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Prices & Quotes - UK Markets - Petrofac Ltd. (PFC)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 127.80p
Change Today:
-5.10p
Market Cap:
442.08m
Sector:
Oil Equipment, Services & Distribution

Petrofac says no current employees face charges under SFO probe

By Frank Prenesti

Date: Friday 15 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Petrofac on Friday said no charges have been brought against any group company or current employees after a former senior executive at the oil services firm pleaded guilty to three offences related to $3.3bn of work secured in the United Arab Emirates.
Former executive David Lufkin pleaded guilty to the charges under Britain's Bribery Act at Westminster Magistrates' Court on Thursday, Britain's Serious Fraud Office (SFO) said in a statement.

The charges relate to corrupt offers and payments made between 2012 and 2018 and are in addition to 11 charges of bribery already brought by the SFO, to which Lufkin pleaded guilty in February 2019, it added.

Lufkin pleaded guilty to his role in offering the bribes to influence the award of contracts in Abu Dhabi.

"Total payments of approximately $30 million were made, or were due to be made, by Petrofac to those agents in connection with these contracts," the SFO said.

Petrofac said it would continue to "engage" with the SFO in the ongoing case.

Lufkin, a former global head of sales, pleaded guilty in February 2019 to 11 bribery charges related to corrupt attempts to influence the award of contracts to Petrofac in Iraq and Saudi Arabia worth more than $730m and of $3.5bn respectively.

The case has been committed for sentence to Southwark Crown Court on 11 February 2021, SFO added.

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Petrofac Ltd. Market Data

Currency UK Pounds
Price 127.80p
Change Today -5.10p
52 Week High 233.40p
52 Week Low 91.40p
Volume 4,017,628
Shares Issued 345.91m
Market Cap 442.08m

Performance Indicators

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Operating Margin
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What The Brokers Say

Strong Buy 0
Buy 0
Neutral 10
Sell 0
Strong Sell 0
Total 10
neutral
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Petrofac Ltd. Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Sep-19 25-Apr-19
Paid 18-Oct-19 24-May-19
Amount 12.70¢ 25.30¢

Trades for 16-Apr-2021

Time Volume / Share Price
17:05 23,508 @ 127.80p
16:35 319,729 @ 127.80p
16:29 1,093 @ 128.00p
16:29 1 @ 128.00p
16:29 5,000 @ 127.83p

Petrofac Ltd. Key Personnel

CFO Alastair Cochran