REG - SDX Energy PLC - Completion of Refinancing of Convertible Loan

SDX EnergyAnnouncement

04/11/2024 07:00

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RNS Number : 6932K  SDX Energy PLC  04 November 2024

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.

 

4 November 2024

 

SDX ENERGY PLC ("SDX" or the "Company")

COMPLETION OF REFINANCING OF CONVERTIBLE LOAN

Further to its announcement on 29 October 2024, the Company is pleased to
confirm that Aleph Finance Ltd (the "Lender") has delivered a funding
statement (pursuant to the Amended Facility Agreement) covering approximately
US$4.5 million, which has been used to repay the Existing Convertible Loan.
The remaining balance under the Amended Facility Agreement of approximately
US$2.0 million will be available to the Company when the Lender confirms that
this amount has been funded by its sub-participants and delivers a further
funding statement covering this additional amount. The Company intends to draw
this amount when it becomes available and to apply the proceeds towards
capital expenditure in Morocco and general corporate creditors. The Loan will
be available for drawdown until 1 May 2025.

Daniel Gould, Chief Executive Officer, commented:

 

"I am pleased to inform shareholders that the refinancing of the convertible
loan has been completed. The Aleph group continues to support SDX by providing
finance to enable the Company to realise some of the potential value of its
assets in Morocco."

 

For further information:

 

 SDX Energy Plc

 Daniel Gould, Chief Executive Officer

 William McAvock, Chief Financial Officer

 Tel: +44 (0) 20 3219 5640

 Shore Capital (Nominated Adviser and Broker)

 Toby Gibbs/Harry Davies-Ball

 Tel: +44 (0) 20 7408 4090

 InHouseIR (Investor and Media Relations)

 Sarah Dees/Oliver Clark

 Email: sdx@inhouseir.com

 Tel: +44 (0) 7881 650 813 / +44 (0) 20 3239 1669

About SDX

For further information, please see the Company's website at
www.sdxenergygroup.com
(https://url.avanan.click/v2/___http:/www.sdxenergygroup.com/___.YXAxZTpzaG9yZWNhcDphOm86MDEzNTAyODI2ZTNhZWY5ZWM4YWU4MGY3MmNiNjhiMDc6Njo4MDY2OmIyZDJhNDdjNTNhNWU3Yjc5Y2VjZDQ5MzgxZTRkZWJlNTE2NjQyYTMwOTk0NmQwOGZjN2U4MWIyMzIxODExNjM6cDpU)
or the Company's filed documents at www.sedar.com
(https://url.avanan.click/v2/___http:/www.sedar.com/___.YXAxZTpzaG9yZWNhcDphOm86MDEzNTAyODI2ZTNhZWY5ZWM4YWU4MGY3MmNiNjhiMDc6NjplNWE4OjE1YTQ5NzZmMjEyMWQ5MjgyZjhkZjI1YmQzNmU3YzE3ODdlMWMyY2MwM2E4YjBiYTJmY2M3ODk2ZWE5MmI3YTM6cDpU)
.

 

Forward-looking information

Certain statements contained in this press release may constitute
"forward-looking information" as such term is used in applicable Canadian
securities laws. Any statements that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or are not statements of historical fact should
be viewed as forward-looking information.

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