Paratus Energy Services Approves Exciting Cash Distribution

Paratus Energy Services Approves Cash Distribution for Shareholders
Paratus Energy Services Ltd., known for its commitment to providing strong returns to shareholders, recently announced a cash distribution targeted for their investors. This decision reflects the company's solid financial performance and strategic planning aimed at maximizing shareholder value. The Board of Directors has supported this initiative, emphasizing transparency and commitment to their shareholders.
Details of the Cash Distribution
The approved dividend is set at USD 0.22 per share, which is also approximately NOK 2.23. This amount further signifies Paratus’s dedication to its shareholders, as the company continues to build upon its robust financial foundations.
Important Dates to Remember
For shareholders, it is crucial to note several key dates associated with this distribution:
- Payment Amount: USD 0.22 per share
- Declared Currency: USD
- Last Day Including Right: September 1, 2025
- Ex-Dividend Date: September 2, 2025
- Record Date: September 3, 2025
- Payment Date: September 16, 2025
- Approval Date: August 25, 2025
Handing Payments for Shareholders
Payments for cash distributions to shareholders who hold shares outside the Euronext Securities Oslo/VPS will be processed manually. Shareholders are advised to keep this in mind when managing their investments.
Paratus Energy Services: A Brief Overview
Paratus Energy Services Ltd. (PLSV) operates as an investment holding company, boasting a portfolio of leading energy service enterprises. Their prominent investments include Fontis Energy, which specializes in offshore drilling with a modern fleet of high-specification jack-up rigs, and a 50/50 joint venture interest in Seagems. The latter is known for its subsea services and its fleet of multi-purpose pipe-laying support vessels. Additionally, Paratus holds a substantial stake in Archer Ltd., a prominent global oil services company.
Recent Market Developments
As the energy sector evolves, Paratus remains keen on exploring further growth opportunities and partnerships that can enhance shareholder value. The strategic direction of the company, combined with their operational strengths, positions them well within the competitive landscape.
Frequently Asked Questions
What is the dividend amount declared by Paratus?
The declared dividend is USD 0.22 per share, reflecting the company's solid financial health.
When will the cash distribution be paid?
The payment date for the cash distribution is set for September 16, 2025.
Are there specific dates shareholders should remember?
Yes, important dates include September 1 as the last day to include the right, September 2 as the ex-dividend date, and September 3 as the record date.
How will payments be handled for shareholders outside Oslo?
Payments for shareholders outside the Euronext Securities Oslo/VPS will be managed manually.
What companies comprise Paratus's portfolio?
Paratus's portfolio includes Fontis Energy, with offshore drilling capabilities, and a joint venture with Seagems, focused on subsea services.
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