REG - SDX Energy PLC - Director/PDMR Shareholding

SDX EnergyAnnouncement

02/08/2022 11:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220802:nRSB6202Ua&default-theme=true

RNS Number : 6202U  SDX Energy PLC  02 August 2022

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.

 

2 August 2022

SDX ENERGY PLC

("SDX" or the "Company")

DIRECTOR/PDMR SHAREHOLDING

 

In accordance with the requirements of Article 19 of the UK Market Abuse
Regulation (Regulation (EU) 596/2014, as it forms part of UK domestic law by
virtue of the European (Withdrawal Act 2028), the Company makes the below
notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 

Today, Mark Reid, Chief Executive Officer, purchased 150,000 ordinary shares
in the Company at a price of £0.1025 per share, and 50,000 ordinary shares in
the Company at a price of £0.0994 per share. After settlement of these
transactions, Mark will hold a total of 892,897 ordinary shares in the
Company, representing 0.44% of the Company's issued share capital.

 

For further information:

 

 SDX Energy Plc

 Mark Reid

 Chief Executive Officer

 Tel: +44 203 219 5640

 Stifel Nicolaus Europe Limited (Nominated Adviser and Broker)

 Callum Stewart

 Jason Grossman

 Ashton Clanfield

 Tel: +44 (0) 207 710 7600

 Camarco (PR)

 Billy Clegg

 Owen Roberts

 Violet Wilson

 Tel: +44 (0) 203 757 4980

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 1     Details of the person discharging managerial responsibilities / person closely
       associated
 a)    Name                                                         Mark Reid
 2     Reason for the notification
 a)    Position/status                                              CEO
 b)    Initial notification /Amendment                              Initial notification
 3     Details of the issuer
 a)    Name                                                         SDX Energy PLC
 b)    LEI                                                          213800ALYZJ5JN26DY75
 4     Details of the transaction(s): section to be repeated for (i) each type of
       instrument; (ii) each type of transaction; (iii) each date; and (iv) each
       place where transactions have been conducted
  a)   Description of the financial instrument, type of instrument

       Identification Code                                          Ordinary shares of GBP £0.01

                                                                    GB00BJ5JNL69
 c)    Nature of the transaction                                    Acquisition
 c)    Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                    £0.1025   150,000
                                                                    £0.0994   50,000

 
 d)    Aggregated information                                       Price(s)  Volume(s)

                                                            £0.1017   200,000
       - Aggregated volume - Price
 e)    Date of the transaction                                      2 August 2022
 f)    Place of the transaction                                     XLON

 

d)

Aggregated information

- Aggregated volume - Price

 Price(s)  Volume(s)
 £0.1017   200,000

e)

Date of the transaction

2 August 2022

f)

Place of the transaction

XLON

 

 

About SDX

 

SDX is an international oil and gas exploration, production, and development
company, headquartered in London, United Kingdom, with a principal focus on
EMEA. In Egypt, SDX has a working interest in two producing assets: a 36.9%
operated interest in the South Disouq and Ibn Yunus gas fields and a 67.0%
operated interest in the Ibn Yunus North gas field in the Nile Delta and a 50%
non-operated interest in the West Gharib concession, which is located onshore
in the Eastern Desert, adjacent to the Gulf of Suez. In Morocco, SDX has a 75%
working interest in four development/production concessions, all situated in
the Gharb Basin. The producing assets in Morocco are characterised by
attractive gas prices and exceptionally low operating costs. SDX has a strong
weighting of fixed price gas assets in its portfolio with low operating costs
and attractive margins throughout, providing resilience in a low commodity
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.sdxenergygroup.com (http://www.sdxenergygroup.com) or the Company's filed
documents at www.sedar.com (http://www.sedar.com) .

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct 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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHPTMLTMTAMMMT