Worldview challenges Petroceltic management shares award scheme

The largest shareholder in Irish exploration firm Petroceltic has called for an investigation into a management share award scheme at the company.

Worldview Capital, which owns 28 per cent of the firm’s share capital, has said that an award structure for management that was announced to the stock exchange last week is a “reward for failure” and has called for an independent investigation into its merit.

The dispute is the latest episode in ...