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.
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The company said that the notice was from shareholders who held 20,650,096 ordinary shares in Union Jack, representing 14.09% of the total voting rights.
The directors who face losing their positions comprise executive chairman David Bramhill, executive director Joseph O’Farrell and independent non-executive director Zac Phillips.
Proposed directors are former Union Jack NEDs Craig Howie and John Americanos.
“The board will convene the requisite meeting to consider the proposed resolutions in accordance with the statutory timelines and its articles of association,” added Union Jack.
The company previously adjourned its annual general meeting from 26 June 2026 after Reabold Resources plc made a tentative offer for the company.
Union Jack delayed reconvening the AGM because Mr Howie and Mr Americanos were “against any offer for the company from Reabold”.
Reabold’s offer of £6.14 million was announced on 1 July 2026.