SDX Energy PLC Director/PDMR Shareholding (6202U)
August 02 2022 - 5:51AM
UK Regulatory
TIDMSDX
RNS Number : 6202U
SDX Energy PLC
02 August 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 ("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.
2 August 2022
SDX ENERGY PLC
("SDX" or the "Company")
DIRECTOR/PDMR SHAREHOLDING
In accordance with the requirements of Article 19 of the UK
Market Abuse Regulation (Regulation (EU) 596/2014, as it forms part
of UK domestic law by virtue of the European (Withdrawal Act 2028),
the Company makes the below notification and public disclosure of
transactions by persons discharging managerial responsibilities and
persons closely associated with them.
Today, Mark Reid, Chief Executive Officer, purchased 150,000
ordinary shares in the Company at a price of GBP0.1025 per share,
and 50,000 ordinary shares in the Company at a price of GBP0.0994
per share. After settlement of these transactions, Mark will hold a
total of 892,897 ordinary shares in the Company, representing 0.44%
of the Company's issued share capital.
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) 207 710 7600
Camarco (PR)
Billy Clegg
Owen Roberts
Violet Wilson
Tel: +44 (0) 203 757 4980
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 Mark Reid
----------------------------- --------------------------------
2 Reason for the notification
---------------------------------------------------------------
a) Position/status CEO
----------------------------- --------------------------------
b) Initial notification Initial notification
/Amendment
----------------------------- --------------------------------
3 Details of the issuer
---------------------------------------------------------------
a) Name SDX Energy PLC
----------------------------- --------------------------------
b) LEI 213800ALYZJ5JN26DY75
----------------------------- --------------------------------
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 Ordinary shares of GBP GBP0.01
instrument GB00BJ5JNL69
Identification Code
----------------------------- --------------------------------
c) Nature of the transaction Acquisition
----------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.1025 150,000
---------
GBP0.0994 50,000
---------
----------------------------- --------------------------------
d) Aggregated information Price(s) Volume(s)
- Aggregated volume GBP0.1017 200,000
- Price ---------
----------------------------- --------------------------------
e) Date of the transaction 2 August 2022
----------------------------- --------------------------------
f) Place of the transaction XLON
----------------------------- --------------------------------
About SDX
SDX is an international oil and gas exploration, production, and
development company, headquartered in London, United Kingdom, with
a principal focus on EMEA. 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 .
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