REG - Union Jack Oil PLC - Board Changes

Union Jack OilAnnouncement

22/04/2024 07:00

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RNS Number : 3965L  Union Jack Oil PLC  22 April 2024

22 April 2024

 

Union Jack Oil plc

("Union Jack" or the "Company")

Board Changes

 

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 Craig Howie as an independent Non-Executive
Director with effect from 22 April 2024.  The Company also announces that
Raymond Godson, Non-Executive Director, will retire from the Board following
the Annual General Meeting to be held on 27 June 2024.

To facilitate his appointment to Union Jack's Board, Craig will shortly be
stepping down from his current role as lead E&P analyst at Shore Capital,
where he has had responsibility for oil and gas equity research for 14 years.
Craig has been actively involved with Union Jack since its IPO in 2013 and has
wide-ranging financial markets experience. He previously spent five years at
Blue Oar Securities, where he became a director of equity research and spent
two years on secondment at subsidiary Rowan Dartington's headquarters in
Bristol. He holds several securities industry qualifications and is a member
of the Society of Petroleum Engineers.

Upon Ray's retirement, Craig will assume Ray's duties as Chairman of the
Company's Audit Committee and as a member of the Company's Remuneration
Committee.

David Bramhill, Executive Chairman of Union Jack, commented: "I would like to
thank Ray for his commitment to Union Jack since the Company's IPO in 2013.
His knowledge of the oil and gas sector and financial background have been of
very great benefit to the Company.  On behalf of the Board I would like to
wish Ray all the best for his retirement.

"We are delighted to welcome Craig to the Board to replace Ray. Craig is a
highly experienced upstream oil and gas equity research analyst and has worked
as an investment professional specialising in the natural resources sector for
over 20 years.  I am confident that his strong financial and E&P sector
experience and enthusiasm will prove invaluable as we continue to drive Union
Jack forward."

Craig Howie, Non-Executive Director, commented: "Having been involved with
Union Jack since its IPO, I am well versed with the business and delighted to
be joining as an independent Non-Executive Director. I am confident that these
are exciting times for Union Jack, particularly given the Company's rapid
expansion into the USA. I am looking forward to working closely with David and
the wider Board as Union Jack's UK and USA strategies continue to be
implemented. After so many years, it is with mixed emotions that I leave Shore
Capital and I am pleased that the firm remains a trusted Joint Broker to the
Company."

 

 

 

 

 

 

 

The following information is disclosed pursuant to Rule 17 and Schedule Two
paragraph (g) of the AIM Rules for Companies in relation to Craig Robert
Howie, aged 48:

 

 

 Current directorships and/or partnerships:  Former directorships and/or partnerships (within the last five years):
 Lanrest Advisory Limited                    Macallum Industrial Metals AB

                                             Macallum Precious Metals AB

 

 

For further information, please contact:

 

Union Jack Oil
plc
info@unionjackoil.com (mailto:info@unionjackoil.com)

David
Bramhill

Craig
Howie

 

SP Angel Corporate Finance
LLP
+44 (0)20 3470 0470

Nominated Adviser and Joint Broker

Matthew Johnson

Richard Hail

Caroline Rowe

Kasia Brzozowska

 

Shore
Capital
+44 (0)20 7408 4090

Joint Broker

Toby Gibbs

Harry Davies-Ball

 

BlytheRay
+44 (0)20 7138 3204

Financial PR

Tim Blythe

Megan Ray

 

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