Petroceltic International PLC Result of EGM (8763F)
February 25 2015 - 9:15AM
UK Regulatory
TIDMPCI
RNS Number : 8763F
Petroceltic International PLC
25 February 2015
Dublin
25 February 2015
Petroceltic International plc
Results of Extraordinary General Meeting
Petroceltic International plc ("Petroceltic" or the "Company"),
the oil and gas exploration, development and production company
announces the results of the resolutions proposed at the
Extraordinary General Meeting held earlier today as follows:
Resolutions 1, 2 and 3 were proposed on behalf of Worldview
Capital Management SA and resolutions 4 and 5 were proposed by
Petroceltic. Votes in respect of approximately 85% of the issued
share capital were cast in respect of each ordinary resolution.
VOTES % VOTES % VOTES VOTES
FOR AGAINST TOTAL WITHHELD
---------------------- ------------ ------ ------------ ------ ------------ ----------
1) That Brian
O'Cathain be
removed as a
Director 71,012,997 38.90 111,548,450 61.10 182,561,447 483,108
---------------------- ------------ ------ ------------ ------ ------------ ----------
2) That Maurice
Dijols be appointed
as a Director 89,691,405 49.08 93,051,773 50.92 182,743,178 236,565
---------------------- ------------ ------ ------------ ------ ------------ ----------
3) That Angelo
Moskov be appointed
as a Director 70,724,190 38.70 112,019,718 61.30 182,743,908 235,835
---------------------- ------------ ------ ------------ ------ ------------ ----------
4) That Nicholas
Gay be appointed
as a Director 111,374,960 60.94 71,373,779 39.06 182,748,739 227,516
---------------------- ------------ ------ ------------ ------ ------------ ----------
5) That Neeve
Billis be appointed
as a Director 91,662,904 50.14 91,143,174 49.86 182,806,078 170,165
---------------------- ------------ ------ ------------ ------ ------------ ----------
In summary, resolutions 1, 2 and 3 were not passed and
resolutions 4 and 5 were passed.
Speaking today Robert Adair, Chairman of Petroceltic said:
'I would like to thank shareholders for the remarkably high
number of votes cast in respect of the resolutions today.
Petroceltic is committed to working with all shareholders in an
open and constructive manner and in the best interests of the
Company and its long term value.'
Ends
For further information, please contact:
Brian O' Cathain /Tom Hickey, Petroceltic International Tel: +353 (1) 421 8300
Philip Dennis / Rollo Crichton-Stuart, Bell Pottinger Tel: +44 (20) 3772 2500
Douglas Keatinge / Joe Heron, Murray Consultants Tel: +353 (1) 498 0300
John Frain / Roland French, Davy Tel: +353 (1) 679 6363
Notes to Editors:
Petroceltic International plc is a leading Oil and Gas
Exploration and Production Company, focused on the Middle East,
North Africa, Mediterranean and Black Sea regions, and listed on
the London Stock Exchange's AIM Market and the Irish Stock
Exchange's ESM Market. The Company has production, exploration and
development assets in Algeria, Egypt, Bulgaria, Romania, the
Kurdistan Region of Iraq, Italy and Greece.
Unless the context otherwise requires, defined terms used in
this announcement shall have the meanings given to them in the
circular to shareholders of the Company dated 28 January 2015, a
copy of which is available on the Company's website at
www.petroceltic.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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