SDX Energy Inc. Update on Potential Acquisition (4080E)
October 18 2018 - 2:30AM
UK Regulatory
TIDMSDX
RNS Number : 4080E
SDX Energy Inc.
18 October 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.
18 October 2018
SDX ENERGY INC.
("SDX" or the "Company")
Update on Potential Acquisition
SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil
and gas company, announces that, further to the announcement made
on 20 September 2018, discussions regarding its proposed
acquisition of a significant package of assets in Egypt from BP
have been terminated by mutual agreement.
As the Acquisition is no longer proceeding, the suspension of
the Company's shares from trading on AIM will be lifted from 7.30am
on 18 October 2018. The Company has also requested for the
restoration of trading on the TSX Venture Exchange.
SDX continues, in line with its stated strategy, to review and
pursue inorganic growth opportunities across its areas of
operations in North Africa.
- 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 Company's strategy 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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