Union Jack Oil plc (LSE:UJO) announced the cancellation of its General Meeting originally scheduled for 30 October 2025, citing insufficient shareholder backing for a proposed resolution. Although the company received more than 40 million proxy votes, the board determined that the measure would not achieve the necessary approval and therefore opted to cancel the meeting.
In its statement, the board reaffirmed its commitment to maintaining open communication with shareholders, emphasizing that it remains focused on constructive dialogue and collaborative engagement to support the company’s long-term growth and strategic objectives. Management added that the company will continue to explore opportunities to strengthen its operational performance and shareholder value.
More about Union Jack Oil plc
Union Jack Oil plc is a UK- and U.S.-focused onshore oil and gas company engaged in the production, development, and exploration of hydrocarbon assets. Operating within the energy sector, the company aims to maximize returns from its portfolio of oil and gas interests while pursuing sustainable and responsible resource development.
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