Result of AGM

RNS Number : 0802N

Petrofac Limited

15 May 2020

 

15 May 2020

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 10:30am today.  Meeting attendance was reduced to the minimum necessary quorum of shareholders, facilitated by the Company.  

As notified to the Market on 6 April 2020, the Board took the decision to rescind its recommendation for a final dividend of 25.3 cents per share. Subsequently resolution 2 (to approve the final dividend) was withdrawn at the AGM.

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	233,781,916	99.96%	87,067	0.04%	308,715
2	Final dividend	Resolution withdrawn
3	Remuneration Policy Report	224,428,003	95.89%	9,624,551	4.11%	125,143
4	Annual Report on Remuneration	229,285,647	97.97%	4,758,396	2.03%	133,655
5	Re-appoint René Médori as Non-executive Chairman	212,584,949	98.94%	2,278,387	1.06%	19,314,362
6	Re-appoint Andrea Abt as a Non-executive Director	233,613,436	99.88%	277,514	0.12%	286,748
7	Re-appoint Sara Akbar as a Non-executive Director	233,619,742	99.88%	284,950	0.12%	273,006
8	Re-appoint Matthias Bichsel as a Non-executive Director	232,082,658	99.23%	1,804,878	0.77%	290,162
9	Re-appoint David Davies as a Non-executive Director	228,237,807	97.58%	5,660,606	2.42%	279,284
10	Appoint Francesca Di Carlo as a Non-executive Director	233,667,684	99.90%	231,529	0.10%	278,485
11	Re-appoint George Pierson as a Non-executive Director	233,728,526	99.90%	237,601	0.10%	211,571
12	Re-appoint Ayman Asfari as an Executive Director	208,289,293	96.00%	8,679,149	4.00%	17,209,255
13	Re-appoint Alastair Cochran as an Executive Director	233,646,740	99.87%	302,833	0.13%	228,125
14	Re-appoint Ernst & Young as auditors	233,598,727	99.86%	338,989	0.14%	239,982
15	Authorise directors to fix the auditors' remuneration	233,876,434	99.96%	97,730	0.04%	203,534
16	Directors' authority to allot shares	232,811,272	99.51%	1,150,157	0.49%	216,269
17	Pre-emption rights	233,774,811	99.92%	181,919	0.08%	220,968
18	Directors' authority to purchase own shares	233,759,070	99.94%	145,207	0.06%	273,421
19	Short notice period for general meetings	229,332,813	97.98%	4,735,535	2.02%	109,350

* 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. The total number of votes cast was 234,177,698(67.7% 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.  Resolutions 17 to 19 were passed as special resolutions. Copies of these resolutions have been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .  

For further information contact:

Petrofac Limited 

[phone]

LEI 2138004624W8CKCSJ177

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 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

 

END

 

 

RAGEAESSFLDEEFA