BRIEF

on Petrofac Limited (isin : GB00B0H2K534)

Petrofac Limited Announces Block Listing of Shares

Petrofac Limited has officially declared its intention to apply for a block listing and admission of 3,324,237 ordinary shares of US$0.02 each to the Financial Conduct Authority and the London Stock Exchange. This move is aimed at facilitating distributions under The Petrofac Performance Share Plan 2014 and The Petrofac Deferred Bonus Plan 2021. The shares, earmarked for the Company’s Employment Benefit Trust, are expected to be admitted to the Official List and become tradeable on the main market of the London Stock Exchange, with the effective date projected as 14 March 2024.

Upon issuance, these New Shares will stand equal in rank with existing shares concerning dividend rights and distributions declared post-Admission. This increase in shares will push the total issued share capital of Petrofac Limited to 525,373,758 shares, with an equivalent amount of voting rights. This key figure is intended to aid shareholders in compliance with the FCA's Disclosure Guidance and Transparency Rules regarding share capital interest notifications. It's noted that Petrofac does not maintain any shares in Treasury at this juncture.

R. H.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved. Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all Petrofac Limited news