Petrofac Limited: Annual General Meeting Outcomes

Petrofac Limited announced that all resolutions in the Notice of Meeting for the Annual General Meeting held on 23 September 2024 were duly passed by shareholders via a poll. Highlights include the re-appointment of key directors and the approval of remuneration policies.

The resolution to accept the Report and Accounts saw a 91.89% approval rate. The Annual Report on Remuneration was approved with 94.43% of votes in favor. Tareq Kawash and Afonso Reis e Sousa were re-appointed as Executive Directors with over 99% approval.

René Médori was re-appointed as Chairman with 93.85% of the vote. A new Executive Director, Aidan de Brunner, was appointed with 99.51% approval. Non-executive Directors Sara Akbar, Matthias Bichsel, and David Davies were re-appointed with strong support.

Ernst & Young were re-appointed as auditors with 99.51% of votes in favor. Other key resolutions, including the approval of the 2024 Performance Share Plans and the renewal of the Share Incentive Plan, were passed with significant majority.