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1 Dec 2022 07:00
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.
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1 December 2022
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SDX ENERGY plc ("SDX" or the "Company")
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DIRECTORATE CHANGES
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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.Ā
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Jay brings with him over 20 years' experience of operating and leading both public and private companies in the energy and natural resources industries.
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The Company also announces that Mark Reid, currently CEO, will beĀ leaving the Company with immediate effect.
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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.
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Jay Bhattacherjee said:
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"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.
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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."
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Enquiries:
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SDX Energy plc | |
Jay Bhattacherjee, Interim Executive Chairman | Tel: + 44 (0) 203 219 5640 |
Stifel Nicolaus Europe Limited (Nominated Adviser and Broker to SDX) | |
Callum StewartĀ | Tel: +44 (0) 20 7710 7600 |
Camarco (Financial PR Adviser to SDX) | |
Owen Roberts/Violet Wilson/Billy Clegg | Tel: +44 (0) 203 757 4980 |
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About SDX
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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.
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For further information, please see the Company's website atĀ www.sdxenergygroup.comĀ or the Company's filed documents atĀ www.sedar.com.Ā
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