On January 20, 2016, JKX Oil & Gas plc announced that Institutional Shareholder Services Inc. (‘ISS') has recommended that the Company's shareholders should vote against the resolutions: (1) to elect Thomas Reed, Russell Hoare, Paul Ostling, Vladimir Tatarchuk, and Vladimir Rusinov as directors of the Company and (2) to remove Paul Davies, Cynthia Dubin, Peter Dixon, Martin Miller, Lord Oxford, Dipesh Shah, and Nigel Moore as Directors of the Company proposed by Proxima Capital Group at the requisitioned general meeting on January 28, 2016.