REG - SDX Energy PLC - POTENTIAL SALE OF EGYPTIAN ASSETS

SDX EnergyAnnouncement

12/06/2023 07:00

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RNS Number : 2943C  SDX Energy PLC  12 June 2023

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.

 

12(th) June 2023

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

POTENTIAL SALE OF EGYPTIAN ASSETS

 

The Board of SDX Energy plc (AIM:SDX) are aware of rumours concerning its
Egyptian business and confirms that the Company has received multiple offers
in regard to the sale of its Egyptian assets, which the Board are evaluating.
Any proposed transaction would be subject to the usual conditions associated
with a transaction of this nature, including but not limited to the
satisfaction of a number of condition precedents such as Government and
Shareholder approval.

 

The Company will be providing further details in due course as well as further
information on the plans to return value to its shareholders via organic and
inorganic growth.

 

 

For further information:

 

 SDX Energy Plc

 Jay Bhattacherjee

 Interim Executive Chairman

 Tel: +44 203 219 5640

 Shore Capital (Nominated Adviser and Broker)

 Toby Gibbs/Iain Sexton

 Tel: +44 (0) 20 408 4090

 Camarco (PR)

 Billy Clegg/Owen Roberts/Violet Wilson

 Tel: +44 (0) 203 757 4980

 

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