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Share Name Share Symbol Market Type Share ISIN Share Description
Petrofac Limited LSE:PFC London Ordinary Share GB00B0H2K534 ORD USD0.02
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.60 -0.55% 108.80 108.10 108.70 111.10 107.60 111.00 2,117,799 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 2,984.9 -125.1 -39.1 - 566

Petrofac Sentencing Hearing for Bribery Delayed to End of Week

27/09/2021 4:34pm

Dow Jones News


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By Joe Hoppe

 

Petrofac Ltd. said Monday that the sentencing hearing for its plea agreement with the U.K.'s Serious Fraud Office in relation to seven counts of failure to prevent bribery has been delayed until Friday.

The provider of services to the energy industry said that the sentencing at Southwark Crown Court has been delayed due to court scheduling.

The Jersey, U.K.-based company said on Sept. 24 that it would make guilty pleas to seven counts of failing to prevent former Petrofac employees from offering or making payments to agents involved in projects awarded in Iraq, the United Arab Emirates and Saudi Arabia between 2012 and 2015, in violation of the U.K. Bribery Act 2010. The offers or payments were made between 2011 and 2017, it said.

A penalty will be made at the sole discretion of the court.

 

Write to Joe Hoppe at joseph.hoppe@wsj.com

 

(END) Dow Jones Newswires

September 27, 2021 11:19 ET (15:19 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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