SDX Energy PLC Directorate Changes (1759I)
December 01 2022 - 2:00AM
UK Regulatory
TIDMSDX
RNS Number : 1759I
SDX Energy PLC
01 December 2022
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER
THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF
UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018 AS AMENDED.
1 December 2022
SDX ENERGY plc ("SDX" or the "Company")
DIRECTORATE CHANGES
SDX Energy Plc (AIM: SDX), announces the appointment of Jay
Bhattacherjee as Interim Executive Chairman and Daan Hanssen,
currently Group Financial Controller, as Interim CFO both with
immediate effect.
Jay brings with him over 20 years' experience of operating and
leading both public and private companies in the energy and natural
resources industries.
The Company also announces that Mark Reid, currently CEO, will
be leaving the Company with immediate effect.
The Board will now comprise of Jay Bhattacherjee as Interim
Executive Chairman, Tim Linacre as Senior Independent Director and
Chairman of the Audit Committee, and Krzysztof Zielicki as
Non-Executive Director and Chairman of the Remuneration
Committee.
Jay Bhattacherjee said:
"On behalf of my Board colleagues, I want to thank Mark for his
efforts leading the Company. We wish him all the best for the
future.
I am excited to take on the role as Executive Chairman, and I
look forward to working to create meaningful value both organically
and inorganically."
Enquiries:
SDX Energy plc
Jay Bhattacherjee, Interim Executive Tel: + 44 (0) 203 219 5640
Chairman
Stifel Nicolaus Europe Limited (Nominated Adviser and Broker
to SDX)
Callum Stewart Tel: +44 (0) 20 7710 7600
Camarco (Financial PR Adviser to SDX)
Owen Roberts/Violet Wilson/Billy Tel: +44 (0) 203 757 4980
Clegg
About SDX
SDX is an international energy producer headquartered in London,
United Kingdom., 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 low operating
costs.
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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END
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