Petroceltic International PLC Examinership Process Update (1359U)
April 05 2016 - 2:00AM
UK Regulatory
TIDMPCI
RNS Number : 1359U
Petroceltic International PLC
05 April 2016
Dublin
5 April 2016
Petroceltic International Plc
Examinership Process Update
On 4 March 2016 Worldview EHS International Master Fund
presented a petition to the High Court of Ireland (the "Court") to
appoint an examiner to Petroceltic International plc, Petroceltic
Investments Limited and Petroceltic Ain Tsila Limited (together the
"Petition Companies") and to admit such companies to the protection
of the Court pursuant to the relevant provisions of the Companies
Act 2014 (the "Petition"). The full hearing of the Petition was
scheduled for 4 April 2016.
The hearing on 4 April was adjourned until Friday, 8 April 2016,
at which point the application for appointment of Michael Mc Ateer
of Grant Thornton as Examiner to the Petition Companies will be
heard in full.
A further update will be provided in due course.
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
The Directors of Petroceltic International plc accept
responsibility for the information contained in this announcement.
To the best of their knowledge and belief (having taken all
reasonable care to ensure that such is the case), the information
contained in this announcement is in accordance with the facts and
does not omit anything likely to affect the import of such
information.
Notes to Editors:
Petroceltic International plc is an upstream oil and gas
exploration and production company, with licences in 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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