29 April 2020
Petrofac Limited
(the Company)
Change of venue for the 2020 Annual General Meeting
On 30 March 2020, the Company published its 2020 Notice of Annual General Meeting, a copy of which is available on the Company's website at https://www.petrofac.com/media/5089/11_petrofac_ar19_nom.pdf
In light of the UK Government's 'Stay at Home' measures introduced to deal with the COVID-19 crisis (including the prohibition of, among other things, public gatherings of more than two people), the Company is amending the previously announced arrangements for the 2020 AGM. While the Company confirms it will proceed with the AGM on 15 May 2020 in line with the Notice, the meeting venue will be changed. The Board always welcomes opportunities to engage with shareholders, including through their attendance at the AGM and regrets that this is will not be possible this year.
The following arrangements have been put in place:
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Change of venue: |
The AGM will now be held at Petrofac's corporate office at 117 Jermyn Street, London, SW1Y 6HH. This will allow us to have greater flexibility and control over proceedings, taking into consideration the latest safety advice. The date and time of the meeting remain unchanged as 15 May 2020 at 10.30am. |
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Attendance: |
Shareholders are not permitted to attend the meeting in person. The minimum number of directors and employees of the Company will attend the meeting to ensure that the meeting is quorate. As previously announced, the meeting will be curtailed to the formal business only with no wider corporate presentation. The Company has been advised that attendance by additional shareholders or external advisers will not be "essential for work purposes" and would not be permitted under the 'Stay at Home' Measures. Any person attempting to attend the AGM in person will be refused admission. |
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Proxy voting: |
Shareholders are strongly recommended to submit their proxy votes to the Company's Registrars, Equiniti, as early as possible. Further information on how shareholders can submit proxy votes can be found in the Notice of 2020 Annual General Meeting. Shareholders are also requested to appoint the 'Chairman of the meeting' as their proxy to vote on their behalf. Should a shareholder appoint someone other than the Chairman as their proxy, that proxy will be unable to attend the meeting in person or cast the shareholder's vote.
To be valid, proxy instructions must be received by 10.30am (UK time) on Wednesday 13 May 2020. All valid proxy votes (whether submitted electronically or in hard copy form) to be exercised by the Chairman of the meeting will be included in the poll to be taken at the meeting. The results of the poll votes on the resolutions to be submitted to the meeting will be announced, in the normal way, as soon as practicable after the conclusion of the AGM.
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Questions: |
Shareholders are encouraged to submit any questions relating to the business being dealt with at the AGM in advance of the meeting. Any questions to be posed to the Board, should be submitted to the Chairman via: agmquestions@petrofac.com. The Company will respond to all submitted questions following the AGM. |
The UK Government may change current restrictions or implement further measures relating to the holding of general meetings prior to the 2020 AGM. Any changes to the 2020 AGM (including to the measures outlined above) will be communicated to shareholders before the meeting through the Company's website at www.petrofac.com and, where appropriate, by a further announcement.
Petrofac would like to thank shareholders for their understanding during these challenging times.
For further information contact:
Petrofac Limited
+44 (0) 207 811 4900
LEI: 2138004624W8CKCSJ177
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 six values - safe; ethical; innovative; responsive; quality & cost conscious; driven to deliver - 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 11,500 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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