SDX Energy Inc. DIRECTORATE CHANGE (9546S)
June 29 2018 - 1:01AM
UK Regulatory
TIDMSDX
RNS Number : 9546S
SDX Energy Inc.
29 June 2018
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.
29 June 2018
SDX ENERGY INC.
("SDX" or the "Company")
DIRECTORATE CHANGE
SDX Energy Inc. (TSXV, AIM: SDX), the Egypt focused oil and gas
company, is pleased to welcome Timothy Linacre, as an Independent
Non-Executive Director, to the Board of Directors (the "Board")
with immediate effect. Tim will become Chairman of the Audit
committee and join the Compensation Committee. David Richards,
Non-Executive Director and previous Chairman of the Audit
Committee, will retire from the Board also with immediate
effect.
Timothy Linacre
Tim is a Fellow of the Institute of Chartered Accountants in
England and Wales and an experienced City practitioner. After
qualifying with Deloitte Haskins and Sells he spent five years with
Hoare Govett before moving to Panmure Gordon in 1992, working at
that firm for 20 years including eight years as CEO. Tim is
currently Senior Managing Partner at Instinctif Partners, a leading
business communications firm.
During his career in the City, Tim has advised a range of
businesses in a variety of sectors, including oil and gas, from
FTSE 100 companies to fast growing listed and private
companies.
Michael Doyle, Non-Executive Chairman of SDX Energy,
commented:
"I would like to thank David Richards for his significant
contribution to SDX. We are extremely pleased to welcome Tim to the
Board as he brings a wealth of experience across finance, capital
markets and M&A, the oil and gas sector and the region. Tim
joins the Board at an exciting stage in SDX's corporate
development, as we carry out important work-streams across our
portfolio of exploration, development and production assets in
Egypt and Morocco. I am confident that his expertise will prove
extremely valuable as we look to further grow the business."
The following information is disclosed pursuant to Schedule Two
paragraph (g) of the AIM Rules for Companies:
Timothy James Thornton Linacre (aged 59) does not currently hold
any common shares with no-par value in the capital of the
Company.
Current Directorships
Frenkel Topping Group plc
Previous Directorships / Partnerships (held in the last five
years):
Siren E&P Limited
Shareproperty Limited
Tim Linacre Associates Limited
There are no other disclosures required in relation to Rule 17
or paragraph (g) of Schedule 2 of the AIM Rules for Companies.
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 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 and a 55% interest in the South Disouq appraisal and
development project in the Nile Delta. In Morocco, SDX has a 75%
working interest in the Sebou concession situated in the Rharb
Basin. These producing assets are characterised by exceptionally
low operating costs 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 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 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
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