REG - Union Jack Oil PLC - Cancellation of General Meeting

Union Jack OilAnnouncement

29/10/2025 07:00

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RNS Number : 1803F  Union Jack Oil PLC  29 October 2025

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

29 October 2025

 

Union Jack Oil plc

("Union Jack" or the "Company")

Cancellation of General Meeting

 

Union Jack Oil plc (AIM: UJO), a UK and USA focused onshore hydrocarbon
production, development and exploration company, announces that following the
receipt of proxies, it has become evident that there are insufficient votes in
favour of the resolution to be put to shareholders at the General Meeting, due
to be held on 30 October 2025 at 11:00 a.m. ("GM") and therefore the Directors
have decided to withdraw the resolution and, accordingly, to cancel the GM.

 

At the proxy voting deadline yesterday, a total of 40,194,574 votes had been
received from shareholders in connection with the resolution. Of these votes,
approximately 21,098,060, representing approximately 13.8% of the Company's
issued share capital are in favour of the resolution and approximately
19,096,514, representing approximately 12.49% are against the resolution. As
is it unlikely that the special resolution will pass, the Board have decided
to cancel the GM.

 

The Board remains of the view that it would be in the interests of all
shareholders in the Company to share in its future growth and success, but has
noted the views of shareholders regarding the resolution put forward. The
Board remains open to constructive engagement with shareholders.

 

 

For further information, please contact

 

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

 David Bramhill

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

 Nominated Adviser and Joint Broker

 Matthew Johnson

 Richard Hail

 Jen Clarke

 Zeus Capital Limited                 +44 (0)20 3829 5000

 Joint Broker

 Antonio Bossi

 Simon Johnson

 George Duxberry

 Harbour Access                       +1 (475) 477 9402

 USA Investor Relations

 Jonathan Paterson

 

 

 

 

 

 

 

 

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