Key Announcement from Paratus Energy Services Ltd.
Today marks an important update from Paratus Energy Services Ltd. (OSL: PLSV), as their Board of Directors has officially approved a capital return to its valued shareholders. This return of capital is to be drawn from the Company’s Contributed Surplus account, which consists of previously paid share premium. This significant step reflects the Company’s commitment to returning value to its investors.
Details of the Return of Capital
Shareholders should take note of the following essential information regarding the return of capital:
Distribution Overview
The return of capital has been set at USD 0.22 per share. As declared, this distribution will wholly occur in the United States dollar (USD). Here is a summary of key dates and details:
- Return of capital: USD 0.22 per share
- Declared currency: USD
- Last day including right: December 2
- Ex-date: December 3
- Record date: December 4
- Payment date: December 13
- Date of approval: November 28
Payment Details
For shareholders with accounts outside the Euronext Securities Oslo/VPS, the cash distribution will be manually handled. It is important to note that actual payments in NOK (Norwegian Krone) will be calculated based on the relevant exchange rate just prior to the payment date, ensuring a precise conversion for investors.
Company Background
Paratus Energy Services Ltd. is a recognized investment holding company that encompasses a group of prominent energy service firms. Its portfolio primarily includes ownership of Fontis Energy and a joint venture involvement in Seagems. Fontis Energy operates as an offshore drilling entity with a fleet of five high-specification jack-up rigs currently contracted in various regions. On the other hand, Seagems delivers leading subsea services complemented by a fleet of six multi-purpose pipe-laying support vessels also under contract. Additionally, Paratus is a significant shareholder in Archer Ltd., a globally acknowledged oil services organization listed on the Euronext Oslo Børs.
Contact Information
If you require further information regarding this capital return, please reach out to Baton Haxhimehmedi, Chief Financial Officer, at +47 406 39 083. Make sure to stay updated with all communication from Paratus Energy Services Ltd. regarding future endeavors and opportunities.
Frequently Asked Questions
What is the amount of return of capital announced by Paratus?
The return of capital is set at USD 0.22 per share.
When are shareholders expected to receive the payment?
The payment date for the capital return is scheduled for December 13.
Which currency will the capital return be declared in?
The return of capital will be declared in USD.
What should shareholders outside of Euronext Oslo do regarding their payments?
Shareholders outside Euronext Securities Oslo/VPS will have their payments handled manually.
Who should be contacted for more information about the capital return?
Baton Haxhimehmedi, CFO, is available for further queries at +47 406 39 083.
