Dear client
PETROFAC LIMITED announced proposed the Share Consolidation, Consolidation the 1 Consolidated Share for every 250 Existing Shares and in that proportion for any other number of Existing Shares then held. Resolution 4 is conditional upon the passing of the other Inter-Conditional Resolutions at the General Meeting. It will be effective on from mid-May 2025.
The Company announced progress updates regarding the Balance Sheet Restructuring, including the successful conclusion of the consent solicitation in relation to its existing senior secured notes.
The Company will issue New Shares which, in aggregate, represent approximately 97.8 per cent. of the issued share capital of the Company at the Reference Date. Based on the number of Existing Shares as at the Reference Date, this would require the issuance of approximately 24 billion Shares.
There is a Annual General Meeting on 28 April 2025 to approve the consolidation.
ISIN impacted: GB00B0H2K534
Please see attached Notification for more information.
There is no current shareholders on platform.
Should you have any questions then please click the “Contact Customer Services” button below or contact our helpline on 0845 783 5500, Monday to Friday 9am – 5pm
Kind regards
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