All three Union Jack Oil directors, David Bramhill, Joseph O’Farrell and Zac Phillips, have been removed immediately from the board, the company announced today (24 August 2026).

They have been replaced by Craig Howie and John Americanos, again with immediate effect.

The announcement follows general meetings in London earlier today.

Last month, Mr Howie and Mr Americanos, both former Union Jack directors, called for the removal of the entire Union Jack board and their appointment in its place.

The former directors described the call as “opportunistic” and urged investors to vote against.

But Mr Howie was appointed today with 90.85% of the votes cast in favour and Mr Americanos with 90.82%.

A statement to investors reported that 90.89% of the votes cast were in favour of the removal of David Bramhill (the former executive chairman), 90.55% for the removal of Mr O’Farrell and 90.89% for the removal of Zac Phillips.

Union Jack, which has interests in the Wressle oil field in North Lincolnshire and the West Newton oil and gas sites in East Yorkshire, is the subject of a takeover bid by Reabold Resources.

Earlier this month (5 August 2026), Union Jack, urged investors to support the takeover. It said the company would, “in the short term, be unable to meet its licence commitments”.

The company said the former board had “considered the likelihood of accelerated cash calls for the West Newton project (where Reabold has an economic interest of 69.9%) and payments for loss of office following the recent shareholder requisition received by Union Jack to remove all of its current directors.”

The former directors added:

“Consequently, in accordance with the licence terms, this may result in the forfeiture of key assets within the Union Jack portfolio.”

Today’s statement said Mr Howie would become executive chairman and Mr Americanos the executive director. Independent non-executive directors would be appointed, the statement said.

Mr Howie said:

“Following the Board changes announced today, Union Jack’s immediate priority must be an urgent right-sizing of its central cost base, particularly with regard to directors’ remuneration.

“This should be accompanied by significantly improved investor communication and corporate governance.

“Supported by a fresh commercial and technical approach, the incoming Board also needs to make considerably more effective capital allocation decisions at the asset and corporate levels, to preserve and grow value going forward.

“We look forward to updating shareholders once the most urgent steps have been taken, including the selection and appointment of independent non-executive directors to ensure the highest standards of boardroom oversight.”

Last week, Reabold Resources announced that it had received support for the takeover from holders of 2.35% of Union Jack’s share capital, 21 days after the takeover offer. The offer remains open until 25 September 2026.

Reabold Resources has not issued a formal statement to investors in response to today’s news.