SDX Energy PLC Result of AGM (8363O)

TIDMSDX

RNS Number : 8363O

SDX Energy PLC

14 June 2022

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.

14 June 2022

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

Result of AGM

SDX Energy Plc (AIM: SDX), the MENA-focused energy company, is pleased to announce that at the Annual General Meeting ("AGM") of the Company held on 14 June 2022 all of the resolutions set out in the Company's Notice of AGM and Management Information Circular dated 10 May 2022 were duly passed on a poll with the results as stated below:

 
 Resolutions                                      Outcome     For    Against 
                                                  of vote      %        % 
 Ordinary resolutions 
 1. Report and Accounts                           Passed     99.97    0.03 
                                                ----------  ------  -------- 
 2. Re-election of Michael Edmond 
  Doyle                                           Passed     98.18    1.82 
                                                ----------  ------  -------- 
 3. Re-election of Mark Reid                      Passed     96.35    3.65 
                                                ----------  ------  -------- 
 4. Re-election of Timothy James 
  Thornton Linacre                                Passed     98.20    1.80 
                                                ----------  ------  -------- 
 5. Re-e lection of Nicholas James 
  Box                                             Passed     96.35    3.65 
                                                ----------  ------  -------- 
 6. Re-e lection of Catherine Elizabeth 
  Ann Stalker                                     Passed     98.20    1.80 
                                                ----------  ------  -------- 
 7. Re-a ppointment of PricewaterhouseCoopers 
  LLP as auditor                                  Passed     98.71    1.29 
                                                ----------  ------  -------- 
 8. Authority to agree auditor's 
  remuneration                                    Passed     99.34    0.66 
                                                ----------  ------  -------- 
 9. Authority to allot shares                     Passed     88.56    11.44 
                                                ----------  ------  -------- 
 Special resolutions 
 10. Disapplication of pre-emption 
  rights                                          Passed     98.34    1.66 
                                                ----------  ------  -------- 
 11. Authority for market purchase 
  of own shares                                   Passed     99.90    0.10 
                                                ----------  ------  --------

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 36.9% operated interest in the South Disouq and Ibn Yunus gas fields and a 67.0% operated interest in the Ibn Yunus North 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 four 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.sdxenergygroup.com or the Company's filed documents at www.sedar.com .

For further information:

 
  SDX Energy Plc 
    Mark Reid 
    Chief Executive Officer 
    Tel: +44 203 219 5640 
   Stifel Nicolaus Europe Limited (Nominated Adviser and Broker) 
    Callum Stewart 
    Jason Grossman 
    Ashton Clanfield 
    Tel: +44 (0) 20 7710 7600 
   Camarco (PR) 
    Billy Clegg/Owen Roberts/Violet Wilson 
    Tel: +44 (0) 203 757 4980

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