SDX Energy Inc. Directorate Change (7524K)
September 26 2016 - 2:01AM
UK Regulatory
TIDMSDX
RNS Number : 7524K
SDX Energy Inc.
26 September 2016
SDX ENERGY INC
("SDX" or the "Company")
DIRECTORATE CHANGE
SDX Energy Inc. (TSXV, AIM: SDX), the Egypt focused oil and gas
company, is pleased to welcome Michael Raynes, Non-Executive
Director, and Mark Reid, Chief Financial Officer, to the Board of
Directors (the "Board").
Paul Moase and Barrie Wright, formerly Non-Executive Directors,
will retire from the Board with immediate effect and the Company
thanks them both for their extremely valuable service during their
directorships.
Michael Raynes
Michael Raynes is the Managing Partner of MEA Energy Advisory UK
LLP, an Energy focussed investment advisory partnership, and a
Director of MEA Energy Investment Company Limited. MEA Energy
Investment Company Limited is a significant shareholder in SDX
Energy Inc. Previously he was the Chief Operating Officer of Waha
Capital with responsibility for all investing activity including
Sales & Trading, Private Equity, Infrastructure, Real Estate
and Energy. He brings with him an intricate understanding of
investing in the Middle East and North Africa and has established a
strong track record of adding value to businesses and generating
strong returns for investors. Prior to Michael's role at Waha
Capital, he was a Senior Investment Banker with Barclays Capital in
London.
Mark Reid
A Chartered Accountant, Mark Reid spent his early career working
with Ernst & Young Corporate Finance and BNP Paribas Fortis,
where he spent seven years as an investment banker focused on Oil
and Gas in Emerging Markets. Most recently Mark was Finance
Director at Chariot Oil & Gas PLC and Aurelian Oil and Gas PLC
where he had significant exposure to M&A transactions and the
equity and debt capital markets. Mark was appointed Chief Financial
Officer of SDX Energy Inc. on November 13, 2015.
Michael Doyle, Non-Executive Chairman of SDX Energy,
commented:
"I would like to thank Paul Moase and Barrie Wright for their
significant contribution to SDX. We are extremely pleased to
welcome Michael Raynes and Mark Reid to the Board of SDX.
Collectively they bring a wealth of experience across finance, the
oil and gas sector and the region. They join the Board at an
exciting stage in SDX's corporate development as we carry out
important work-streams across our portfolio of exploration,
development and production assets in Egypt. I am confident that
their expertise will prove extremely valuable as we look to further
grow the business."
About SDX
SDX is an international oil and gas exploration, production and
development company, headquartered in London, England, UK, with a
principal focus on Egypt. In Egypt, SDX has an interest in two
production concessions: North West Gemsa and West Gharib (Meseda)
both located in the Eastern Desert. SDX's portfolio also consists
of South Ramadan, a development asset in the Gulf of Suez and South
Disouq, an exploration asset in the Nile Delta. For further
information, please see the website of the Company at
www.sdxenergy.com or the Company's filed documents at
www.sedar.com.
Further information disclosed pursuant to AIM Rule 17 and
Schedule 2(g)
Director Current Directorships Past Directorships
(within the past
5 years)
------------- ------------------------------ ---------------------
Michael MEA Energy Investment
John Raynes Company Limited
aged 46 MENA Infrastructure
Fund
------------- ------------------------------ ---------------------
Mark Reid Sea Dragon Energy Chariot Oil & Gas
aged 48 (UK) Limited Statistics Limited
Sea Dragon Coöperatieve Aurelian Oil & Gas
U.A. Limited
Sea Dragon Energy AOG Finance Limited
Holdings B.V. Balkan Explorers
Sea Dragon Energy (Bulgaria) Limited
(GOS) B.V.
Sea Dragon Energy
(NW Gemsa) B.V.
Sea Dragon Energy
(Nile) B.V.
SDX Energy Investments
(UK) Limited
Sea Dragon Energy
Holding Ltd (BVI)
National Petroleum
Company Shukheir Marine
Ltd. (BVI)
National Petroleum
Company South Ramadan
Ltd. (BVI)
------------- ------------------------------ ---------------------
Mark Reid is beneficially interested in 172,500 common shares in
SDX and also has 400,000 options to subscribe for common shares at
CAD$0.63 per share. Subject to certain performance criteria, these
options vest 1/3 equally on November 30, 2015, 2016 and 2017 and
must be exercised by November 30, 2020.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the
publication of this announcement via Regulatory Information Service
("RIS"), this inside information is now considered to be in the
public domain.
For further information:
SDX Energy Inc.
Paul Welch
President and Chief Executive Mark Reid
Officer Chief Financial Officer
Tel: +44 203 219 5640 Tel: +44 203 219 5640
Cantor Fitzgerald Europe
(Nominated Adviser &
Joint Broker)
Sarah Wharry/Craig Francis
Tel: +44 207 7894 7000
FirstEnergy Capital LLP
(Joint Broker)
Jonathan Wright/David
van Erp
Tel: +44 207 448 0200
Celicourt (PR)
Mark Antelme/ Joanna
Boon
Tel: +44 207 520 9260
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOASEEFMIFMSESU
(END) Dow Jones Newswires
September 26, 2016 02:01 ET (06:01 GMT)
Sdx Energy (LSE:SDX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Sdx Energy (LSE:SDX)
Historical Stock Chart
From Jul 2023 to Jul 2024
