Response to Petroceltic International EGM
OREANDA-NEWS. Worldview notes the outcome of the Petroceltic shareholder vote on 25th February 2015. Given the request by Worldview to inspect the proxy votes received ahead of the meeting was refused by the Company, the high retail investor turnout and the narrow margin of several resolutions, Worldview now demands to inspect all of the proxies and poll votes. In addition, Worldview also demands that the Chairman confirms whether and how he or the registrars exercised any discretion to accept or reject any votes cast. If this request is refused, Worldview believes that shareholders should have serious concerns about the openness of the process.
Worldview does not support the appointments of Neeve Billis and Nicholas Gay or the continued Board presence of Brian O'Cathain, who we maintain has been the primary architect of the Company's failed strategy.