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Petrofac Limited - 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 Subsequently resolution 2 (to approve the final dividend) was withdrawn at the AGM.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Resolution withdrawn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          

+44 (0) 207 811 4900

 

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

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Petrofac Limited

Price: 168.05

Market: LSE
Market Cap: £581.31 m
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