ABG Sundal Collier acted as Joint Bookrunner in the NOK 791 million private placement in Paratus Energy Services Ltd. and subsequent listing on Euronext Growth

On Monday, 24 June 2024, Paratus Energy Services Ltd. (“Paratus”) announced the successful placement of 15,309,059 new shares at a price of NOK 51.66 per share, raising gross proceeds of approximately NOK 791 million (the “Private Placement”). The offer price implies a market capitalisation of the Company of approximately NOK 8.75 billion.
Paratus is the principal holder of a group of leading energy service companies, including 100 % ownership of Fontis Holdings Ltd. (“Fontis”), its 50% joint venture interest in Seabras Sapura JV Participacoes S.A. and Seabras Sapura Holding GmbH (collectively, “Seabras”), and a 24.2% equity ownership stake in Archer Ltd. (“Archer”).
Paratus has applied for, and will, subject to the necessary approvals from the Oslo Stock Exchange, list its shares on Euronext Growth. The completion of the offering is conditional upon i.a. the Oslo Stock Exchange having approved the Listing. The first day of trading on Euronext Growth is expected to occur on or about 28 June 2024, and the Company will trade under the ticker code PLSV. Paratus intends to pursue an uplisting to the Oslo Stock Exchange.