Issue of Equity and Total Voting Rights

RNS Number : 5878Z

SDX Energy Inc.

03 September 2018

 

3 September 2018

SDX ENERGY INC.

 ("SDX" or the "Company")

Issue of Equity and Total Voting Rights

On 30 August 2018, a former director of the Company exercised 213,333 options (granted under the Canadian Stock option plan) over a total of 213,333 Common Shares of no par value in the share capital of the Company ("Common Shares"), in accordance with the 90-day post-leaving exercise period stipulated by the Canadian Stock option plan.

SDX has applied to the London Stock Exchange for 213,333 new Common Shares (the "New Common Shares") to be admitted to trading on AIM ("Admission").

It is expected that Admission will become effective on 4 September 2018. The New Common Shares will, following allotment, rank pari passu in all respects with the existing issued Common Shares.

Following Admission, the Company's issued share capital will be 204,706,373 Common Shares. The Company does not hold any Common Shares in treasury. Therefore the total number of voting rights in the Company will be 204,706,373.

Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

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About SDX

SDX is an international oil and gas exploration, production and development company, headquartered in London, UK, with a principal focus on North Africa. In Egypt, SDX has a working interest in two producing assets (50% North West Gemsa & 50% Meseda) located onshore in the Eastern Desert, adjacent to the Gulf of Suez. It also has a 55% operated working interest in the South Disouq concession in the Nile Delta area, which consists of development, appraisal and exploration assets. In Morocco, SDX has multiple assets in the northern Gharb basin with a 75% operated working interest in Sebou, a producing concession, along with exploration and appraisal assets in its Gharb Centre and Lalla Mimouna concessions (75% operated working interests in both concessions).

For further information, please see the website of the Company at www.sdxenergy.com or the Company's filed documents at www.sedar.com. 

For further information:

SDX Energy Inc. Paul Welch President and Chief Executive Officer Tel: [phone]	Mark Reid Chief Financial Officer Tel: [phone]
Stifel Nicolaus Europe Limited (Nominated Adviser and Joint Broker) Callum Stewart/Nicholas Rhodes/Ashton Clanfield Tel: [phone]
Cantor Fitzgerald Europe (Joint Broker) David Porter/Nick Tulloch Tel: [phone]
GMP FirstEnergy (Joint Broker) Jonathan Wright/David van Erp Tel: [phone] Celicourt (PR) Mark Antelme/Jimmy Lea/Ollie Mills Tel: [phone]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This announcement does not contain inside information.

 

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