Petroceltic International PLC Results of EGMs (3378Y)
08 September 2015 - 2:30AM
UK Regulatory
TIDMPCI
RNS Number : 3378Y
Petroceltic International PLC
07 September 2015
Dublin
7 September 2015
Petroceltic International plc
Results of Extraordinary General Meetings
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 two
Extraordinary General Meetings held earlier today as follows:
The first September EGM Resolutions 1 and 2 were special
resolutions requiring 75% of votes to pass; the Board recommended
that shareholders vote for these resolutions. The second September
EGM resolution 1 was an ordinary resolution proposed on behalf of
Worldview Capital Management SA; the board recommended that
shareholders vote against the resolution. The EGMs were not
attended by Worldview or its representatives.
The results were as follows:
VOTES % % VOTES % % VOTES % of VOTES
FOR ISC AGAINST ISC TOTAL ISC WITHHELD
VOTED
------------------------- ----------- ------ ------ ----------- ------ ------ ------------ ------- ----------
First EGM Res 1-
To amend the Memorandum
of Association
of the Company. 90,353,255 58.58 42.20 63,873,137 41.42 29.84 154,226,392 72.04% 1,693
------------------------- ----------- ------ ------ ----------- ------ ------ ------------ ------- ----------
First EGM Res 2-
To adopt revised
Articles of Association
of the Company,
including to limit
existing borrowing
powers delegated
to Directors. 90,130,466 58.44 42.10 64,093,487 41.56 29.94 154,223,953 72.04% 3,967
------------------------- ----------- ------ ------ ----------- ------ ------ ------------ ------- ----------
Second EGM Res
1- To not approve
of any sale or
disposal of any
assets by the Company
or any of its
subsidiaries,
where such assets
would represent
25% or more of
the Company's revenues,
profits or reserves
unless the prior
approval of the
Company's members
in a general meeting
is first obtained. 64,328,098 41.83 30.04 89,440,108 58.17 41.78 153,768,206 71.82% 6,802,834
------------------------- ----------- ------ ------ ----------- ------ ------ ------------ ------- ----------
In summary, none of the resolutions proposed were passed.
Ends
For further information, please contact:
Brian O' Cathain /Tom Hickey, Petroceltic International Tel: +353 (1) 421 8300
Alasdair Robinson, Company Secretary Tel: +44 131 221 3360
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 Oil and Gas
Exploration and Production Company focused on North Africa, the
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 and Italy.
Unless the context otherwise requires, defined terms used in
this announcement shall have the meanings given to them in the
circulars to shareholders of the Company dated 4 August 2015 and 13
August 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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