JKX shareholders voted on Thursday to pass all resolutions discussed in a general meeting requested last year by Proxima by a vote of roughly 70% in favour and 30% against.

Following the vote, JKX chief executive Paul Davies stepped down, alongside Nigel Moore, Peter Dixon, Martin Miller and Lord Oxford, who also lost their roles.

Proxima’s chief executive Vladimir Tatarchuk, together with Thomas Reed, Russell Hoare, Paul Ostling and Vladimir Rusinov, have all been appointed to the board to replace the previous members.

Cynthia