Petrofac Limited: RESULTS OF ANNUAL GENERAL MEETING
Petrofac Limited ( PFC)
Petrofac Limited: RESULTS OF ANNUAL GENERAL MEETING
26-May-2022 / 12:56 GMT/BST
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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