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25 Feb 2015 15:15
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.
VOTESFOR | % | VOTESAGAINST | % | VOTESTOTAL | VOTESWITHHELD | |
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
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