REG-Petrofac Limited Petrofac Limited: RETAIL SHAREHOLDER SUPPORT DURING THE FINANCIAL RESTRUCTURING

PetrofacAnnouncement

06/03/2025 16:30

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   Petrofac Limited ( PFC)
   Petrofac Limited: RETAIL SHAREHOLDER SUPPORT DURING THE FINANCIAL
   RESTRUCTURING

   06-March-2025 / 16:21 GMT/BST

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   6 March 2025

                                        

                                        

                     RETAIL SHAREHOLDER SUPPORT DURING THE
                            FINANCIAL RESTRUCTURING

    

    

   As part  of  the  ongoing proceedings  for  Petrofac’s  planned  financial
   restructuring, the Group has appointed specialist, Jon Yorke, to act as an
   independent representative of retail investors.

    

   As disclosed  in  the  Group’s  announcement  on  23  December  2024,  the
   restructuring plan includes  the settlement  and compromise  of claims  of
   existing and former shareholders seeking damages under s90A of FSMA 2000.

    

   Mr Yorke, a restructuring expert, has been appointed to engage with retail
   investors who held  shares between 7  October 2005 and  5 October 2021  on
   these claims,  and the  terms of  the restructuring  plan. All  terms  and
   details of the Convening Hearing taking place at the High Court in  London
   on    20    March    2025,    are    available    to    shareholders    at
    1 https://deals.is.kroll.com/petrofac.  

    

   Any shareholder who thinks they may have  a claim that is affected by  the
   restructuring plan, is encouraged to contact Mr Yorke, without charge,  by
   emailing  2 ia@pl-plan.co.uk. Doing so will not affect your legal rights.

    

   ENDS

    

    

   For further information contact:

   Petrofac Limited

   +44 (0) 207 811 4900

    

   Sophie Reid, Group Director of Communications

    3 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
    4 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
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   378251
   EQS News ID:    2096800


    
   End of Announcement EQS News Service

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References

   Visible links
   1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=1d75b3f1ff8c64c559ffd39eec50924a&application_id=2096800&site_id=reuters~~~6aa99418-46f7-48b9-89fd-959a8d2e4912&application_name=news
   2. mailto:ia@pl-plan.co.uk
   3. mailto:Sophie.reid@petrofac.com
   4. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=9fe21fdf68d48cc06116e9fe9587a1c8&application_id=2096800&site_id=reuters~~~6aa99418-46f7-48b9-89fd-959a8d2e4912&application_name=news


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