Result of AGM

RNS Number : 1651D

SDX Energy PLC

25 June 2021

 

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.

25 June 2021

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

Result of AGM

SDX Energy Plc (AIM: SDX), the MENA-focused oil and gas company, is pleased to announce that at the Annual General Meeting ("AGM") of the Company held on 25 June 2021 all of the resolutions set out in the Company's Notice of AGM and Management Information Circular dated 2 June 2021 were duly passed on a poll with the results as stated below:

Resolutions	Outcome of vote	For %	Against %
Ordinary resolutions
1. Report and Accounts	Passed	98.76%	1.24%
2. Re-election of Michael Edmond Doyle	Passed	99.96%	0.04%
3. Re-election of Mark Reid	Passed	99.94%	0.06%
4. Re-election of Timothy James Thornton Linacre	Passed	99.97%	0.03%
5. R e-election of David John Woodhams Mitchell	Passed	98.72%	1.28%
6. Re-e lection of Nicholas James Box	Passed	99.94%	0.06%
7. Re-e lection of Catherine Elizabeth Ann Stalker	Passed	99.97%	0.03%
8. Re-a ppointment of PricewaterhouseCoopers LLP as auditor	Passed	98.47%	1.53%
9. Authority to agree auditor's remuneration	Passed	99.71%	0.29%
10. Authority to allot shares	Passed	98.39%	1.61%
Special resolutions
11. Disapplication of pre-emption rights	Passed	98.39%	1.61%
12. Authority for market purchase of own shares	Passed	98.76%	1.24%

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 55% operated interest in the South Disouq 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 five 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.sdxenergy.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 Joint Broker) Callum Stewart Jason Grossman Ashton Clanfield Tel: [phone] Peel Hunt LLP (Joint Broker) Richard Crichton David McKeown Tel: [phone] Camarco (PR) Billy Clegg/Owen Roberts/Violet Wilson Tel: [phone]

 

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