Petroceltic Completes Equity Placing

Wednesday, May 21, 2014

Petroceltic saw the completion of a conditional equity placing to raise gross proceeds of approximately $100 million (£59.7 million) with institutional investors. A circular, containing a notice of the EGM, has been sent to Shareholders outlining the terms of the Placing and seeking the necessary approval of Shareholders to issue the Second Tranche Shares on a non-pre-emptive basis (the “Circular”).

The EGM is convened to be held on June 9, 2014.

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