Petroceltic International PLC Issue of Legal Proceedings Against Worldview (3070Z)
17 September 2015 - 3:01AM
UK Regulatory
TIDMPCI
RNS Number : 3070Z
Petroceltic International PLC
16 September 2015
Dublin
16 September 2015
Petroceltic International Plc
Issue of legal proceedings against Worldview to prevent unlawful
EGM
SHAREHOLDERS SHOULD CONTINUE TO TAKE NO ACTION UNTIL FURTHER
ADVISED
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
today announces that it has issued proceedings in the High Court of
Ireland against Worldview Capital Management SA and a related party
("Worldview") seeking an injunction to prevent Worldview from
proceeding with its unlawful attempt to hold an extraordinary
general meeting (EGM) of Petroceltic shareholders.
These proceedings follow Worldview's refusal to withdraw its
invalid notice of EGM and/or confirm to shareholders that no action
should be taken concerning the invalid notice of EGM and the
related form of proxy issued by Worldview.
The High Court today fixed Thursday, 24(th) of September for an
expedited hearing of Petroceltic's application for an
injunction.
The Board continues to strongly advise Shareholders to take no
action in relation to the unlawful EGM. In particular, Shareholders
should not sign any document sent by Worldview or its advisers,
including the form of proxy.
Further announcements will be made as appropriate.
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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