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27 May 2014 14:52
Dublin
27 May 2014
Petroceltic International Plc
Worldview Announcements
Petroceltic International plc ("Petroceltic" or "the Company"), the upstream oil and gas exploration, development and production company focused on the Middle East and North Africa (MENA), the Mediterranean and the Black Sea regions notes the announcements issued by Worldview Capital Management LLP ("Worldview") in relation to the proposed Placing by the Company to raise $100 million.
The Board of Petroceltic considers the passing of the EGM Resolution and the completion of the Placing to be in the best interests of the Company and its Shareholders as a whole and will continue to seek to engage with Worldview in relation to the matters raised.
The shareholder circular covering the EGM in relation to the proposed Placing is available on the Company's website at http://www.petroceltic.com/. The Board is pleased to note the support for the Placing received from a leading provider of corporate governance solutions and proxy advisory services.
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
Philip Dennis / Rollo Crichton-Stuart, Pelham Bell Pottinger Tel: +44 (20) 7861 391
Joe Murray / 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 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.
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