Last checked at 13 Jul 2017 07:00
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.
13 July 2017
SDX ENERGY INC.
("SDX" or the "Company")
PDMR Dealing
SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company was notified that;
· Paul Welch, Chief Executive Officer and Director purchased 85,000 Common Shares of SDX Energy Inc. on July 12, 2017; and
· David Vernon Richards, Non-executive Director purchased 5,469 and 7,000 Common Shares of SDX Energy Inc. respectively on July 10 and July 11, 2017
Notification Form
1 | Details of PDMR / person closely associated with them ("PCA") | |||||||||
(a) | Name | Paul Michael Welch | ||||||||
(b) | Position/status | Chief Executive Officer/Director | ||||||||
(c) | Initial notification/amendment | Initial | ||||||||
2 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||
(a) | Description of the financial instrument | Common Shares of SDX Energy Inc | ||||||||
(b) | Nature of the transaction | Purchase of Shares | ||||||||
(c) | Price(s) and volume(s) |
| ||||||||
(d) | Aggregated information Aggregated volume Price |
85,000 Shares £0.4482 | ||||||||
(e) | Date of the transaction | 2017-07-12 | ||||||||
(f) | Place of the transaction | London Stock Exchange - AIM (XLON) | ||||||||
Notification Form
1 | Details of PDMR / person closely associated with them ("PCA") | |||||||||
(a) | Name | David Vernon Richards | ||||||||
(b) | Position/status | Non-Executive Director | ||||||||
(c) | Initial notification/amendment | Initial | ||||||||
2 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||
(a) | Description of the financial instrument | Common Shares of SDX Energy Inc | ||||||||
(b) | Nature of the transaction | Purchase of Shares | ||||||||
(c) | Price(s) and volume(s) |
| ||||||||
(d) | Aggregated information Aggregated volume Price |
12,469 Shares CAD 0.7219 | ||||||||
(e) | Date of the transaction | 2017-07-10 (5,469 shares) and 2017-07-11 (7,000 shares) | ||||||||
(f) | Place of the transaction | Toronto Stock Exchange - TSXV (XTSX) | ||||||||
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. It also has a 55% operated working interest in the South Disouq concession, located in the Nile Delta, where a gas discovery was made by the SD-1X well in 2017. 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 Officer Tel: +44 203 219 5640
| Mark Reid Chief Financial Officer Tel: +44 203 219 5640
|
Cantor Fitzgerald Europe (Nominated Adviser & Joint Broker) Sarah Wharry/Craig Francis Tel: +44 207 7894 7000
| |
GMP FirstEnergy (Joint Broker) Jonathan Wright/David van Erp Tel: +44 207 448 0200
| |
Celicourt (PR) Mark Antelme/Joanna Boon/Jimmy Lea Tel: +44 207 520 9260
| |
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.