Directorate Change
Union Jack Oil plc has appointed Dr. Donald Zac Phillips and John Americanos as Non-Executive Directors to its Board, effective immediately, while also announcing the departure of Craig Howie. Dr. Phillips, an experienced energy executive with a background in chemical and petroleum engineering, will also serve as Senior Independent Director, and currently holds 31,250 ordinary shares. Mr. Americanos, a Chartered Certified Accountant with experience in property development, joins the board holding 7,229,228 ordinary shares, representing approximately 4.73% of the company's issued share capital. These appointments are expected to bolster the company's forward growth strategy.
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Union Jack Oil plc (AIM: UJO, OTCQB: UJOGF), a UK and USA focused onshore hydrocarbon production, development and exploration company, is pleased to announce the appointment of Dr. Donald Zac Phillips ("Zac") and John Americanos as Non-Executive Directors to the Board of Union Jack with immediate effect.
Dr Phillips, who will join the Board as an independent Non-Executive Director, is a senior energy executive and advisor with extensive experience in the oil and gas sector, advising on asset evaluation, project development and corporate strategy. He is currently a Director of TomCo Plc and provides oil and gas advisory services to investment banks through his company Oil and Gas Advisors Limited. Zac has previously worked for companies such as BP, Chevron, DB Petroleum, Merrill Lynch and ING Barings.
Dr Phillips is a chemical and petroleum engineer, holding a Masters in Petroleum Engineering and a PhD in Chemical Engineering. He is also a Member of the Institute of Chemical Engineers, a Member of the Society of Petroleum Engineers and a Member of the American Association of Petroleum Geologists. Zac has been providing the Board with independent evaluation support for a number of years.
Mr Americanos, who will join the Board as a Non-Executive Director, is a Chartered Certified Accountant (FCCA) and a founder and Director of John Alexander Ltd which focuses on the provision of accountancy services to businesses and sole traders. John also has significant experience in UK and international property development.
The Company also announces that Craig Howie's office as a Director of the Company has been vacated by a resolution of the Board with immediate effect.
David Bramhill, Executive Chairman of Union Jack, commented:
"We have known both Zac and Johnny for many years and welcome them to our Board as non-executive directors. Combined, they bring a wealth of technical and commercial skills that we expect will assist in formulating our forward growth strategy during an unprecedented period in the development of Union Jack and given the wider challenges facing the oil and gas sector both onshore UK and internationally.
"Zac will also assume the role of Senior Independent Director and will assist the executive leadership team in a number of areas including stakeholder liaison and maintaining corporate governance standards."
Dr Donald Zac Phillips, aged 53, currently holds and has held in the prior five years the following directorships:
| Current Directorships | Directorships held in the previous 5 years |
| Oil & Gas Advisors Limited | OGA Capital Limited |
TomCo Plc
Birkdale Consultants Limited
Birkdale Energy Limited
It is noted that Dr Donald Phillps currently holds 31,250 ordinary shares of the Company.
John Alec Americanos, aged 62, currently holds and has held in the prior 5 years the following directorships:
| Current Directorships | Directorships held in the previous 5 years |
John Alexander Ltd
Americo Ltd
Americo 2022 Ltd
Property Global Management Ltd
DJM Properties Ltd
John Alexander Management Services Ltd
It is noted that John Americanos currently holds 7,229,228 ordinary shares in the Company, which represents c4.73% of the Company's issued share capital.
There is no further information to be disclosed in accordance with Schedule 2 (g) of the AIM Rules for Companies.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.