HAMILTON, Bermuda, April 7, 2025/ PRNewswire/– Recommendation is made to the stock market statement made by Paratus Energy Solutions Ltd. (ticker “PLSV”) (” Paratus” or the “Business”) on April 2, 2025 relating to the initiation of a repurchase of approximately 1,600,000 shares by method of free market deals on the Euronext Oslo Børs (the “Buyback”), pursuant to an arrangement with Arctic Securities AS (” Arctic”). An overall NOK quantity comparable to $ 5 million has actually been reserved for the Buyback.
The Buyback started on April 2, 2025, and will stay in result up until the earlier of; (i) the acquisition of the optimum variety of shares as set above; (ii) the optimum overall factor to consider as set out above has actually been reached; or (iii) April 30, 2025
For the duration from April 2, 2025, to and consisting of April 4, 2025, the Business acquired an overall of 101,000 shares at a typical cost of NOK 38.0662 per share. All deals throughout the duration were performed under the contract with Arctic and make up all deals made by or on behalf of the Business.
Please discover listed below the deal introduction:
|
Deal introduction |
||||
|
Date |
Trading location |
Aggregated day-to-day volume (variety of shares) |
Daily weighted typical share cost (NOK) |
Overall day-to-day deal worth (NOK) |
|
2 April 2025 |
OSE |
34,000 |
39.5231 |
1,343,787 |
|
3 April 2025 |
OSE |
31,000 |
39.0115 |
1,209,355 |
|
4 April 2025 |
OSE |
36,000 |
35.8761 |
1,291,540 |
|
Formerly revealed buyback under the program (collected) |
– |
– |
– |
– |
|
Built up buyback under the program |
OSE |
101,000 |
38.0662 |
3,844,682 |
Following the conclusion of the above deals, the Business owns an overall of 5,501,000 of own shares, representing 3.24% of the Business’s share capital.
An introduction of all deals made under the Buyback that have actually been performed throughout those period is connected to this notification and offered at www.newsweb.no.
For additional details, 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
About Paratus
Paratus Energy Solutions Ltd. PLSV is a financial investment holding business of a group of leading energy services business. The Paratus Group is mainly consisted of its ownership of Fontis Energy and a 50/50 JV interest in Seagems. Fontis Energy is an overseas drilling business with a fleet of 5 high -requirements jack-up rigs working under agreements in Mexico Seagems is a leading subsea services business, with a fleet of 6 multi-purpose pipe-laying assistance vessels under agreements in Brazil In addition, Paratus is the biggest investor in Archer Ltd, a worldwide oil services business, noted on the Euronext Oslo Børs.
This details was given you by Cision http://news.cision.com.
https://news.cision.com/paratus-energy-services-ltd/r/paratus–transactions-made-under-share-buyback-program,c4131610
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SOURCE Paratus Energy Solutions Ltd
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