OREANDA-NEWS. The Board of JKX Oil & Gas Plc announces that Institutional Shareholder Services Inc. ("ISS"), the global leader in corporate governance, has recommended that JKX shareholders should vote AGAINST all resolutions proposed by Proxima Capital Group ("Proxima") at the requisitioned General Meeting on 28 January 2016.

ISS recommendations confirm the Board's view that Proxima has not presented a justifiable case for its proposals. Accordingly, ISS concludes that support for Proxima's requests is not warranted.

ISS supports the JKX Board's voting recommendations which are as follows:

 

Proxima Proposed Resolution

 

ISS

JKX Board

 1.

Elect Thomas Reed, a Shareholder Nominee to the Board

AGAINST

AGAINST

 2.

Elect Russell Hoare, a Shareholder Nominee to the Board

AGAINST

AGAINST

 3.

Elect Paul Ostling, a Shareholder Nominee to the Board

AGAINST

AGAINST

 4.

Elect Vladimir Tatarchuk, a Shareholder Nominee to the Board

AGAINST

AGAINST

 5.

Elect Vladimir Rusinov, a Shareholder Nominee to the Board

AGAINST

AGAINST

 6.

Remove Dr Paul Davies as Director

AGAINST

AGAINST

 7.

Remove Cynthia Dubin as Director

AGAINST

AGAINST

 8.

Remove Peter Dixon as Director

AGAINST

AGAINST

 9.

Remove Martin Miller as Director

AGAINST

AGAINST

10.

Remove Lord Oxford as Director

AGAINST

AGAINST

11.

Remove Dipesh Shah as Director

AGAINST

AGAINST

12.

Remove Nigel Moore as Director

AGAINST

AGAINST