Petroceltic recommends shareholders accept Sunny Hill offer

The company says the offer is the best opportunity for shareholders to realise any value from their holdings

6th April, 2016
Petroceltic chief executive Brian O'Catháin Pic: RollingNews.ie

Petroceltic has recommended that its shareholders accept an offer for the company from Sunny Hill, which is owned by a fund controlled by its majority shareholder,

Worldview.

The exploration group said that given the likely outcome for shareholders on conclusion of the examinership process, to which it is now subject, it is recommending that shareholders accept the offer by April 14. The examinership hearing is due to...

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