Petroceltic (LSE:PCI)
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RNS Number : 8763F

Petroceltic International PLC

25 February 2015

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.

 
                            VOTES        %        VOTES        %        VOTES        VOTES 
                             FOR                 AGAINST                TOTAL       WITHHELD 
----------------------  ------------  ------  ------------  ------  ------------  ---------- 
 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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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