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PETROFAC LD AGM Information 2022
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AGM Information
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National Storage Mechanism | Additional information
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.
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 / Discretion | %* | Against | %* | Withheld |
| 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 |
| 3 | Appoint Afonso Reis e Sousa as an Executive Director | 305,524,335 | 91.88% | 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 Director | 321,559,559 | 97.40% | 8,599,819 | 2.60% | 2,498,981 |
| 7 | Re-appoint Matthias Bichsel as a Non-executive Director | 298,152,180 | 89.66% | 34,381,921 | 10.34% | 124,258 |
| 8 | Re-appoint David Davies as a Non-executive Director | 308,332,160 | 92.72% | 24,205,998 | 7.28% | 120,201 |
| 9 | Appoint Francesca Di Carlo as a Non-executive Director | 308,343,062 | 92.73% | 24,191,693 | 7.27% | 123,604 |
| 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’ remuneration | 310,398,219 | 93.33% | 22,180,625 | 6.67% | 69,700 |
| 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 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 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
| ISIN: | GB00B0H2K534 |
| Category Code: | NOR |
| TIDM: | PFC |
| LEI Code: | 2138004624W8CKCSJ177 |
| Sequence No.: | 164442 |
| EQS News ID: | 1362349 |
| End of Announcement | EQS News Service |