LRN (company)

Petrofac Limited: Statement on resolution of SFO investigation

Retrieved on: 
Friday, September 24, 2021

Petrofac Limited (the 'Company' or 'Petrofac') announces that it has reached a plea agreement with the UK Serious Fraud Office (SFO) in relation to its investigation into the Company's historical use of agents.

Key Points: 
  • Petrofac Limited (the 'Company' or 'Petrofac') announces that it has reached a plea agreement with the UK Serious Fraud Office (SFO) in relation to its investigation into the Company's historical use of agents.
  • A sentencing hearing is scheduled to take place at Southwark Crown Court commencing on Monday 27 September 2021.
  • Agents are no longer used other than where required by law and are subject to enhanced audit and additional controls.
  • This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation which came into effect on 3 July 2016.