Worldview Capital Management has filed a case with the Irish High Court as it continues to push the Dublin-based explorer for an extraordinary general meeting (EGM) over certain asset disposals, Petroceltic said on Friday.
Cayman Islands-registered Worldview, a 29% shareholder, has persistently attacked business practices at Petroceltic and its alleged “consistent inability to produce sufficient cash flows”.
It failed with earlier legal proceedings against the company lodged in the English High Court but that were dismissed on the grounds that the Irish court system was the proper jurisdiction to rule on the matter of Petroceltic failing, as the shareholder sees it, to undertake a review of its business.
“As
