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 Remuneration 247,418,022 74.41% 85,072,283 25.59% 168,054
Appoint Afonso Reis e Sousa as an Executive 305,524,335 91.88%
3 Director 27,008,029 8.12% 125,995
4 Re-appoint René Médori as Chairman 320,359,301 97.04% 9,775,610 2.96% 2,523,448
5 Re-appoint Sara Akbar as a Non-executive Director 308,304,467 92.71% 24,228,010 7.29% 125,882
6 Re-appoint Ayman Asfari as a Non-executive 321,559,559 97.40% 8,599,819 2.60% 2,498,981
Director
7 Re-appoint Matthias Bichsel as a Non-executive 298,152,180 89.66% 34,381,921 10.34% 124,258
Director
8 Re-appoint David Davies as a Non-executive 308,332,160 92.72% 24,205,998 7.28% 120,201
Director
9 Appoint Francesca Di Carlo as a Non-executive 308,343,062 92.73% 24,191,693 7.27% 123,604
Director
10 Re-appoint Sami Iskander as an Executive Director 305,437,009 91.84% 27,122,778 8.16% 98,572
11 Re-appoint Ernst & Young as auditors 309,973,892 93.22% 22,546,916 6.78% 127,736
12 Authorise directors to fix the auditors' 310,398,219 93.33% 22,180,625 6.67% 69,700
remuneration
13 Directors' authority to allot shares 281,368,736 84.61% 51,163,748 15.39% 116,060
14 Pre-emption rights 281,957,464 84.79% 50,571,381 15.21% 119,699
15 Additional 5% Pre-emption rights 281,479,326 84.65% 51,027,242 15.35% 141,976
16 Directors' authority to purchase own shares 332,023,227 99.84% 521,318 0.16% 103,999
17 Short notice period for general meetings 303,089,364 91.12% 29,537,591 8.88% 21,589
* 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 USUSD0.02 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, 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
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 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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