REG - SDX Energy PLC - Directorate Change

SDX EnergyAnnouncement

31/10/2022 07:00

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RNS Number : 5762E  SDX Energy PLC  31 October 2022

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION
(EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018 AS AMENDED.

 

 

31 October 2022

 

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

 

DIRECTORATE CHANGES

 

APPOINTMENT OF NON-EXECUTIVE CHAIRMAN

 

SDX Energy Plc (AIM: SDX), the EMEA-focused energy company, is pleased to
announce the appointment of Jay Bhattacherjee as Non-Executive Chairman of
the Company with immediate effect.

 

Jay Bhattacherjee holds a B.Sc. in Chemical Engineering with Petroleum
Engineering specialty and has over 20 years' experience both operating and
leading public and private companies in the energy and natural resources
industries with a significant focus on EMEA, the core operational area for the
Company.

 

Jay was previously Executive Director and CEO of Aminex plc, the London-listed
East African gas company which is delivering on strategic, operational and
commercial initiatives he put in place. Jay is currently a director of several
private companies in the investment, energy, and defence sectors.

 

The Company also announces that Catherine Stalker, a Non-Executive Director of
the Company, has decided to step down from the Board with immediate effect.

 

 

Jay Bhattacherjee said:

 

"I am delighted to join the Board of SDX, which I feel is a company that has a
strong production base, and  is materially undervalued.

 

"With a clear mandate to grow from shareholders, its existing gas-weighted
production base, expanding cash flows and the commitment to deliver from its
discoveries the Company is poised to support the energy markets at a time of
great need.

 

"I look forward to the challenge to support your company and take it to the
next level."

 

Tim Linacre, Interim Chairman of SDX, said:

 

"I would like to welcome Jay to the Board and look forward to working with him
to deliver on a growth platform. He brings with him energy, industry knowledge
and a strong track record.

 

"On behalf of the Board, I want to thank Catherine for her valuable input
during her time on the Board and we wish her every success in her other
activities."

 

Additional Information in respect of the AIM Rules

 

In accordance with Schedule 2 (g) of the AIM Rules, Jay Bhattacherjee, aged
44, holds the following directorships and partnerships:

 

·      Blixtra Ltd

·      C21 Advisors Ltd

·      Citadel Security Solutions Ltd

·      Guardian Global Securities plc (previously Nu-Oil and Gas Plc)

·      PMA Life Sciences Ltd

·      TerraCreo Ltd

·      Trilogy Assets Ltd

·      Trilogy Ventures Ltd

 

and has held the following directorships or partnerships in the past 5 years:

 

·      Aminex Petroleum Services Ltd

·      Aminex PLC

·      Amossco Holdings Ltd

·      Amossco Ltd

·      Amossco ODS Ltd

·      Canyon Oil & Gas Ltd

·      Canyon Oil & Gas MOL SRL

·      Canyon Oil & Gas Moldova Ltd

·      Canyon Oil and Gas UK Ltd

·      Cascade Group Ltd

·      Ndovu Resources Ltd

·      Osceola Hydrocarbons PLC

·      Osceola Oil and Gas Ltd

·      TJ Holdings Limited

 

As at the date of this announcement, Jay Bhattacherjee does not own any
ordinary shares in the Company.

 

Save as set out above there are no further disclosures pursuant to Rule 17 or
Schedule Two paragraph (g) of the AIM Rules for Companies in respect of the
appointment of Jay Bhattacherjee.

 

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) .

 

 

Enquiries:

SDX Energy plc

Tim Linacre, Interim Chairman
 
Tel: + 44 (0) 203 219 5640

Stifel Nicolaus Europe Limited (Nominated Adviser and Broker to SDX)

Callum Stewart
 
Tel: +44 (0) 20 7710 7600

Camarco (Financial PR Adviser to SDX)

Owen Roberts/Violet Wilson/Billy
Clegg
Tel: +44 (0) 203 757 4980

 

 

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