Business
Paratus Energy Services Ltd - Contemplated Sale of Shares in Archer Limited
Reference is made to the stock exchange announcement made by Archer Limited (ticker "ARCH") ("Archer") today regarding a contemplated private placement of new common shares in Archer (the "Archer Private Placement") and a potential secondary offering of existing common shares in Archer by Paratus JU Newco Bermuda Limited, a company wholly owned by Paratus Energy Service Ltd (ticker "PLSV") ("Paratus" or the "Company") (the "Secondary Sale" and jointly together with the Archer Private Placement,
About this update from Paratus Energy Services Ltd.
[{"type":"text","content":"NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.","length":344,"tagName":"p"},{"type":"text","content":"HAMILTON, Bermuda, Sept. 24, 2025 /PRNewswire/ -- Reference is made to the stock exchange announcement made by Archer Limited (ticker "ARCH") ("Archer") today regarding a contemplated private placement of new common shares in Archer (the "Archer Private Placement") and a potential secondary offering of existing common shares in Archer by Paratus JU Newco Bermuda Limited, a company wholly owned by Paratus Energy Service Ltd (ticker "PLSV") ("Paratus" or the "Company") (the "Secondary Sale" and jointly together with the Archer Private Placement, the "Offering").","length":646,"tagName":"p"},{"type":"text","content":"The Secondary Sale consists of up to 21 583 826 common shares in Archer (representing approx. 23.8% of the outstanding shares in Archer) held by Paratus (the "Sale Shares"). The offer price will be determined on the basis of a bookbuilding to be completed in conjunction with the Offering. For further details on the Secondary Offering, please refer to the stock exchange announcement published by Archer today, which is available on ticker "ARCH". ","length":468,"tagName":"p"},{"type":"text","content":"Whether or not the Secondary Sale will be completed and the final number of Sale Shares to be sold, will depend on the outcome of the bookbuilding. Paratus reserves the right to sell fewer shares than the full number of Sale Shares and not to sell any shares at all. The outcome of the Secondary Sale will be announced in conjunction with announcement on completion of the Offering.","length":382,"tagName":"p"},{"type":"text","content":"Advisors Arctic Securities AS, DNB Carnegie, a part of DNB Bank ASA, Pareto Securities AS and SB1 Markets AS are acting as joint bookrunners in connection with the Secondary Sale.","length":180,"tagName":"p"},{"type":"text","content":"Advokatfirmaet Schjødt AS is acting as legal advisor to Paratus in con...