On February 20, 2020, TCIG Resources Pte Limited clarified its position with respect to the requisition notice to remove Mark Eames, Tony Weber, and Henri Bonsma from the Universal Coal plc Board, as announced on February 17, 2020. TCIG Resources also stated that the request to remove Tony Weber as a Director aligns with TCIG Resources’ governance structure, whereby the CEO does not hold any position on the Board.