REG - SDX Energy PLC - Directorate Changes

SDX EnergyAnnouncement

01/12/2022 07:00

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RNS Number : 1759I  SDX Energy PLC  01 December 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.

 

 

1 December 2022

 

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

 

DIRECTORATE CHANGES

 

SDX Energy Plc (AIM: SDX), announces the appointment of Jay Bhattacherjee as
Interim Executive Chairman and Daan Hanssen, currently Group Financial
Controller, as Interim CFO both with immediate effect.

 

Jay brings with him over 20 years' experience of operating and leading both
public and private companies in the energy and natural resources industries.

 

The Company also announces that Mark Reid, currently CEO, will be leaving the
Company with immediate effect.

 

The Board will now comprise of Jay Bhattacherjee as Interim Executive
Chairman, Tim Linacre as Senior Independent Director and Chairman of the Audit
Committee, and Krzysztof Zielicki as Non-Executive Director and Chairman of
the Remuneration Committee.

 

Jay Bhattacherjee said:

 

"On behalf of my Board colleagues, I want to thank Mark for his efforts
leading the Company. We wish him all the best for the future.

 

I am excited to take on the role as Executive Chairman, and I look forward to
working to create meaningful value both organically and inorganically."

 

 

 

Enquiries:

 

 SDX Energy plc
 Jay Bhattacherjee, Interim Executive 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

 

About SDX

 

SDX is an international energy producer headquartered in London, United
Kingdom., 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 low operating costs.

 

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/) .

 

 

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