Petrofac ( (GB:PFC) ) just unveiled an update.
Petrofac Limited has announced the publication of a Circular to Shareholders and Notice of General Meeting related to a Balance Sheet Restructuring and Share Consolidation. This move is part of the company’s strategic efforts to strengthen its financial position and enhance shareholder value. The General Meeting is scheduled for 28 April 2025 in London, where shareholders will discuss and vote on the proposed changes. This restructuring is expected to impact the company’s operations and market positioning, potentially influencing its stakeholders and future growth trajectory.
More about Petrofac
Petrofac is a leading international service provider to the energy industry, specializing in designing, building, managing, and maintaining oil, gas, refining, petrochemicals, and renewable energy infrastructure. The company operates primarily in the Middle East and North Africa (MENA) region and the UK North Sea, with additional markets in India, South East Asia, and the United States. Petrofac is listed on the London Stock Exchange and employs 8,000 people across 31 offices globally.
YTD Price Performance: -31.29%
Average Trading Volume: 2,006,888
Technical Sentiment Signal: Strong Buy
Current Market Cap: £29.78M
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