Board member and primary insider of Paratus Energy Services Ltd. (ticker "PLSV") (the "Company"), Mark Anthony Lovell Mey, has been awarded 135,000 share options under the Company's long-term incentive plan. The initial strike price is set at NOK 51.7 per share plus a performance addition of 7.5% compound annual growth in the vesting period. The exercise price shall be adjusted for any distribution on the shares made before the relevant options are exercised. The options will have a five-year term and will vest in three tranches over three years with one-third each tranche. The value of each vesting tranche shall be limited to USD 100,000.
