23 September 2024

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 23 September 2024 were duly passed by shareholders on a poll.

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

No.	Resolution	In Favour / Discretion	%*	Against	%*	Withheld
1	Report and Accounts	178,710,799	91.89%	15,777,587	8.11%	75,910
2	Annual Report on Remuneration	183,460,120	94.43%	10,819,690	5.57%	284,486
3	Re-appoint Tareq Kawash as an Executive Director	193,069,549	99.47%	1,030,423	0.53%	464,324
4	Re-appoint Afonso Reis e Sousa as an Executive Director	193,060,357	99.46%	1,040,578	0.54%	463,361
5	Re-appoint René Médori as Chairman	182,335,319	93.85%	11,943,317	6.15%	285,660
6	Appoint Aidan de Brunner as an Executive Director	193,281,307	99.51%	958,665	0.49%	324,324
7	Re-appoint Sara Akbar as a Non-executive Director	191,537,034	98.66%	2,601,602	1.34%	425,660
8	Re-appoint Matthias Bichsel as a Non-executive Director	184,887,521	95.17%	9,391,205	4.83%	285,570
9	Re-appoint David Davies as a Non-executive Director	191,553,615	98.60%	2,724,204	1.40%	286,477
10	Re-appoint Ernst & Young as auditors	193,373,352	99.51%	948,183	0.49%	242,761
11	Authorise directors to fix the auditors’ remuneration	193,554,641	99.51%	962,704	0.49%	46,951
12	To approve the 2024 PSP	192,863,565	99.37%	1,214,362	0.63%	471,024
13	To approve the 2024 RSP	193,104,648	99.49%	986,335	0.51%	473,313
14	To renew and approve the SIP	193,077,257	99.48%	1,013,016	0.52%	474,023
15	Agree a temporary increase to Directors fees cap	192,507,545	99.06%	1,829,410	0.94%	227,341
16	Directors’ authority to allot shares	193,133,993	99.29%	1,373,699	0.71%	56,604
17	Pre-emption rights	192,692,442	99.09%	1,778,519	0.91%	93,335
18	Additional 10% Pre-emption rights	192,740,490	99.18%	1,590,597	0.82%	233,209
19	Directors’ authority to purchase own shares	193,518,922	99.48%	1,010,204	0.52%	35,170
20	Short notice period for general meetings	193,455,088	99.45%	1,071,478	0.55%	37,730

                                       

* percentage of votes cast excludes withheld votes.

 

 

 

 

 

The number of shares in issue at the date of the Meeting was 525,373,758 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 194,564,296 (37.03% of the share register). 

 

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 16 to 19 (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.  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 7,950 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