TIDMSDX

RNS Number : 8832Z

SDX Energy Inc.

23 May 2019

23 May 2019

SDX ENERGY INC.

("SDX" or the "Company")

Director/PDMR Shareholding

SDX Energy Inc. (TSXV, AIM: SDX), the North Africa-focused oil and gas company announces that on 21 May 2019 Michael Doyle, Non-Executive Chairman of SDX, purchased 100,000 common shares and David Mitchell, Director of SDX, purchased 97,500 common shares in the Company at average prices of CAD$0.4128 and CAD$0.41 respectively.

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                             David Mitchell 
     -------------------------------  ------------------------------- 
2    Reason for the notification 
     ---------------------------------------------------------------- 
a)   Position/status                  Director 
     -------------------------------  ------------------------------- 
b)   Initial notification             Initial notification 
      /Amendment 
     -------------------------------  ------------------------------- 
3    Details of the issuer 
     ---------------------------------------------------------------- 
a)   Name                             SDX Energy Inc 
     -------------------------------  ------------------------------- 
b)   LEI                              2138009ONR2QHPDVRF95 
     -------------------------------  ------------------------------- 
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    Common shares of no par value 
      Identification Code               CA78410A1075 
     -------------------------------  ------------------------------- 
c)   Nature of the transaction        Acquisition 
     -------------------------------  ------------------------------- 
c)   Price(s) and volume(s)           Price(s)   Volume(s) 
                                       CAD$0.41   97,500 
                                                  --------- 
     -------------------------------  ------------------------------- 
d)   Aggregated information           Price(s)   Volume(s) 
      - Aggregated volume -            CAD$0.41   97,500 
      Price                                       --------- 
     -------------------------------  ------------------------------- 
e)   Date of the transaction          21 May 2019 
     -------------------------------  ------------------------------- 
f)   Place of the transaction         XTSX 
     -------------------------------  ------------------------------- 
 
 
1    Details of the person discharging managerial responsibilities 
      / person closely associated 
a)   Name                             Michael Doyle (through beneficially owned 
                                       company CanPetro International Limited) 
     -------------------------------  ----------------------------------------- 
2    Reason for the notification 
     -------------------------------------------------------------------------- 
a)   Position/status                  Non-Executive Chairman 
     -------------------------------  ----------------------------------------- 
b)   Initial notification             Initial notification 
      /Amendment 
     -------------------------------  ----------------------------------------- 
3    Details of the issuer 
     -------------------------------------------------------------------------- 
a)   Name                             SDX Energy Inc 
     -------------------------------  ----------------------------------------- 
b)   LEI                              2138009ONR2QHPDVRF95 
     -------------------------------  ----------------------------------------- 
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    Common shares of no par value 
      Identification Code               CA78410A1075 
     -------------------------------  ----------------------------------------- 
c)   Nature of the transaction        Acquisition 
     -------------------------------  ----------------------------------------- 
c)   Price(s) and volume(s)           Price(s)     Volume(s) 
                                       CAD$0.4128   100,000 
                                                    --------- 
     -------------------------------  ----------------------------------------- 
d)   Aggregated information           Price(s)     Volume(s) 
      - Aggregated volume -            CAD$0.4128   100,000 
      Price                                         --------- 
     -------------------------------  ----------------------------------------- 
e)   Date of the transaction          21 May 2019 
     -------------------------------  ----------------------------------------- 
f)   Place of the transaction         XTSX 
     -------------------------------  ----------------------------------------- 
 

For further information:

 
 SDX Energy Inc. 
  Mark Reid 
  Chief Financial Officer and Interim Chief Executive Officer 
  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 
  Tel: +44 207 7894 7000 
 GMP FirstEnergy (Joint Broker) 
  Jonathan Wright 
  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.

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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