Reabold Resources plc said it had received further shareholder acceptances, now reaching 5.7%, as at 26 August 2026 in support of its £6.14 million offer for Union Jack Oil plc. The total represents 8,352,272 Union Jack shares, which at the end of July had 146,565,896 shares in issue. Reabold’s offer remains open until the unconditional […]
Tag: Craig Howie
Union Jack £6.14m sale draws more objections
Union Jack Oil plc’s proposed £6.14 million sale to investor Reabold Resources plc has received further objections from some of its shareholders. GENERAL MEETING The exploration and production company warned that, unless it met its financial obligations, it could lose assets if the transaction fails to complete. On 3 August, Reabold received a letter of […]
Union Jack sets date for requisitioned meeting
Union Jack Oil plc has set the date for a requisitioned general meeting for its shareholders’ vote on the directors’ future and the company’s £6.14 million sale to Reabold Resources plc. MISGUIDED The company initially deferred the general meeting on 26 June 2026 while the offer talks continued and, following a requisition notice on 7 […]
Union Jack receives requisition notice for meeting
Union Jack Oil plc has received a requisition notice, dated 7 July 2026, to hold a general meeting to vote on the removal of its three serving directors and appoint two new ones to the board. TIMELINES The company said that the notice was from shareholders who held 20,650,096 ordinary shares in Union Jack, representing […]
Union Jack defers AGM vote on £6.14m offer
Union Jack Oil plc aims to resist opposition to its sale by reconvening its annual general meeting 21 days after publication of Reabold Resources plc’s £6.14 million offer, or that it is declared unconditional. VOTES The announcement on the AGM, adjourned on 26 June, is due five business days after the earlier of the two […]
Union Jack directors face ousting from board
Union Jack Oil plc has accused a proposed director of the company of “opportunistically trying to gain control of the company” and to remove serving directors. ‘CAMPAIGN’ Craig Howie, initially appointed in April 2024 as a non-executive director, left on 12 January 2026, by a board resolution. Mr Howie is reported to have sent a letter to […]