Last checked at 25 Jun 2021 12:00
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 AS IT FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("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.
25 June 2021
SDX ENERGY PLC ("SDX" or the "Company")
Result of AGM
SDX Energy Plc (AIM: SDX), the MENA-focused oil and gas company, is pleased to announce that at the Annual General Meeting ("AGM") of the Company held on 25 June 2021 all of the resolutions set out in the Company's Notice of AGM and Management Information Circular dated 2 June 2021 were duly passed on a poll with the results as stated below:
Resolutions | Outcome of vote | For % | Against % |
Ordinary resolutions | |||
1. Report and Accounts | Passed | 98.76% | 1.24% |
2. Re-election of Michael Edmond Doyle | Passed | 99.96% | 0.04% |
3. Re-election of Mark Reid | Passed | 99.94% | 0.06% |
4. Re-election of Timothy James Thornton Linacre | Passed | 99.97% | 0.03% |
5. Re-election of David John Woodhams Mitchell | Passed | 98.72% | 1.28% |
6. Re-election of Nicholas James Box | Passed | 99.94% | 0.06% |
7. Re-election of Catherine Elizabeth Ann Stalker | Passed | 99.97% | 0.03% |
8. Re-appointment of PricewaterhouseCoopers LLP as auditor | Passed | 98.47% | 1.53% |
9. Authority to agree auditor's remuneration | Passed | 99.71% | 0.29% |
10. Authority to allot shares | Passed | 98.39% | 1.61% |
Special resolutions | |||
11. Disapplication of pre-emption rights | Passed | 98.39% | 1.61% |
12. Authority for market purchase of own shares | Passed | 98.76% | 1.24% |
About SDX
SDX is an international oil and gas exploration, production and development company, headquartered in London, United Kingdom, with a principal focus on MENA. In Egypt, SDX has a working interest in two producing assets: a 55% operated interest in the South Disouq 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 five development/production concessions, all situated in the Gharb Basin. The producing assets in Morocco are characterised by attractive gas prices and exceptionally low operating costs. SDX has a strong weighting of fixed price gas assets in its portfolio with low operating costs and attractive margins throughout, providing resilience in a low commodity price environment. SDX's portfolio also includes high impact exploration opportunities in both Egypt and Morocco.
For further information, please see the Company's website at www.sdxenergy.com or the Company's filed documents at www.sedar.com.
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