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    PFC   GB00B0H2K534

PETROFAC LIMITED

(PFC)
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Petrofac Limited: Petrofac management and Board change

05/12/2021 | 02:01am EDT
Petrofac Limited ( PFC) 
Petrofac Limited: Petrofac management and Board change 
12-May-2021 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Petrofac Limited announces that Alastair Cochran, Chief Financial Officer, has advised the Board of his intention to 
leave and take up a new role outside the Group on 1^st September 2021. 
Afonso Reis e Sousa, currently Group Treasurer & Head of Tax, will succeed Alastair and will be formally appointed as 
Chief Financial Officer and Executive Director on the same date following an orderly transition period over the coming 
months. Afonso, who has been with Petrofac for eight years, spent the early part of his career in investment banking, 
focusing on the energy and infrastructure sectors. He has extensive experience at Petrofac in a variety of senior 
finance roles and has most recently led the Company's successful refinancing. 
Sami Iskander, Group Chief Executive, said: "On behalf of the Company and the Board I would like to thank Alastair for 
his tremendous contribution and personal commitment over the last five years, together with his support in recent 
months since my appointment as CEO. Alastair has pioneered our transformation back to a capital-light business and 
leaves Petrofac strongly positioned for efficient and effective execution as markets recover and we rebuild our order 
book. I wish him and his family every success in the future. 
"I am also delighted to have such an excellent successor and partner in Afonso, who knows the business extremely well, 
has been a key member of our finance leadership team, and provides continuity at an important time as we rebalance, 
reshape and rebuild the business. I look forward to working with him in the years ahead." 
Alastair said: "The decision to leave was not an easy one.  I am very proud of everything we have achieved as a team 
during my time with the Group, including the strategic and functional transformations that we have delivered.  I leave 
Petrofac in very capable hands and am delighted to be handing over in the coming months to Afonso, whose skills and 
expertise equip him well to lead Petrofac during the next phase of its evolution.  I wish Afonso, Sami and the entire 
team every success in the future." 
In accordance with Listing Rule 9.6.15 it is confirmed that there are no further details to be disclosed pursuant to 
Listing Rule 9.6.13. 
 
Ends 
For further information contact: 
Petrofac Limited 
+44 (0) 207 811 4900 
Jonathan Yarr, Head of Investor Relations 
jonathan.yarr@petrofac.com 
Tulchan Communications Group 
+44 (0) 207 353 4200 
petrofac@tulchangroup.com 
Martin Robinson 
NOTES TO EDITORS 
Afonso Reis e Sousa's biography 
Afonso joined Petrofac in 2012 as Group Head of Structured Finance and accumulated a portfolio of increasing 
responsibility including Group Treasurer, Head of Tax and Group Head of Enterprise Risk. He has a background in 
investment banking, having begun his career with Deutsche Morgan Grenfell, and has extensive experience in corporate 
and project finance. 
Petrofac 
Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including 
many of the world's leading energy companies. 
Petrofac designs, builds, manages and maintains oil, gas, refining, petrochemicals and renewable energy infrastructure. 
Our purpose is to enable our clients to meet the world's evolving energy needs. Our four values - driven, agile, 
respectful and open - are at the heart of everything we do. 
Petrofac's core markets are in the Middle East and North Africa (MENA) region and the UK North Sea, where we have built 
a long and successful track record of safe, reliable and innovative execution, underpinned by a cost effective and 
local delivery model with a strong focus on in-country value. We operate in several other significant markets, 
including India, South East Asia and the United States. We have 9,400 employees based across 31 offices globally. 
Petrofac is quoted on the London Stock Exchange (symbol: PFC). 
For additional information, please refer to the Petrofac website at www.petrofac.com 
 
=---------------------------------------------------------------------------------------------------------------------- 
ISIN:           GB00B0H2K534 
Category Code:  BOA 
TIDM:           PFC 
LEI Code:       2138004624W8CKCSJ177 
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State 
Sequence No.:   104448 
EQS News ID:    1195492 
 
End of Announcement  EQS News Service 
=------------------------------------------------------------------------------------
 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1195492&application_name=news 
 

(END) Dow Jones Newswires

May 12, 2021 02:00 ET (06:00 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -1.58% 33290.08 Delayed Quote.10.51%
DOW JONES AFRICA TITANS 50 INDEX -0.93% 525.56 Delayed Quote.-0.77%
LONDON BRENT OIL 0.44% 73.22 Delayed Quote.41.20%
LONDON STOCK EXCHANGE GROUP PLC -0.30% 7960 Delayed Quote.-11.57%
PETROFAC LIMITED -2.27% 124.7 Delayed Quote.-9.70%
S&P AFRICA 40 INDEX -1.27% 168.56 Delayed Quote.-2.69%
WTI 0.78% 71.41 Delayed Quote.47.13%
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Financials (USD)
Sales 2021 3 392 M - -
Net income 2021 27,9 M - -
Net Debt 2021 195 M - -
P/E ratio 2021 21,5x
Yield 2021 -
Capitalization 580 M 580 M -
EV / Sales 2021 0,23x
EV / Sales 2022 0,22x
Nbr of Employees 10 645
Free-Float 76,0%
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Technical analysis trends PETROFAC LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Average target price 2,49 $
Last Close Price 1,72 $
Spread / Highest target 302%
Spread / Average Target 44,7%
Spread / Lowest Target -5,41%
EPS Revisions
Managers and Directors
NameTitle
Sami Monir Amin Iskander Chief Executive Officer & Executive Director
Alastair Edward Cochran Chief Financial Officer & Executive Director
René Médori Non-Executive Chairman
Tarek Massoud Chief Compliance Officer
Matthias F. Bichsel Senior Independent Non-Executive Director
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