Petrofac Ltd - energy infrastructure company with core markets in the Middle East and North Africa - Defers the publication of its annual results, as a result of planned restructuring now expected to fall after April 30. Its shares will be temporarily suspended from May 1 until its results are published, which is expected "shortly after" the date restructuring becomes effective.
Petrofac's financial restructuring was approved at a convening hearing on Thursday, and a court ordered the convening of creditor meetings. "Details of these meetings will be communicated to the relevant parties in due course," says Petrofac, adding that the sanction hearing will take place between April 30 and May 2.
Current stock price: 6.05 pence, down 1.0% in London on Friday afternoon
12-month change: down 75%
By Emily Parsons, Alliance News reporter
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Petrofac (PFC)
