Worldview calls for Petroceltic chief exec Brian O’Cathain to go

first_img More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Show Comments ▼ Worldview calls for Petroceltic chief exec Brian O’Cathain to go Share Capital management firm Worldview has announced it is suing Petroceltic International for breach of corporate governance.Worldview, which is the biggest shareholder in Petroceltic, said yesterday that it had issued legal proceedings against the company in the High Court in London last week.  However, a spokesman for Petroceltic said the company had not received notification of the proceedings and added that it did not know which jurisdiction the claim was being made in. According to Worldview, which is also calling for the immediate resignation of Petroceltic’s chief executive, Brian O’Cathain, the firm breached a corporate governance agreement between the two.  In particular, Worldview has alleged that Petroceltic, and specifically O’Cathain, did not intend to carry out a review of the company which was agreed to on 16 June 2014. Worldview partner and chief executive Angelo Moskov said: “Worldview is very disappointed that Brian O’Cathain and the management have chosen not to honour the company’s agreement with its largest shareholder. We see it as a gross breach of corporate governance. We are withdrawing our support for the CEO and the management team effective immediately and we reserve our right to pursue legal action against other executives and board members.” Petroceltic was recently the subject of speculation concerning a possible offer from Dragon Oil. After Dragon Oil  announced it would not be making an offer, Petroceltic’s share price plunged, by as much as 39 per cent at one point. whatsappcenter_img whatsapp Caitlin Morrison Sunday 7 December 2014 11:20 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksRelated ArticlesThe Best 80 Inch 4k TV For Under $2,000UndoTop 10 Date Night In Movies & Films Of All TimeUndo8 Surprisingly Simple Ways to Keep Your Liver HealthyUndo Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoHero Wars Advertisement This game will keep you up all night! Hero Wars UndoUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorUndoElvenarAdvertisement #StayAtHome and Play this Fantasy Game. No Install.ElvenarUndo Tags: NULLlast_img

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