SDX Energy PLC Directorate Change (9538T)
20 Novembre 2019 - 8:01AM
UK Regulatory
TIDMSDX
RNS Number : 9538T
SDX Energy PLC
20 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.
20 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 Amr Al Menhali as
Non-Executive Director of SDX.
In September 2019, Mr. Al Menhali was appointed Chief Executive
Officer of Waha Capital, SDX's largest shareholder with a 19.48%
interest in the Company. He has a track record of over 20 years in
senior leadership positions across a number of high profile
institutions, with expertise in strategy, finance, risk, credit and
corporate governance. Mr. Al Menhali has also served on the boards
of prominent regional and international companies in diverse
sectors and industry bodies, including the UAE Banks
Federation.
Michael Doyle, Non-Executive Chairman of SDX, commented:
"We are very pleased to welcome Mr. Al Menhali to the Board of
SDX as a Non-Executive Director. His appointment demonstrates the
ongoing support of our largest shareholder, Waha Capital. Mr. Al
Menhali has significant experience in senior management and board
positions across a number of high profile institutions in our
operating region and we are looking forward to his contribution and
insight as the Company continues to deliver on its objectives."
Amr Al Menhali, aged 39, has held the following directorships
and/or partnerships in the past five years:
Current Directorships/Partnerships Previous Directorships/Partnerships
Waha Capital PJSC Al Hilal Bank
GFH Financial Group Abu Dhabi Commercial Bank PJSC
UAE Banking Federation
Abu Dhabi Finance
Waha Capital PJSC, through its wholly owned subsidiary SDX SPV
Ltd, owns 39,876,803 ordinary shares in the Company although Mr. Al
Menhali owns no ordinary shares in the Company in a personal
capacity ahead of appointment.
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
Michael Doyle
Non-Executive Chairman
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
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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