Petrofac Limited Announces Plan Meetings for Financial Restructuring

Petrofac Limited has scheduled a series of plan meetings as part of its financial restructuring, following a Convening Hearing at the English Court on March 20, 2025. These meetings, aimed at fostering creditor approval of the restructuring plans, are set to take place on April 23, 2025.

Petrofac Limited will hold seven of these meetings, while Petrofac International UAE LLC will conduct five. The meetings will address the restructuring plans and are integral in considering creditor approvals. Detailed information on the meetings, including classes of creditors and voting procedures, is available in the Explanatory Statement for creditors and a Shareholder Explanatory Letter.

Shareholders should note Jon Yorke's appointment as Advocate for retail investors' concerns. Those with potential claims should contact him, ensuring their rights remain unaffected.