Shareholders in JKX Oil&Gas Plc have dismissed Tom Reed from the post of CEO, and Director of Poltava Petroleum Company Viktor Hladun was appointed acting CEO.

JKX said on the London Stock Exchange (LSE), the holders of 80.5% of the shares in the company backed the dismissal of Reed.

The shareholders also removed Russell Hoare and Vladimir Rusinov from the board.

A proposal of Eclairs Group Ltd. under control of Ihor Kolomoisky and Hennadiy Boholiubov to appoint Michael Bakunenko as a director of the company was not supported (only 45.2% of the votes).

The shareholders reelected Alan Bigman and Bernie Sucher as JKX directors. Paul Ostling remained non-executive board chairman. Vladimir Tatarchuk remained a board member.