Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Petrofac Limited: COURT OF APPEAL UPHOLDS APPEAL AGAINST RESTRUCTURING PLAN

1st Jul 2025 11:00

Petrofac Limited ( PFC) Petrofac Limited: COURT OF APPEAL UPHOLDS APPEAL AGAINST RESTRUCTURING PLAN 01-Jul-2025 / 10:59 GMT/BST


 

TUESDAY 1 JULY, 1000 UK TIME

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

COURT OF APPEAL UPHOLDS APPEAL AGAINST RESTRUCTURING PLAN

The Court of Appeal has today upheld an appeal, brought by certain creditors connected with the Thai Oil project, against the Order of the High Court which sanctioned the Restructuring Plans of Petrofac Limited and Petrofac International (UAE) LLC.

The appeal was upheld on narrow grounds associated with the terms of the New Money financing and the evidence provided in support of it, that had previously been accepted by the High Court. All other grounds of appeal were unsuccessful.

The Company is carefully studying the detailed judgment, which was made available to it this morning, and will discuss with key stakeholders the implications of the judgment and potential routes forward.

The Company will provide further updates in due course.

 

ENDS


Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
ISIN:GB00B0H2K534
Category Code:MSCU
TIDM: PFC
LEI Code:2138004624W8CKCSJ177
Sequence No.:394517
EQS News ID:2163284
 
End of AnnouncementEQS News Service

UK Regulatory announcement transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.


Related Shares:

Petrofac
FTSE 100 Latest
Value8,823.20
Change48.51