Union Jack Oil plc (AIM:UJO) said shareholders approved all resolutions at an extraordinary general meeting held on Monday, formalizing a board restructuring that removes three directors and appoints two new executives.
The changes, outlined in a notice published on July 27, 2026, included the removal of David Bramhill, Joseph O'Farrell and Dr. Zac Phillips, effective immediately. In their place, Craig Howie and John Americanos were appointed, both returning to the board after prior directorships at the company.
Voting results showed overwhelming support for the resolutions, with Howie’s appointment receiving 90.85% approval and Americanos’ 90.82%. The removal of Bramhill, O’Farrell and Phillips each garnered between 90.55% and 90.89% support, according to the company’s filing.
Howie will assume the role of executive chairman, while Americanos joins as executive director. The company also indicated plans to appoint independent non-executive directors to strengthen board oversight.
Howie, aged 50, holds 13.42 million ordinary shares, representing about 9.15% of Union Jack Oil’s voting rights. He also serves as a director at Lanrest Advisory Limited and Lanrest Absolute (2023) Trust. Americanos, 62, holds a beneficial interest in 7.23 million shares, or roughly 4.93% of the voting rights, and maintains directorships at several private entities including John Alexander Ltd and Property Global Management Ltd.
In a statement, Howie outlined immediate priorities, including reducing the core cost base—particularly director remuneration—enhancing investor communication and improving corporate governance. He also flagged plans to refine capital allocation decisions at both asset and corporate levels.
