REG-Petrofac Limited Petrofac Limited: RESTRUCTURING UPDATE

PetrofacAnnouncement

Yesterday 07:00

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   Petrofac Limited ( PFC)
   Petrofac Limited: RESTRUCTURING UPDATE

   17-Oct-2025 / 07:00 GMT/BST

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   17 October 2025

    

                 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

    

                              RESTRUCTURING UPDATE

    

   Further to  its announcement  on  1 October  2025,  in which  the  Company
   advised  it  was  advancing   more  than  one   route  to  implement   the
   Restructuring, it today confirms that the Restructuring will result in  no
   residual value being retained by existing shareholders.

   The Company  remains  focused  on  completing  the  Restructuring  in  the
   shortest possible time and by the end  of November 2025. It has made  very
   good progress towards  implementation, and expects  to shortly conclude  a
   Lock Up Agreement in respect of the identified implementation route, which
   will support the Group’s operational capability and ongoing delivery.

   The Group expects to share further detail in the coming days.

   ENDS

    

   For further information contact:

   Petrofac Limited

   +44 (0) 207 811 4900

    

   David Boyd

   Investor Relations

    1 david.boyd@petrofac.com

    

   Sophie Reid, Group Director of Communications

    2 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 7,300  employees  based
   across 31 offices globally.

    

   Petrofac is listed on the London Stock Exchange (symbol: PFC) trading in
   Petrofac shares is currently suspended pending publication of the Groups
   Full Year 2024 Audited Accounts.

    

   For additional information, please refer to the Petrofac website at
   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:  MSCU
   TIDM:           PFC
   LEI Code:       2138004624W8CKCSJ177
   OAM Categories: 2.2. Inside information
   Sequence No.:   405369
   EQS News ID:    2214582


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:david.boyd@petrofac.com
   2. mailto:sophie.reid@petrofac.com


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