Notice of AGM and Directorate Change

RNS Number : 8614K

SDX Energy PLC

10 May 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 AS IT FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("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.

10 May 2022

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

Notice of AGM and Directorate Change

SDX Energy Plc (AIM: SDX), the MENA-focused oil and gas company, announces that it will hold its Annual General Meeting ("AGM") on 14 June 2022 at 10:00am at Holiday Inn London - Oxford Circus, 57-59 Welbeck Street, London, United Kingdom. The Company has today made available to shareholders its Notice of AGM and Management Information Circular, and copies have been uploaded onto the Company's website ( www.sdxenergygroup.com ) and on SEDAR ( www.sedar.com ). Hard copies are also being posted today to those shareholders who have elected to receive copies by post.

At the time of publication of this Notice, the UK Government has lifted all restrictions on public gatherings and non-essential travel and it is therefore anticipated that the AGM will go ahead as normal as a physical meeting. However, it is uncertain what regulations or public health guidance may be in place at the time of the AGM which may restrict the number of people who may gather in public and therefore the number of permitted attendees. Given the evolving nature of the COVID-19 pandemic, the Company wants to ensure that the arrangements can be adapted efficiently to respond to any such change in circumstances. Any changes to the arrangements for the AGM (including any change to the location of the AGM) will be communicated to shareholders in advance of the AGM through the Company's website at https://www.sdxenergygroup.com and via a RNS announcement.

Should there be a need to change the arrangements in this way, it is possible that the Company will not be in a position to accommodate shareholders beyond the minimum required to hold a quorate meeting. In light of this uncertainty, shareholders are strongly encouraged to submit a proxy vote in advance of the Meeting and to appoint the Chair of the Meeting as their proxy, rather than a named person who, if circumstances change, may not be permitted to attend and vote at the AGM.

If shareholders are unable to attend the AGM or prefer not to attend the AGM for safety reasons, and want to vote on any of the resolutions, they can do so by appointing a proxy to vote on their behalf. Shareholder can appoint a proxy by:

·     logging on to www.signalshares.com and submitting your proxy appointment online; or

· completing and returning a proxy form by post to Link Group, PXS 1, Central Square, 29 Wellington Street, Leeds, LS1 4DL; or

· submitting (if the shareholder is a CREST member) a proxy appointment electronically, by using the CREST voting service.

Proxy appointments, whether submitted electronically or by post, must be received by Link Group by no later than 10:00 am on 10 June 2022.

Mr. David Mitchell has advised the Board of Directors of the Company that he has elected to retire at the AGM and will not be putting himself for re-election as a Director of the Company.

Michael Doyle Non-Executive Chairman of SDX said:

"I would like to thank David for his significant contribution to the Company and its predecessor Madison Petrogas. My fellow Directors and I have appreciated David's support and counsel over many years and wish him well in his retirement."

About SDX

SDX is an international oil and gas exploration, production, and development company, headquartered in London, United Kingdom, with a principal focus on MENA. 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 or the Company's filed documents at www.sedar.com . 

For further information:

SDX Energy Plc Mark Reid Chief Executive Officer Tel: [phone] Stifel Nicolaus Europe Limited (Nominated Adviser and Broker) Callum Stewart Jason Grossman Ashton Clanfield Tel: [phone] Camarco (PR) Billy Clegg/Owen Roberts/Violet Wilson Tel: [phone]

 

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