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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Petroceltic | LSE:PCI | London | Ordinary Share | IE00BB0QZ876 | ORD EUR0.3125 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.495 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
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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(END) Dow Jones Newswires
September 07, 2015 12:30 ET (16:30 GMT)
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