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LONDON - Petrofac (LON:PFC) Limited, a leading international service provider to the energy industry, has announced that it will hold a series of meetings related to its financial restructuring plan on April 23, 2025. The announcement follows a convening hearing that took place on March 20, 2025, where the English Court directed the organization of 12 meetings with the creditors specified in the Restructuring Plans.
The meetings, seven to be convened by Petrofac Limited and five by Petrofac International UAE LLC, aim to consider and potentially approve the Restructuring Plans laid out by the company. Creditors have been provided with an Explanatory Statement, which includes details on the creditor classes and instructions on how to submit a vote. This document is accessible online, and all creditors are encouraged to review it thoroughly.
In addition to the upcoming Plan Meetings, Petrofac has highlighted the appointment of Jon Yorke as the Advocate for retail investors. Yorke’s role is to consider the views of retail investors who held shares between October 7, 2005, and October 5, 2021, and to report these matters to the Court. Shareholders who believe they may have a claim affected by the Restructuring Plan are encouraged to contact Mr. Yorke, at no cost.
This step is part of Petrofac’s broader efforts to navigate its financial restructuring, as the company continues to serve its diverse client portfolio in the energy sector. With a focus on oil, gas, refining, petrochemicals, and renewable energy infrastructure, Petrofac operates in key markets including the Middle East, North Africa, and the UK North Sea.
Petrofac’s shares are traded on the London Stock Exchange (LON:LSEG) under the ticker symbol PFC. This information is based on a press release statement issued by the company.
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