Universal Coal Plc announced the resignation of the two Directors who act as nominees for Coal Development Holding B.V. (CDH), being Carlo Baravalle and David Twist (the Representative Directors). According to the Subscription Agreement entered into between CDH and the Company, if CDH's interest in Universal falls below 10%, CDH must cause both Representative Directors to resign with immediate effect. The two Representative Directors were subject to a re-election resolution at the Annual General Meeting held on the 29 November 2019. Shareholders have voted against this resolution and the two Representative Directors' Board appointments have been terminated with immediate effect.