Result of AGM
Union Jack Oil plc held its adjourned Annual General Meeting where the audited accounts for the year ended 31 December 2025 were approved with 90.03% of votes in favour. Resolutions to re-elect directors David Roger Bramhill, Joseph Bernard O'Farrell, Graham Bull, and Dr. Donald Zac Philips were withdrawn, while John Alec Americanos was re-elected with 92.87% of votes in favour, and Craig Robert Howie was appointed as a director with 90.17% of votes in favour. The re-appointment of Crowe U.K. LLP as auditor passed with 87.23% of votes in favour, and directors were authorised to determine auditor remuneration with 85.62% of votes in favour. However, resolutions concerning share subdivision, allotment of equity securities, issuance of shares for cash, and purchase of deferred shares failed to pass, receiving only 21.15%, 20.11%, 19.74%, and 21.21% of votes in favour respectively. Directors were authorised to repurchase shares with 73.80% of votes in favour.
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Union Jack Oil plc (AIM: UJO), a UK and USA focused onshore hydrocarbon production, development and exploration company, announces that the adjourned Annual General Meeting ("AGM") was held today. Results of the proxy voting are shown below:
| No. | RESOLUTIONS | FOR | AGAINST | VOTES WITHELD | PERCENTAGE FOR |
|---|---|---|---|---|---|
| 1. | To receive the audited annual accounts of the Company for the year ended 31 December 2025, together with the Directors' Report and the Auditor's Report on those annual accounts | 49,653,691 | 5,497,855 | 5,081,444 | 90.03% |
| 2. | To re-elect David Roger Bramhill as a director of the Company | Withdrawn | |||
| 3. | To re-elect Joseph Bernard O'Farrell as a director of the Company | Withdrawn | |||
| 4. | To re-elect Graham Bull as a director of the Company | Withdrawn | |||
| 5. | To re-elect Dr. Donald Zac Philips as a director of the Company | Withdrawn | |||
| 6. | To re-elect John Alec Americanos as a director of the Company | 51,338,621 | 3,943,260 | 4,951,109 | 92.87 |
| 7. | To appoint Craig Robert Howie as a director of the Company | 53,810,313 | 5,865,294 | 557,383 | 90.17 |
| 8. | To re-appoint Crowe U.K. LLP as auditor of the Company until the conclusion of the next general meeting. | 47,661,068 | 6,974,694 | 5,597,228 | 87.23% |
| 9. | To authorise the directors to determine the remuneration of the auditor | 46,804,547 | 7,861,421 | 5,567,022 | 85.62% |
| 10. | To authorise the subdivision of existing share capital of the Company | 12,710,227 | 47,399,383 | 123,380 | 21.15% |
| 11. | To authorise directors to allot equity securities | 12,062,618 | 47,908,256 | 262,116 | 20.11% |
| 12. | To authorise directors to repurchase shares | 43,914,497 | 15,590,314 | 728,179 | 73.80% |
| 13. | To authorise directors to issue shares for cash | 11,777,766 | 47,900,005 | 555,219 | 19.74% |
| 14. | To authorise directors to purchase deferred shares | 12,606,542 | 46,818,425 | 808,023 | 21.21% |
Resolutions 2, 3, 4, and 5 were withdrawn following the result of the Requisitioned General Meeting held earlier today.
Resolutions 10, 11, 13, and 14 were not passed.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.