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SDX Energy Shareholder Nominee Michael Raynes Resigns From Board

Tue, 25th Jun 2019 14:46

(Alliance News) - Oil and gas explorer SDX Energy PLC on Tuesday reported the departure of its shareholder nominee Michael Raynes from the company's board.

Raynes left the company's board due to his resignation as chief executive of Waha Capital, a 19.5% shareholder of SDX.

Waha has informed the company that it intends to appoint a new nominee to SDX's board upon the finalisation of the appointment of Waha's new CEO in the near future.

Shares in SDX were trading 2.1% lower at 21.79 pence each on Tuesday afternoon in London.

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