on Petrofac Limited (isin : GB00B0H2K534)
Petrofac's Financial Restructuring and 2024 Results Timeline Update
Petrofac Limited has received court approval for the creditor class composition as part of its financial restructuring plan. Following a convening hearing, creditor meetings are set to be organized, and details will be shared. The sanction hearing is scheduled from 30 April to 2 May 2025, with the restructuring likely to take effect shortly after.
Due to the timing of the restructuring, the publication of Petrofac's audited 2024 results will be delayed. The company's shares will face a temporary trading suspension from 1 May 2025 until the results are announced.
A subscription period initiated on 12 March 2025 allows secured creditors to opt for new financial provisions. Retail investors with claims related to the restructuring are advised to contact Jon Yorke, an independent representative, for support.
R. H.
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