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
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