Petrofac Limited: Notification of share pledge (1249935)
18 November 2021 - 1:48AM
UK Regulatory
Petrofac Limited ( PFC) Petrofac Limited: Notification of share
pledge 17-Nov-2021 / 14:47 GMT/BST Dissemination of a Regulatory
Announcement, transmitted by EQS Group. The issuer is solely
responsible for the content of this announcement.
-----------------------------------------------------------------------------------------------------------------------
17 November 2021
Petrofac Limited
(the "Company")
Notification of Share Pledge by PDMR
In accordance with the requirements of Market Abuse Regulation
Article 19, Petrofac announces it was notified today by Ayman
Asfari, a Non-executive Director and PDMR, that he, The Lamia Trust
and The Lam Trust ('Trusts') had entered into security interest
loan agreements to which 21,566,692 shares beneficially owned by Mr
Asfari and the Trusts, which are considered as persons closely
associated with him ('PCAs'), have been pledged under these
security interest loan agreements with EFG Bank Limited and HSBC
Bank Plc respectively. Mr Asfari and his PCAs remain the beneficial
owners of the shares subject to the pledge, and retain full voting
rights.
The Company confirms that there has been no reduction in the
shareholdings of Mr Asfari and his PCAs as a result of this pledge,
and that he and his PCAs continue to be the beneficial owners of
88,947,299 ordinary shares in the Company, representing 17.121% of
the issued share capital of the Company.
The notification below provides further details:
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name: Ayman Asfari
2 Reason for the notification
a) Position/Status: Persons closely associated with Ayman Asfari, Non-executive Director and
PDMR
b) Initial Notification/Amendment: Initial Notification
3 Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction
monitor
a) Name: Petrofac Limited
b) LEI: 2138004624W8CKCSJ177
4. Details of transaction(s); section to be repeated for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where transactions have been conducted.
Description of the financial Ordinary shares of USUSD0.02 each
a) instrument:
GB00B0H2K534
Identification code:
Shares pledged by Ayman Asfari The Lamia Trust and The Lam Trust as
security for any amounts which may become due under a loan facility with
b) Nature of the transaction: EFG Bank Limited and HSBC Bank Plc. Mr Asfari and his PCAs remain
beneficially interested in the same number of Petrofac ordinary shares
following this transaction.
Price(s) Volume(s)
c) Price(s) and volume(s): N/A 21,566,692
21,566,692
Aggregated volume:
d)
Price:
N/A
e) Date of the Transaction: 16 November 2021
f) Place of the Transaction: Outside of a trading venue.
Ends
For further information contact:
Petrofac Limited
+44 (0) 207 811 4900
Jonathan Yarr, Head of Investor Relations
jonathan.yarr@petrofac.com
Alison Flynn, Group Director of Communications and
Sustainability
alison.flynn@petrofac.com
Tulchan Communications Group
+44 (0) 207 353 4200
petrofac@tulchangroup.com
Martin Robinson
petrofac@tulchangroup.com
NOTES TO EDITORS
Petrofac
Petrofac is a leading international service provider to the
energy industry, with a diverse client portfolio including many of
the world's leading energy companies.
Petrofac designs, builds, manages and maintains oil, gas,
refining, petrochemicals and renewable energy infrastructure. Our
purpose is to enable our clients to meet the world's evolving
energy needs. Our four values - driven, agile, respectful and open
- are at the heart of everything we do.
Petrofac's core markets are in the Middle East and North Africa
(MENA) region and the UK North Sea, where we have built a long and
successful track record of safe, reliable and innovative execution,
underpinned by a cost effective and local delivery model with a
strong focus on in-country value. We operate in several other
significant markets, including India, South East Asia and the
United States. We have approximately 8,500 employees based across
31 offices globally.
Petrofac is quoted on the London Stock Exchange (symbol:
PFC).
For additional information, please refer to the Petrofac website
at www.petrofac.com
-----------------------------------------------------------------------------------------------------------------------
ISIN: GB00B0H2K534
Category Code: DSH
TIDM: PFC
LEI Code: 2138004624W8CKCSJ177
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 127088
EQS News ID: 1249935
End of Announcement EQS News Service
=------------------------------------------------------------------------------------
Image link:
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1249935&application_name=news
(END) Dow Jones Newswires
November 17, 2021 09:48 ET (14:48 GMT)
Petrofac (LSE:PFC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Petrofac (LSE:PFC)
Historical Stock Chart
From Apr 2023 to Apr 2024