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
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 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
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
www.petrofac.com
