Also ousted on 15 March were finance director Kerry Crawford and three non-executive directors — John Martin, Tim Sullivan and Philip Tracy.

Crown Ocean also wanted to get rid of non-executive chairman Billy Allan but both he and chief operating officer David Clarkson will remain at Bowleven.

Shareholders approved the appointment of Christopher Ashworth and Eli Chahin as Bowleven directors.

Ashworth is general counsel at Monaco-based Knight Vinke Asset Management, an activist investor, while Chahin is an advisor to management consultancy AlixPartners.