SDX Energy Inc. Issue of Equity and Total Voting Rights (5342Z)
December 15 2017 - 7:22AM
UK Regulatory
TIDMSDX
RNS Number : 5342Z
SDX Energy Inc.
15 December 2017
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.
SDX ENERGY INC
("SDX" or the "Company")
Issue of Equity and Total Voting Rights
On 11 December 2017, an employee of the Company exercised $0.36
options (granted under the Canadian Stock option plan) over a total
of 33,332 Common Shares of no par value in the share capital of the
Company ("Common Shares").
SDX has applied to the London Stock Exchange for 33,332 new
Common Shares (the "New Common Shares") to be admitted to trading
on AIM ("Admission").
It is expected that Admission will become effective on 19
December 2017. 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
204,493,040 Common Shares. The Company does not hold any Common
Shares in treasury. Therefore the total number of voting rights in
the Company will be 204,493,040.
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 FSA's Disclosure and
Transparency Rules.
-Ends-
About SDX
SDX is an international oil and gas exploration, production and
development company, headquartered in London, England, UK, with a
principal focus on North Africa. In Egypt, SDX Energy 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. In Morocco, SDX has a 75% working interest in the Sebou
concession situated in the Gharb Basin. These producing assets are
characterised by exceptionally low operating costs making them
particularly resilient in a low oil price environment. SDX Energy's
portfolio also includes three high impact exploration
opportunities, South Disouq in Egypt and Lalla Mimouna and Gharb
Centre in Morocco.
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)
Sarah Wharry
Tel: +44 207 894 7000
GMP FirstEnergy (Joint
Broker)
Jonathan Wright/David
van Erp
Tel: +44 207 448 0200
Celicourt (PR)
Mark Antelme/Jimmy Lea
Tel: +44 207 520 9260
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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