Petrofac restructuring plan - What it means for retail investors
Petrofac is undertaking a financial restructuring under Part 26A of the UK Companies Act 2006.
As disclosed in the Group’s announcement on 23 December 2024, the restructuring plan includes the settlement and compromise of claims of existing and former shareholders seeking damages in relation to the accuracy of public disclosures under s90A of FSMA 2000.
A settlement fund has been created for affected shareholders as part of this process.
Shareholder representation
As part of the ongoing proceedings for Petrofac’s planned financial restructuring, the Group has appointed specialist, Jon Yorke, to act as an independent representative of retail investors.
Mr Yorke, a restructuring expert, has been appointed to engage with retail investors who held shares between 7 October 2005 and 5 October 2021 on these claims, and the terms of the restructuring plan.
All terms and details of the Convening Hearing for the restructuring taking place at the High Court in London on 20 March 2025, are available to shareholders at https://deals.is.kroll.com/petrofac.
Any shareholder who thinks they may have a claim that is affected by the restructuring plan, is encouraged to contact Mr Yorke, without charge, by emailing ia@pl-plan.co.uk. Doing so will not affect your legal rights.
Who may be eligible?
Shareholders who acquired, held, or sold Petrofac shares between 7 Oct 2005 – 5 Oct 2021 in reliance on public disclosures by Petrofac.
Latest updates – shareholder claims
| Category | Description | Format |
| Press release | Retail shareholder support during the financial restructuring |
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Learn more
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To learn more about our financial restructure, please click the link below.