REG-Petrofac Limited Petrofac Limited: FINANCIAL RESTRUCTURE: UPDATE ON COURT PROCESS

PetrofacAnnouncement

03/03/2025 07:15

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   Petrofac Limited ( PFC)
   Petrofac Limited: FINANCIAL RESTRUCTURE: UPDATE ON COURT PROCESS

   03-March-2025 / 07:00 GMT/BST

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   28 February 2025

                                        

                                        

                 FINANCIAL RESTRUCTURE: UPDATE ON COURT PROCESS

    

    

   Further to its release on 24 February 2025, a court hearing for Petrofac’s
   planned financial restructuring  took place today.  The Convening  Hearing
   has adjourned to either  20 or 21 March  2025 and, recognising the  urgent
   but complex nature of the transaction, the court outlined its intention to
   shortly set out an expedited timetable which enables the Sanction  Hearing
   to conclude in mid-April 2025.

    

   The Company will  continue to  update stakeholders as  appropriate and  in
   line with its disclosure obligations, including provision of dates for the
   forthcoming General and Creditor Meetings.
    

   ENDS

    

    

   For further information contact:

   Petrofac Limited

   +44 (0) 207 811 4900

    

   Sophie Reid, Group Director of Communications

    1 Sophie.reid@petrofac.com

    

   Teneo (for Petrofac)

   +44 (0) 207 353 4200

   petrofac@teneo.com

    

    

    

   NOTES TO EDITORS

    

   Petrofac

    

   Petrofac is  a  leading  international  service  provider  to  the  energy
   industry, with a diverse  client portfolio including  many of the  world's
   leading energy companies.

    

   Petrofac designs,  builds,  manages  and  maintains  oil,  gas,  refining,
   petrochemicals and  renewable energy  infrastructure.  Our purpose  is  to
   enable our clients  to meet the  world's evolving energy  needs. Our  four
   values -  driven,  agile,  respectful and  open  -  are at  the  heart  of
   everything we do.

    

   Petrofac's core markets  are in the  Middle East and  North Africa  (MENA)
   region and the UK  North Sea, where  we have built  a long and  successful
   track record of safe, reliable and innovative execution, underpinned by  a
   cost effective and local delivery model with a strong focus on  in-country
   value. We operate in several  other significant markets, including  India,
   South East  Asia and  the United  States. We  have 8,000  employees  based
   across 31 offices globally.

    

   Petrofac is quoted on the London Stock Exchange (symbol: PFC).

    

   For additional information, please refer to the Petrofac website at
    2 www.petrofac.com

    

    

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:          GB00B0H2K534
   Category Code: MSCH
   TIDM:          PFC
   LEI Code:      2138004624W8CKCSJ177
   Sequence No.:  377620
   EQS News ID:   2093707


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:Sophie.reid@petrofac.com
   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=9fe21fdf68d48cc06116e9fe9587a1c8&application_id=2093707&site_id=refinitiv~~~456f380e-074c-434c-ab61-d8ca972fa0de&application_name=news


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