Last checked at 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.
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 Chairman | Tel: + 44 (0) 203 219 5640 |
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 Clegg | Tel: +44 (0) 203 757 4980 |
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.