REG-Petrofac Limited Petrofac Limited: RESULTS OF ANNUAL GENERAL MEETING

PetrofacAnnouncement

26/05/2022 13:00

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   Petrofac Limited ( PFC)
   Petrofac Limited: RESULTS OF ANNUAL GENERAL MEETING

   26-May-2022 / 12:56 GMT/BST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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    26 May 2022

                                        

                                PETROFAC LIMITED

                                (the “Company”)

                                        

                       RESULTS OF ANNUAL GENERAL MEETING

   The Company hereby confirms that all resolutions set out in the Notice of
   Meeting for the Annual General Meeting of Petrofac Limited held on 26 May
   2022 were duly passed by shareholders on a poll.

   The total number of votes cast for each resolution is as follows:

   No. Resolution              In Favour /   %*    Against     %*   Withheld
                               Discretion
   1   Report and Accounts     309,729,180 93.37% 21,996,869  6.63%   932,310
   2   Annual Report on        247,418,022 74.41% 85,072,283 25.59%   168,054
       Remuneration
       Appoint Afonso Reis e   305,524,335 91.88%
   3   Sousa as an Executive                      27,008,029  8.12%   125,995
       Director                                  
   4   Re-appoint René Médori  320,359,301 97.04%  9,775,610  2.96% 2,523,448
       as Chairman
       Re-appoint Sara Akbar
   5   as a Non-executive      308,304,467 92.71% 24,228,010  7.29%   125,882
       Director
       Re-appoint Ayman Asfari
   6   as a Non-executive      321,559,559 97.40%  8,599,819  2.60% 2,498,981
       Director
       Re-appoint Matthias
   7   Bichsel as a            298,152,180 89.66% 34,381,921 10.34%   124,258
       Non-executive Director
       Re-appoint David Davies
   8   as a Non-executive      308,332,160 92.72% 24,205,998  7.28%   120,201
       Director
       Appoint Francesca Di
   9   Carlo as a              308,343,062 92.73% 24,191,693  7.27%   123,604
       Non-executive Director
       Re-appoint Sami
   10  Iskander as an          305,437,009 91.84% 27,122,778  8.16%    98,572
       Executive Director
   11  Re-appoint Ernst &      309,973,892 93.22% 22,546,916  6.78%   127,736
       Young as auditors
       Authorise directors to
   12  fix the auditors’       310,398,219 93.33% 22,180,625  6.67%    69,700
       remuneration
   13  Directors’ authority to 281,368,736 84.61% 51,163,748 15.39%   116,060
       allot shares
   14  Pre-emption rights      281,957,464 84.79% 50,571,381 15.21%   119,699
   15  Additional 5%           281,479,326 84.65% 51,027,242 15.35%   141,976
       Pre-emption rights
   16  Directors’ authority to 332,023,227 99.84%    521,318  0.16%   103,999
       purchase own shares
   17  Short notice period for 303,089,364 91.12% 29,537,591  8.88%    21,589
       general meetings

                                          

   * percentage of votes cast excludes withheld votes.

    

    

   The number of shares in issue at the date of the Meeting was 521,157,442
   ordinary shares of US$0.02 each in the Company (the “Shares”) and each
   Share attracted one vote. Votes 'For' included votes at the discretion of
   the Chairman.  All valid proxy votes and voting instructions (whether
   submitted electronically or in hard copy form) were included in the poll
   taken at the meeting.  The total number of votes cast was 332,658,360
   (63.83% of the share register). 

    

   The Board acknowledges the concerns raised with respect to Resolution 2
   regarding the annual report on remuneration.   The Board and the
   Remuneration Committee are committed to regular engagement with
   shareholders to ensure that they understand their views and take the full
   range of shareholders’ feedback into consideration.   We confirm that
   consultation on remuneration will take place during the course of 2022
   with key stakeholders, with a focus on any required policy changes ahead
   of the AGM to be held in 2023.

    

   The full text of each resolution is contained in the Notice of Annual
   General Meeting, which is available on the Company's
   website,  1 www.petrofac.com.  A copy of the poll results for the AGM will
   also be available on the Company’s website.   In accordance with Listing
   Rule 9.6.2, a copy of Resolutions 14 to 17 (as set out in the Notice of
   Annual General Meeting), will be submitted today to the Financial Conduct
   Authority's national storage mechanism and will shortly be available for
   inspection at  2 https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

    

    

    

   For further information contact:

    

   Petrofac Limited

   020 7811 4900

    

    

   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.

    

   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 8,200 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
    3 www.petrofac.com

    

    

    

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   ISIN:          GB00B0H2K534
   Category Code: NOR
   TIDM:          PFC
   LEI Code:      2138004624W8CKCSJ177
   Sequence No.:  164442
   EQS News ID:   1362349


    
   End of Announcement EQS News Service

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