Level 15, 141 Walker Street
North Sydney NSW 2060 Australia
Telephone: +61 2 8923 6866
www.worley.com
WorleyParsons Limited
ABN 17 096 090 158
16 October 2019
ASX Release
WORLEYPARSONS LIMITED (WORLEY) (ASX: WOR)
Media today
Worley notes the report about Worley in today's edition of the Australian Financial Review.
Worley confirms that it has provided information about its operations to the Foreign Investment Review Board (FIRB), as part of confidential FIRB processes, in the context of possible creeping acquisitions by its largest shareholder, Dar Group (Dar).
Worley also confirms that it has engaged with Dar regarding such further share acquisitions and requests by Dar for Worley Board representation and for a comprehensive business cooperation agreement with Worley.
The Worley Board believes that it is not in shareholders' interests for Dar to further increase its shareholding in Worley by creeping acquisitions or for Worley to enter into a business cooperation agreement with Dar.
In coming to this view, the Worley Board has considered the impact of these matters on stakeholders who are critical to its business, including shareholders, customers, governments, our people and partners.
Worley is the world's largest provider of engineering, project and asset services in the energy, chemicals and resources sectors, and is entrusted with sensitive information and performs a vital role for customers and governments in Australia, the USA and globally on projects and infrastructure that are of a critical nature.
For further information, please contact: | For media enquiries, please contact: |
Mark Trueman | Mark Gell |
Executive Group Director Strategy, Planning and | Partner, Reputation Edge |
Investor Relations | |
Ph: +61 2 8456 7256 | Ph: +61 419 440 533 |
investor.relations@worley.com | mgell@reputationedge.com.au |
www.worley.com |
About Worley:Worley delivers projects, provides expertise in engineering, procurement and construction and offers a wide range of consulting and advisory services. We cover the full lifecycle, from creating new assets to sustaining and enhancing operating assets, in the hydrocarbons, mining, mineral, metals, chemicals, power and infrastructure sectors. Our resources and energy are focused on responding to and meeting the needs of our customers over the long term and thereby creating value for our shareholders.
WorleyParsons Limited is listed on the Australian Securities Exchange (ASX: WOR).
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WorleyParsons Limited published this content on 16 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 October 2019 10:32:07 UTC