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Petroceltic Intnl (PCI)


Friday 26 February, 2016

Petroceltic Intnl

Statement Regarding Worldview Proposal

RNS Number : 2773Q
Petroceltic International PLC
26 February 2016


26 February 2016

Petroceltic International Plc


Statement Regarding Worldview Proposal


The Board of Petroceltic International plc ("Petroceltic") notes the announcement made earlier today by Sunny Hill Limited, a company wholly owned by the Worldview Economic Recovery Fund, of its firm intention to make an all cash offer for the entire issued and to be issued share capital of Petroceltic other than the Petroceltic Shares in the beneficial control of Worldview International Management Limited SEZC and/or any of the Worldview Funds.

Petroceltic will make a statement in due course. In the meantime, Petroceltic shareholders are urged to take no action.




For further information, please contact:



Petroceltic International plc:

Tel: +353 (1) 421 8300 

Brian O'Cathain

Tom Hickey


Bank of America Merrill Lynch:

Joint Financial Adviser to Petroceltic

Tel: +44 (0) 20 7628 1000 

Ashwin Punde

Geoffrey  Iles


Davy Corporate Finance:

Joint Financial Adviser & Corporate Broker to Petroceltic

Tel: +353 (1) 679 7788 

John Frain

Roland French


Bell Pottinger:

Joint PR Adviser to Petroceltic

Tel: +44 (20)3772 2500 

James Henderson

Rollo Crichton-Stuart


Murray Consultants:

Joint PR Adviser to Petroceltic

Tel: +353 (1) 498 0300 

Joe Heron

Douglas Keatinge



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.

This information is provided by RNS
The company news service from the London Stock Exchange

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