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    PFC   GB00B0H2K534

PETROFAC LIMITED

(PFC)
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Petrofac : Memorandum of Articles of Association

05/11/2021 | 06:00pm EDT

PETROFAC LIMITED

MEMORANDUM AND ARTICLES OF

ASSOCIATION

[AS APPROVED BY SHAREHOLDERS ON [17] JUNE 2021]

COMPANIES (JERSEY) LAW 1991

COMPANY LIMITED BY SHARES

MEMORANDUM OF ASSOCIATION

of

PETROFAC LIMITED

  1. The name of the Company is Petrofac Limited.
  2. The Company shall have unrestricted corporate capacity.
  3. The Company is a public company.
  4. The Company is a par value company.
  5. The liability of each Member arising from his holding of a Share is limited to the amount (if any) unpaid on it.
  6. The authorised share capital of the Company is 750,000,000 Ordinary Shares of $0.02 each and 750,000,000 B Shares of $0.005 each (each as defined in the Company's articles of association).

LON14595638/8

CONTENTS

Article

Subject

1

Definitions and Interpretation

Share Capital and Share Certificates

2

Share Capital

3

Special Rights Attaching to Classes of Shares

4

Uncertificated Shares

5

Share Certificates

6

Replacement of Certificates

7

Lien

8

Calls on Shares and Forfeiture

9

Untraced Shareholders

9A

The B Shares

Transfers and Transmissions of Shares

10

Transfer of Shares

11

Transmission of Shares

12

Alteration of Share Capital

13

Interests in Shares

General Meetings

14

General Meetings

15

Notice of General Meetings

16

Postponement of General Meetings

17

Proceedings at General Meetings

Voting

18

Voting

19

Votes of Holders

20

Appointment of Proxy

21

Corporations Acting by Representatives

22

Objections to and Error in Voting

23

Amendments to Resolutions

24

Resolutions in Writing

25

Class Meetings

Appointment, Retirement and Removal of Directors

26

Number of Directors

27

Power of the Company to Appoint Directors

28

Power of the Board to Appoint Directors

29

Appointment of Executive Directors

30

Eligibility of New Directors

31

Voting on Resolution for Appointment

32

Retirement by Rotation

LON14595638/8

33

Directors Subject to Retirement

33A

Provisions if insufficient Directors appointed

33B

Provisions for meeting convened under Article 33A

34

Position of Retiring Director

35

Deemed Reappointment

36

Removal by Ordinary Resolution

37

Vacation of Office by Director

38

Alternate Directors

39-49

Directors' Remuneration, Expenses and Pensions

50

Powers and Duties of the Board

51

Powers of the Board

52

Powers of Directors being less than the minimum required number

53

Powers of Executive Directors

54

Delegation to Committees

55

Agents

56

Associate Directors

57

Exercise of Voting Powers

58

Provision for Employees

59

Registers

60

Borrowing Powers

61

Directors' Interests

Proceedings of Directors and Committees

62

Board Meetings

63

Notice of Board Meetings

64

Quorum

65

Chairman of Board

66

Voting

67

Participation by Telephone

68

Resolution in Writing

69

Proceedings of Committees

70

Minutes of Proceedings

71

Validity of Proceedings of Board or Committee

72-75

Secretary and Authentication of Documents

76-78

The Seal

79-8887

Dividends

Accounts and Audits

8988

Keeping and Inspection of Accounts

9089

Accounts to be sent to Members etc.

Notices

9190

Notices to be in Writing or in Electronic Communication

LON14595638/8

9291

Service of Notices and Other Documents on Members

9392

Notice by Advertisement

9493

Evidence of Service

9594

Notice Binding on Transferees etc.

9695

Notice in Case of Entitlement by Transmission

9796

Capitalisation of Profits

9897-10099

Winding Up and Capital Reduction

101100-102101

Destruction of Documents

Indemnity

103102

Right to Indemnification

104103

Right of Claimant to Bring Suit

105104

Insurance

106105

Non-Exclusivity/ Nature and Extent of Indemnification Rights

LON14595638/8

Disclaimer

Petrofac Ltd. published this content on 12 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 May 2021 08:51:00 UTC.


© Publicnow 2021
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