Further to its announcement on 1 October 2025, in which the Company advised it was advancing more than one route to implement the Restructuring, it today confirms that the Restructuring will result in no residual value being retained by existing shareholders.
The Company remains focused on completing the Restructuring in the shortest possible time and by the end of November 2025. It has made very good progress towards implementation, and expects to shortly conclude a Lock Up Agreement in respect of the identified implementation route, which will support the Group’s operational capability and ongoing delivery.
The Group expects to share further detail in the coming days.
Source: Petrofac
