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Dublin
16 June 2016
Petroceltic International plc
Examinership Process Update and Cancellation of Trading
The Company announces that following approval of the Scheme of Arrangement ('Scheme') by the Court today, the examinership process has now concluded and the Scheme will become effective at 6.00 p.m. on 16 June 2016. Upon the Scheme becoming effective, the existing Share Capital of the Company will be cancelled and the board of Petroceltic will step down.
Cancellation of the Company's Ordinary Shares on AIM and ESM, which have been suspended from trading since 7 March 2016, will become effective at 7.00 a.m. on 17 June 2016. After this time, Petroceltic Ordinary Shares will no longer be admitted to trading on AIM and ESM.
Ends
For further information, please contact:
John Frain / Roland French, Davy Tel: +353 (1) 679 6363
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Petroceltic International Plc
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CODE : PCI.L |
ISIN : IE00BB0QZ876 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Petroceltic International is a and oil exploration company based in Ireland. Petroceltic International holds various exploration projects in Algeria. Its main exploration property is ISARENE in Algeria. Petroceltic International is listed in Germany, in United Kingdom and in United States of America. Its market capitalisation is GBX 749.3 millions as of today (US$ 1.1 billions, € 943.9 millions). Its stock quote reached its lowest recent point on May 09, 2003 at GBX 0.45, and its highest recent level on September 11, 2009 at GBX 9 977.00. Petroceltic International has 214 094 301 shares outstanding. |