On December13, 2019, Universal Coal Plc announced that it has appointed Mark Eames and Paul John Sanger as Independent Non-Executive Directors to the Board of the Company, effective as of December 11, 2019. The Board of the Company has accordingly requested Brasidas to withdraw their request for the removal of the Chairman and to allow the restructured Board to evaluate and appoint an independent Chairman following the rotation of the existing Chairman during the course of 2020 and Brasidas has withdrawn its request for a general meeting in lieu of this announcement.