oslo Børs. Arctic will execute trades independently of, and uninfluenced by, Paratus, subject to prior instructions provided by Paratus in the mandate for the Buyback. The final number of shares to be repurchased, if any, will depend on price and number of available shares in the market. Paratus has engaged Arctic Securities AS ("Arctic") to facilitate the Buyback through...

Paratus has engaged Arctic Securities AS ("Arctic") to facilitate the Buyback through open market transactions on Euronext Oslo Børs. Arctic will execute trades independently of, and uninfluenced by, Paratus, subject to prior instructions provided by Paratus in the mandate for the Buyback. The final number of shares to be repurchased, if any, will depend on price and number of available shares in the market.

The purpose of the Buyback is to provide a return of capital to the Company's shareholders. The shares acquired will be in whole or in part be held for treasury or cancelled at the further discretion of the Company's Board. The Buyback will otherwise be structured to comply with the regulation regarding buy-back programmes and stabilisation measures (pursuant to the market abuse regulation (EU Regulation 594/2014).

This information is subject to disclosure pursuant to section 5-12 of the Norwegian Securities Trading Act.

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.

 

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