Reuters logo
BRIEF-Worldview reiterates lack of support for Petroceltic's management
December 17, 2014 / 4:16 PM / 3 years ago

BRIEF-Worldview reiterates lack of support for Petroceltic's management

Dec 17 (Reuters) - Worldview Capital Management:

* Notes Petroceltic’s latest announcement regarding award of nil-cost options to company’s executive team, including Chief Executive Officer Brian O‘cathain

* Believes awards are wholly inappropriate and calls for an independent investigation into their merit

* Cannot see how these awards can possibly be justified in light of company’s recent track record of failure under management of O‘cathain

* Reiterates its lack of support for Petroceltic’s current management and again calls for O‘cathain to resign

* Insist on a fully independent investigation of these share awards at Petroceltic Source text for Eikon: Further company coverage: (Bengaluru Newsroom; +44 207 542 1810)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below