On February 18, 2020, Universal Coal Plc announced that it has received requisition notices by TCIG Resources Pte Ltd. The Company stated that each notice requests that the Company convene a general meeting to propose a change to the existing board of directors. Further, the Company stated that the 1st notice received by the Company on February 16, 2020, seeks the removal of Mark Eames, Tony Weber, Henri Bonsma, and Paul Sanger, being 4 of the 7 directors who currently sit on the Company’s Board and the 2nd notice received by the Company on February 17, 2020, seeks the removal of only 3 directors, being Mark Eames, Tony Weber, and Henri Bonsma. In the meantime, the Company asked the shareholders to not take any action or make any decision in relation to the unsolicited bid.