SDX Energy PLC Directorate Change (0383T)
12 Novembre 2019 - 8:02AM
UK Regulatory
TIDMSDX
RNS Number : 0383T
SDX Energy PLC
12 November 2019
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
SDX TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET
ABUSE REGULATION (EU) NO. 596/2014 ("MAR"). ON THE PUBLICATION OF
THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"),
THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC
DOMAIN.
12(th) November 2019
SDX ENERGY PLC
("SDX" or the "Company")
DIRECTORATE CHANGE
SDX Energy Plc (AIM: SDX), the MENA-focused oil and gas company,
is pleased to announce the appointment of Mark Reid as CEO of SDX
on a permanent basis, having acted as interim CEO since May
2019.
In addition, the Board has appointed Nicholas ("Nick") Box to
the position of CFO and Director. Nick has served as Group
Financial Controller of SDX since October 2016, having previously
spent over 10 years working at PwC with a focus on the natural
resources sector. Nick holds the ACA qualification with the
Institute of Chartered Accountants in England and Wales.
Michael Doyle, Non-Executive Chairman of SDX, commented:
"We are very pleased to appoint Mark to the role of CEO on a
permanent basis. Mark has successfully delivered a number of key
milestones since taking over as Interim CEO, including; achieving
first gas at South Disouq, Egypt, and the commencement of the
Company's drilling campaign in Morocco last month. Mark has the
full support of the Board and we remain very positive about the
Company's growth trajectory.
I would also like to welcome Nick Box to the Board. Nick brings
with him a wealth of experience from his time at PwC and he has
played a very important role since joining the Company in
2016."
Nicholas James Box, aged 35, has held the following
directorships and/or partnerships in the past five years:
Current Directorships/Partnerships Previous Directorships/Partnerships
SDX Energy Investments (UK) Limited None
Sea Dragon Energy (UK) Limited
SDX Energy Morocco (UK) Limited
SDX Energy Morocco (Jersey) Limited
Sea Dragon Cooperatieve U.A.
Sea Dragon Energy Holding B.V.
SDX Energy Egypt (Nile Delta) B.V.
Sea Dragon Energy (NW Gemsa) B.V.
SDX Energy Egypt (Jersey) Limited
Sea Dragon Energy (Nile) B.V.
Sea Dragon Energy (GOS) B.V.
Sea Dragon Energy Holding Limited
National Petroleum Company Shukheir
Marine Limited
National Petroleum Company South Ramadan
Limited
Nick holds 20,030 ordinary shares in the Company.
There are no further disclosures required to be made pursuant to
Schedule 2 paragraph (g) of the AIM Rules.
About SDX
SDX is an international oil and gas exploration, production and
development company, headquartered in London, United Kingdom, with
a principal focus on MENA. In Egypt, SDX has a working interest in
three producing assets. In the South Disouq gas field in the Nile
Delta, the Company has a 55% operated interest. In the Eastern
Desert, adjacent to the Gulf of Suez, the Company has two
non-operated oil interests; 50% in North West Gemsa and 50% in
Meseda. In Morocco, SDX has a 75% working interest in the Sebou
concession, situated in the Gharb Basin. These producing gas assets
in Morocco are characterised by exceptionally low operating costs
and fixed priced gas contracts making them particularly resilient
in a low oil price environment. SDX's portfolio also includes high
impact exploration opportunities in both Egypt and Morocco.
For further information, please see the Company's website at
www.sdxenergy.com or the Company's filed documents at
www.sedar.com.
For further information:
SDX Energy Plc
Mark Reid
Chief Executive Officer
Tel: +44 203 219 5640
Stifel Nicolaus Europe Limited (Nominated Adviser and Joint Broker)
Callum Stewart
Nicholas Rhodes
Ashton Clanfield
Tel: +44 (0) 20 7710 7600
Cantor Fitzgerald Europe (Joint Broker)
David Porter
Tel: +44 207 7894 7000
GMP FirstEnergy (Joint Broker)
Jonathan Wright
Tel: +44 207 448 0200
Celicourt (PR)
Mark Antelme/Jimmy Lea/Ollie Mills
Tel: +44 208 434 2754
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END
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