Director/PDMR Shareholding

RNS Number : 6202U

SDX Energy PLC

02 August 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 ("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.

2 August 2022

SDX ENERGY PLC

("SDX" or the "Company")

DIRECTOR/PDMR SHAREHOLDING

In accordance with the requirements of Article 19 of the UK Market Abuse Regulation (Regulation (EU) 596/2014, as it forms part of UK domestic law by virtue of the European (Withdrawal Act 2028), the Company makes the below notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

Today, Mark Reid, Chief Executive Officer, purchased 150,000 ordinary shares in the Company at a price of £0.1025 per share, and 50,000 ordinary shares in the Company at a price of £0.0994 per share. After settlement of these transactions, Mark will hold a total of 892,897 ordinary shares in the Company, representing 0.44% of the Company's issued share capital.  

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]

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Reid
2	Reason for the notification
a)	Position/status	CEO
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer
a)	Name	SDX Energy PLC
b)	LEI	213800ALYZJ5JN26DY75
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification Code	Ordinary shares of GBP £0.01 GB00BJ5JNL69
c)	Nature of the transaction	Acquisition
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.1025 150,000 £0.0994 50,000
d)	Aggregated information - Aggregated volume - Price	Price(s) Volume(s) £0.1017 200,000
e)	Date of the transaction	2 August 2022
f)	Place of the transaction	XLON

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 or the Company's filed documents at www.sedar.com . 

 

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