Petroceltic International PLC Grant of EGM Injunction (4013A)
September 28 2015 - 6:45AM
UK Regulatory
TIDMPCI
RNS Number : 4013A
Petroceltic International PLC
28 September 2015
Dublin
28 September 2015
Petroceltic International Plc
Grant of EGM injunction by the High Court of Ireland
Petroceltic International plc ("Petroceltic" or "the Company"),
the oil and gas exploration, development and production company
focused on the North Africa, Mediterranean and Black Sea regions
welcomes today's ruling from the High Court of Ireland granting an
injunction prohibiting Worldview Capital Management SA
("Worldview") from proceeding with its unlawful attempt to hold an
extraordinary general meeting ("EGM") of Petroceltic shareholders
that had been scheduled for 5(th) October 2015.
As directed by the High Court, the Worldview-convened EGM will
not now proceed.
The Board reiterates that Shareholders should continue to take
no action in relation to the Worldview-convened EGM. In particular,
Shareholders should not sign any document sent by Worldview or its
advisers, including the form of proxy.
Robert Adair, Chairman of Petroceltic commented:
"We are pleased that the court has upheld Petroceltic's
application to prohibit Worldview's attempt to convene a further
EGM and we now look forward to focusing on running the Company to
deliver value for all shareholders.
Petroceltic remains committed to responding to legitimate
concerns raised by any shareholder and furthering the conversation
with all of our shareholders in a constructive manner."
Ends
For further information, please contact:
Brian O' Cathain /Tom Hickey, Petroceltic International Tel: +353 (1) 421 8300
James Henderson / 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 Upstream Oil and Gas
Exploration and Production Company, focused on 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, Italy and Bulgaria.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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