Paratus Energy Services Ltd - Contemplated Sale of Shares in Archer Limited
Paratus Energy Services (PLSVF) has announced a potential secondary sale of up to 21,583,826 common shares in Archer Limited (ARCH), representing approximately 23.8% of Archer's outstanding shares. The sale will be conducted through Paratus JU Newco Bermuda Limited, a wholly-owned subsidiary of Paratus.
The final pricing will be determined through a bookbuilding process, and the sale will be conducted alongside Archer's private placement of new common shares. Paratus maintains flexibility to sell fewer shares or withdraw from the sale entirely based on bookbuilding results. Arctic Securities AS, DNB Carnegie, Pareto Securities AS, and SB1 Markets AS are serving as joint bookrunners for the transaction.
["Potential to monetize significant equity position in Archer Limited", "Strategic flexibility to adjust sale size based on market conditions"]Paratus Energy Services (PLSVF) ha annunciato una potenziale vendita secondaria di fino a 21.583.826 azioni ordinarie di Archer Limited (ARCH), pari a circa 23,8% delle azioni in circolazione di Archer. La vendita avverrà tramite Paratus JU Newco Bermuda Limited, una controllata interamente posseduta da Paratus.
Il prezzo finale sarà determinato attraverso un processo di bookbuilding, e la vendita sarà eseguita insieme all'offerta privata di nuove azioni ordinarie di Archer. Paratus mantiene la flessibilità di vendere meno azioni o ritirarsi dall'offerta completamente in base ai risultati del bookbuilding. Arctic Securities AS, DNB Carnegie, Pareto Securities AS e SB1 Markets AS svolgono il ruolo di joint bookrunners per l'operazione.
Potenziale per monetizzare una posizione azionaria significativa in Archer Limited; flessibilità strategica per adeguare la dimensione della vendita alle condizioni di mercato.Paratus Energy Services (PLSVF) ha anunciado una posible venta secundaria de hasta 21,583,826 acciones ordinarias de Archer Limited (ARCH), lo que representa aproximadamente el 23,8% de las acciones en circulación de Archer. La venta se llevará a cabo a través de Paratus JU Newco Bermuda Limited, una subsidiaria totalmente propietaria de Paratus.
El precio final se determinará mediante un proceso de bookbuilding, y la venta se realizará junto con la colocación privada de nuevas acciones comunes de Archer. Paratus mantiene la flexibilidad para vender menos acciones o retirarse por completo de la venta según los resultados del bookbuilding. Arctic Securities AS, DNB Carnegie, Pareto Securities AS y SB1 Markets AS actúan como joint bookrunners de la operación.
Potencial para monetizar una participación accional significativa en Archer Limited; flexibilidad estratégica para ajustar el tamaño de la venta según las condiciones del mercado.Paratus Energy Services (PLSVF)가 Archer Limited (ARCH)의 공통 주식 21,583,826주까지의 잠재적 2차 매도를 발표했으며, 이는 Archer의 발행 주식의 약 23.8%를 차지합니다. 매도는 Paratus의 전액출자 자회사인 Paratus JU Newco Bermuda Limited를 통해 이루어집니다.
최종 가격은 북빌딩 과정을 통해 결정되며 매도는 Archer의 신규 보통주 공모와 함께 진행됩니다. Paratus는 북빌딩 결과에 따라 더 적은 수의 주식을 매도하거나 아예 매도를 철회할 여지를 유지합니다. Arctic Securities AS, DNB Carnegie, Pareto Securities AS, SB1 Markets AS가 공동 북런너로 거래를 주관합니다.
Potencial para monetizar una posición accionaria significativa en Archer Limited; flexibilidad estratégica para ajustar el tamaño de la venta según las condiciones del mercado.Paratus Energy Services (PLSVF) a annoncé une possible vente secondaire allant jusqu'à 21 583 826 actions ordinaires de Archer Limited (ARCH), représentant environ 23,8% des actions en circulation d'Archer. La vente sera effectuée par Paratus JU Newco Bermuda Limited, une filiale entièrement détenue par Paratus.
Le prix final sera déterminé par un processus de tenue de livre, et la vente sera réalisée parallèlement à l'introduction en bourse privée de nouvelles actions ordinaires d'Archer. Paratus reste flexible pour vendre un nombre d'actions moindre ou se retirer complètement de la vente en fonction des résultats du bookbuilding. Arctic Securities AS, DNB Carnegie, Pareto Securities AS et SB1 Markets AS agissent en tant que joint bookrunners pour l'opération.
Potentiel de monétiser une position significative en actions chez Archer Limited; flexibilité stratégique pour ajuster la taille de la vente en fonction des conditions du marché.Paratus Energy Services (PLSVF) hat eine potenzielle Secundärverkauf von bis zu 21.583.826 Stammaktien von Archer Limited (ARCH) angekündigt, was etwa 23,8% der ausstehenden Aktien von Archer entspricht. Der Verkauf erfolgt über Paratus JU Newco Bermuda Limited, eine hundertprozentige Tochtergesellschaft von Paratus.
Der endgültige Preis wird durch einen Bookbuilding-Prozess festgelegt, und der Verkauf erfolgt zusammen mit der privaten Platzierung neuer Stammaktien von Archer. Paratus behält sich vor, je nach Ergebnissen des Bookbuildings weniger Aktien zu verkaufen oder den Verkauf ganz zurückzuziehen. Arctic Securities AS, DNB Carnegie, Pareto Securities AS und SB1 Markets AS fungieren als gemeinsame Bookrunners für die Transaktion.
Potenzial, eine bedeutende Aktienposition in Archer Limited zu monetarisieren; strategische Flexibilität, die Verkaufsgröße basierend auf Marktbedingungen anzupassen.Paratus Energy Services (PLSVF) أعلنت عن احتمال بيع ثانوي يصل إلى 21,583,826 سهماً عائداً من Archer Limited (ARCH)، وهو ما يمثل تقريباً 23.8% من أسهم Archer القائمة. سيتم إجراء البيع من خلال Paratus JU Newco Bermuda Limited، وهي شركة فرعية مملوكة بالكامل لـ Paratus.
سيتم تحديد السعر النهائي من خلال عملية بناء الدفتر، وسيتم البيع إلى جانب عرض Archer الخاص لأسهم عادية جديدة. تحتفظ Paratus بالمرونة في بيع عدد أقل من الأسهم أو الانسحاب تماماً من البيع اعتماداً على نتائج بناء الدفتر. Arctic Securities AS، DNB Carnegie، Pareto Securities AS و SB1 Markets AS يعملون كجهات مشتركة لبناء الدفتر للصفقة.
Potencial pour monetizar una position significative en Archer Limited; مرونة استراتيجية لضبط حجم البيع وفقاً لظروف السوقParatus Energy Services (PLSVF) 已宣布可能对 Archer Limited (ARCH)进行高达 21,583,826股普通股的二级出售，约占 Archer 已发行股本的 23.8%。此次出售将通过 Paratus JU Newco Bermuda Limited（一家 Paratus 全资子公司）进行。
最终定价将通过簿记过程确定，出售将与 Archer 的新普通股私募发行同时进行。Paratus 保留在簿记结果基础上出售较少股票或完全退出出售的灵活性。 Arctic Securities AS、DNB Carnegie、Pareto Securities AS 和 SB1 Markets AS 将担任此次交易的联合簿记承销商。
Potencial pour monetizar une position significative en Archer Limited; 根据市场条件调整出售规模的战略灵活性- None.
- Potential reduction in ownership stake in Archer Limited
- Final sale price subject to bookbuilding process uncertainty
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO
The Secondary Sale consists of up to 21 583 826 common shares in Archer (representing approx.
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.
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.
Advokatfirmaet Schjødt AS is acting as legal advisor to Paratus in connection with the Secondary Sale.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and was published by Baton Haxhimehmedi, CFO of the Company, on the date and time provided herein.
For additional information, 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 Services Ltd. (ticker: PLSV) is an investment holding company of a group of leading energy services companies. The Paratus Group is primarily comprised of its ownership of Fontis Energy and a 50/50 JV interest in Seagems. Fontis Energy is an offshore drilling company with a fleet of five high-specification jack-up rigs in
Important notice
This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities in the Company or Archer. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures.
The securities referred to in this announcement have not been and will not be registered under the
In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State. The "Prospectus Regulation" means Regulation (EU) 2017/1129, as amended (together with any applicable implementing measures) in any Member State.
This communication is only being distributed to and is only directed at persons in the
The issue, subscription or purchase of shares or other financial instruments in the Company is subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company, Archer nor the Managers assume any responsibility in the event there is a violation by any person of such restrictions. The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. Any forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Such assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not make any guarantee that the assumptions underlying any forward-looking statements in this announcement are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this announcement or any obligation to update or revise the statements in this announcement to reflect subsequent events. You should not place undue reliance on any forward-looking statements in this announcement. The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.
This announcement is made by and, and is the responsibility of, the Company. The Managers are acting exclusively for the Company and Archer and no one else and will not be responsible to anyone other than the Company and Archer for providing the protections afforded to their respective clients, or for advice in relation to the contents of this announcement or any of the matters referred to herein. Neither the Managers nor any of their respective affiliates makes any representation as to the accuracy or completeness of this announcement and none of them accepts any responsibility for the contents of this announcement or any matters referred to herein.
This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company. The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. This announcement is an advertisement and is not a prospectus for the purposes of the Prospectus Regulation as implemented in any Member State.
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SOURCE Paratus Energy Services Ltd
FAQ
How many shares is Paratus Energy Services (PLSVF) planning to sell in Archer Limited?
Who are the bookrunners for Paratus Energy's secondary share sale?
Will Paratus Energy definitely sell all 21.5 million shares in Archer Limited?
How will the price be determined for Paratus Energy's share sale in Archer?
Is Paratus Energy's share sale related to Archer Limited's private placement?
