Petrofac Limited Board update (8848D)
February 05 2018 - 1:00AM
UK Regulatory
TIDMPFC
RNS Number : 8848D
Petrofac Limited
05 February 2018
Press Release
5 February 2018
BOARD UPDATE ON UK SERIOUS FRAUD OFFICE INVESTIGATION
The Board of Petrofac Ltd ("Petrofac") today provides an update
on the investigation into the Company by the UK Serious Fraud
Office (SFO), announced on 12 May 2017. The investigation is wide
ranging in time and scope, and relates to the activities of
Petrofac its subsidiaries, and their officers, employees and agents
for suspected bribery, corruption, and/or money laundering.
The Company continues to engage with the SFO. This engagement
has involved and is expected to continue to involve the interview
of Directors of the Company, including the Chairman, Executive
Directors and Non-Executive Directors, as well as employees, either
under Section 2 of the Criminal Justice Act or under caution. In
addition, the Company has provided and will continue to provide
relevant documents to the SFO.
No further comment will be made on the basis that this may
prejudice an ongoing investigation. We also do not anticipate
providing further updates on this matter.
Since the events of last year the Board and management have
worked together to ensure safe and reliable delivery for clients
and secure new orders, whilst at the same time responding as
constructively as possible to the SFO investigation.
Separately, the Company will announce its Full Year results for
the year ending 31 December 2017 on 1 March 2018.
Ends
For further information contact:
Petrofac Limited
+44 (0) 207 811 4900
Jonathan Low, Head of Investor Relations
jonathan.low@petrofac.com
Alison Flynn, Group Head of Communications
alison.flynn@petrofac.com
+44 (0) 207 811 4913
Tulchan Communications Group
+44 (0) 207 353 4200
petrofac@tulchangroup.com
Andrew Grant
Martin Robinson
LEI 2138004624W8CKCSJ177
This announcement contains inside information which is disclosed
in accordance with the Market Abuse Regulation which came into
effect on 3 July 2016
Notes to Editors
Petrofac is a leading international service provider to the oil
& gas production and processing industry, with a diverse client
portfolio including many of the world's leading integrated,
independent and national oil & gas companies. Petrofac is
quoted on the London Stock Exchange (symbol: PFC).
Petrofac designs and builds oil & gas facilities; operates,
maintains and manages facilities and trains personnel; enhances
production; and, where it can leverage its service capability,
develops and co-invests in upstream and infrastructure projects.
Petrofac's range of services meets its clients' needs across the
full life cycle of oil & gas assets.
With around 12,500 employees, Petrofac operates out of seven
strategically located operational centres, in Aberdeen, Sharjah,
Abu Dhabi, Woking, Chennai, Mumbai and Kuala Lumpur and has a
further 24 offices worldwide.
For additional information, please refer to the Petrofac website
at www.petrofac.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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