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.
LONDON, Feb. 7, 2020 /CNW/ - SDX Energy Plc (AIM: SDX),
the MENA-focused oil and gas company, is pleased to announce the
appointment of Catherine Stalker as
independent non-executive Director effective 6 February 2020.
Ms. Stalker is an experienced non-executive director and
consultant to the boards of FTSE companies, public sector bodies,
regulators, pension funds and not-for-profits. She started her
career at the Bank of England in
1991. From 1995-2007, she worked at PwC in Moscow and Berlin, heading the HR consulting
practice. She is currently a partner at Independent Audit
Limited, a leading board evaluation firm with offices in
London, Brussels and Dublin. She sits on the
boards of two subsidiaries of DTEK, a Dutch energy company with
vertically integrated assets in Ukraine. She is also a
non-executive director on the Board of the Ukrainian retail bank,
PUMB.
Ms. Stalker holds an MSc from the London
School of Economics in International Political Economy and a
BA (Honours) from Heriot Watt
University in Russian and French.
Michael Doyle Non-Executive Chairman of SDX said:
"Following an extensive process, I am delighted that
Catherine has joined the Board as an independent non-executive
Director. Her experience on Boards and in the fields of
governance and energy will be invaluable to us as we drive the
business forward in what is due to be a particularly busy year with
the drill bit."
AIM Rule Disclosures
In relation to the appointment to the board, there is no further
information required to be disclosed pursuant to paragraph (g) of
Schedule 2 of the AIM Rules for Companies save what is disclosed
below.
Catherine Elizabeth Ann Stalker,
aged 51, has held the following directorships and/or partnerships
in the past five years:
Current
Directorships/Partnerships
|
Previous
Directorships/Partnerships
|
Independent Audit
Ltd
|
None
|
DTEK Energy,
BV
|
|
V.T.T.L.
Limited
|
|
Image Hut
Ltd
|
|
First Ukrainian
International Bank ("PUMB")
|
|
DTEK Gris,
BV
|
|
Ms. Stalker owns no ordinary shares in the Company ahead of
appointment.
There are no further disclosures required to be made pursuant to
Schedule 2 paragraph (g) of the AIM Rules.
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 three producing assets. In the South
Disouq gas field in the Nile Delta, the Company is operator and has
a 55% working interest. In the Eastern Desert, adjacent to the Gulf
of Suez, the Company has two non-operated oil interests; 50% in
North West Gemsa and 50% in Meseda. In Morocco, SDX has a 75%
working interest in the Sebou concession, situated in the Gharb
Basin. These producing gas assets in Morocco are characterised by exceptionally low
operating costs and fixed price gas contracts making them
particularly resilient in a low oil 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.sdxenergy.com or the Company's filed documents at
www.sedar.com.
SOURCE SDX Energy Plc