SDX Energy Inc. Issue of Equity and Total Voting Rights (5878Z)
September 03 2018 - 7:00AM
UK Regulatory
TIDMSDX
RNS Number : 5878Z
SDX Energy Inc.
03 September 2018
3 September 2018
SDX ENERGY INC.
("SDX" or the "Company")
Issue of Equity and Total Voting Rights
On 30 August 2018, a former director of the Company exercised
213,333 options (granted under the Canadian Stock option plan) over
a total of 213,333 Common Shares of no par value in the share
capital of the Company ("Common Shares"), in accordance with the
90-day post-leaving exercise period stipulated by the Canadian
Stock option plan.
SDX has applied to the London Stock Exchange for 213,333 new
Common Shares (the "New Common Shares") to be admitted to trading
on AIM ("Admission").
It is expected that Admission will become effective on 4
September 2018. The New Common Shares will, following allotment,
rank pari passu in all respects with the existing issued Common
Shares.
Following Admission, the Company's issued share capital will be
204,706,373 Common Shares. The Company does not hold any Common
Shares in treasury. Therefore the total number of voting rights in
the Company will be 204,706,373.
Shareholders may use this figure as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
share capital of the Company under the FCA's Disclosure and
Transparency Rules.
-Ends-
About SDX
SDX is an international oil and gas exploration, production and
development company, headquartered in London, UK, with a principal
focus on North Africa. In Egypt, SDX has a working interest in two
producing assets (50% North West Gemsa & 50% Meseda) located
onshore in the Eastern Desert, adjacent to the Gulf of Suez. It
also has a 55% operated working interest in the South Disouq
concession in the Nile Delta area, which consists of development,
appraisal and exploration assets. In Morocco, SDX has multiple
assets in the northern Gharb basin with a 75% operated working
interest in Sebou, a producing concession, along with exploration
and appraisal assets in its Gharb Centre and Lalla Mimouna
concessions (75% operated working interests in both
concessions).
For further information, please see the website of the Company
at www.sdxenergy.com or the Company's filed documents at
www.sedar.com.
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.
This announcement does not contain inside information.
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
STRLLFSIAAIVIIT
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