SDX Energy Inc. Recent press speculation (4412B)
September 20 2018 - 8:52AM
UK Regulatory
TIDMSDX
RNS Number : 4412B
SDX Energy Inc.
20 September 2018
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.
20 September 2018
SDX ENERGY INC.
("SDX" or the "Company")
Recent press speculation
SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil
and gas company, notes the recent press speculation relating to the
Company.
The Board confirms that it is in discussions for the acquisition
of a significant package of assets in Egypt from BP (the
"Acquisition"). The Acquisition would constitute a reverse
take-over under Rule 14 of the AIM Rules for Companies and would be
subject to Shareholder approval.
In accordance with the AIM Rules the Company's shares have been
suspended from trading on AIM with immediate effect and will remain
suspended until an AIM admission document has been published or
until the Company confirms that the Acquisition is not proceeding.
Trading in the shares of the Company on the TSX Venture Exchange
will also be halted during such time.
A further announcement will be made as and when appropriate.
- Ends -
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
Stifel Nicolaus Europe Limited (Nominated Adviser and Joint
Broker)
Callum Stewart/Nicholas Rhodes/Ashton Clanfield
Tel: +44 (0) 20 7710 7600
Cantor Fitzgerald Europe (Joint Broker)
David Porter/Nick Tulloch
Tel: +44 207 7894 7000
GMP FirstEnergy (Joint Broker)
Jonathan Wright/David van Erp
Tel: +44 207 448 0200
Celicourt (PR)
Mark Antelme/Jimmy Lea/Ollie Mills
Tel: +44 207 520 9261
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.
Forward-Looking Information
This document contains certain statements that may constitute
"forward-looking statements" as such term is used in applicable
Canadian securities laws. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or are
not statements of historical fact should be viewed as
forward-looking statements. In particular, statements concerning
the Acquisition should be viewed as forward-looking statements. The
forward-looking statements contained in this document are based on
certain assumptions and although management of SDX consider these
assumptions to be reasonable based on information currently
available to them, undue reliance should not be placed on the
forward-looking statements because SDX can give no assurances that
they may prove to be correct. Numerous risks and uncertainties
could also cause the actual events and results to differ materially
from the estimates, beliefs and assumptions expressed or implied in
the forward-looking statements. SDX disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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September 20, 2018 08:52 ET (12:52 GMT)
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