PETROFAC LD — AGM Information 2021

Jun 17, 2021

National Storage Mechanism | Additional information

Petrofac Limited ( PFC)

Petrofac Limited: Result of AGM

17-Jun-2021 / 14:19 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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17 June 2021

PETROFAC LIMITED

(the "Company")

RESULTS OF ANNUAL GENERAL MEETING

Petrofac Limited hereby confirms that in accordance with the arrangements previously announced, the Annual General Meeting of Petrofac Limited was held at 09:30am today.  All valid proxy votes (whether submitted electronically or in hard copy form) were included in the poll taken at the meeting.

The final results of which, for each resolution put to the meeting, were as follows:

No.	Resolution	In Favour / Discretion	%*	Against	%*	Withheld
1	Report and Accounts	178,053,950	99.96%	77,744	0.04%	178,131,694
2	Annual Report on Remuneration	108,939,472	61.10%	69,362,984	38.90%	178,302,456
3	Appoint Sami Iskander as an Executive Director	178,291,314	99.81%	334,252	0.19%	178,625,566
4	Re-appoint René Médori as Chairman	159,627,548	97.74%	3,689,981	2.26%	163,317,529
5	Re-appoint Andrea Abt as a Non-executive Director	178,044,957	99.68%	569,568	0.32%	178,614,525
6	Re-appoint Sara Akbar as a Non-executive Director	178,377,950	99.87%	233,344	0.13%	178,611,294
7	Re-appoint Ayman Asfari as a Non-executive Director	107,792,735	65.99%	55,564,242	34.01%	163,356,977
8	Re-appoint Matthias Bichsel as a Non-executive Director	172,126,974	96.37%	6,489,871	3.63%	178,616,845
9	Re-appoint David Davies as a Non-executive Director	174,844,230	97.89%	3,774,069	2.11%	178,618,299
10	Appoint Francesca Di Carlo as a Non-executive Director	178,419,237	99.89%	191,193	0.11%	178,610,430
11	Re-appoint George Pierson as a Non-executive Director	178,443,318	99.90%	184,517	0.10%	178,627,835
12	Re-appoint Alastair Cochran as an Executive Director	177,575,077	99.63%	651,744	0.37%	178,226,821
13	Re-appoint Ernst & Young as auditors	177,927,656	99.60%	716,157	0.40%	178,643,813
14	Authorise directors to fix the auditors' remuneration	178,481,057	99.91%	169,553	0.09%	178,650,610
15	Approve and adopt the Deferred Bonus Plan	178,071,405	99.90%	179,702	0.10%	178,251,107
16	Approve and adopt the Share Option Plan	176,680,954	98.92%	1,925,149	1.08%	178,606,103
17	Directors' authority to allot shares	177,787,180	99.53%	848,110	0.47%	178,635,290
18	Pre-emption rights	178,358,523	99.85%	275,499	0.15%	178,634,022
19	Additional 5% Pre-emption rights	177,901,991	99.59%	731,097	0.41%	178,633,088
20	Directors' authority to purchase own shares	178,085,823	99.71%	512,386	0.29%	178,598,209
21	Short notice period for general meetings	171,124,050	95.78%	7,536,074	4.22%	178,660,124
22	Approve new Articles of Association	178,521,975	99.94%	98,299	0.06%	178,620,274

* percentage of votes cast excludes withheld votes.

The number of shares in issue at the date of the Meeting was 345,912,747 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 178,684,743 (51.66% of the share register). 

The Board acknowledges the concerns raised with respect to Resolutions 2 and 7, regarding the approval of the 2020 Annual Remuneration Report and the reappointment of Ayman Asfari as a Non-executive Director. The Board and the Remuneration Committee are committed to regular engagement with shareholders in order to ensure that they understand their views and take the full range of shareholders' feedback into consideration.

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 18 to 22 (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 

+44 (0) 207 811 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 9,400 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:	RAG
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.:	112039
EQS News ID:	1209315

End of Announcement	EQS News Service

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