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LONDON - The Financial Conduct Authority (FCA) has announced the temporary suspension of Petrofac (LON:PFC) Limited’s ordinary shares from the Official List, effective today. The suspension, which commenced at 7:30 AM, was initiated at the request of the company itself.
The affected securities are ordinary shares with the International Securities Identification Number (ISIN) GB00B0H2K534. These shares are categorized as equity shares for commercial companies and were previously admitted to trading on the London Stock Exchange (LON:LSEG), a recognized investment exchange.
The suspension notice, issued by the FCA’s Issuer Management at 020 7066 8352, is routine procedure when a company’s securities are suspended from the Official List. The London Stock Exchange has also been notified, as per standard practice.
No specific reason for the suspension was provided in the FCA’s notice. Investors holding Petrofac’s ordinary shares will be unable to trade them on the London Stock Exchange for the duration of the suspension. The company has not yet released a statement regarding the suspension or indicated when trading might resume.
This development is significant for shareholders and potential investors, as trading suspensions can affect share prices and investor confidence. The information in this article is based on a press release statement from the London Stock Exchange’s RNS news service.
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