SDX ENERGY PLC

AGM Information • May 22, 2020

National Storage Mechanism | Additional information

RNS Number : 7790N

SDX Energy PLC

22 May 2020

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.

22 May 2020

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 22 May 2020 all of the resolutions set out in the Company's Notice of AGM dated 27 April 2020 were duly passed on a poll with the results as stated below:

Resolutions	Outcome of vote	For %	Against %
Ordinary resolutions
1. Reports and Accounts	Passed	100.00%	0.00%
2. Directors' Remuneration Report	Passed	91.26%	8.74%
3. Re-election of Michael Edmond Doyle	Passed	100.00%	0.00%
4. Re-election of Mark Reid	Passed	100.00%	0.00%
5. Re-election of Timothy James Thornton Linacre	Passed	100.00%	0.00%
6. Re-election of David John Woodhams Mitchell	Passed	99.03%	0.97%
7. Election of Nicholas James Box	Passed	100.00%	0.00%
8. Election of Amr Al Menhali	Passed	90.43%	9.57%
b9. Election of Catherine Elizabeth Ann Stalker	Passed	100.00%	0.00%
10. Re-appointment of PricewaterhouseCoopers LLP as auditor	Passed	99.99%	0.01%
11. Authority to agree auditor's remuneration	Passed	100.00%	0.00%
12. Authority to allot shares	Passed	100.00%	0.00%
Special resolutions
13. Disapplication of pre-emption rights	Passed	100.00%	0.00%
14. Authority for market purchase of own shares	Passed	99.03%	0.97%

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 four producing assets: a 55% operated interest in the South Disouq gas field in the Nile Delta, a 50% non-operated interest in each of the North West Gemsa and West Gharib concessions, which are located onshore in the Eastern Desert, adjacent to the Gulf of Suez and a 12.75% non-operated interest in the South Ramadan concession offshore Gulf of Suez. In Morocco, SDX has a 75% working interest in the Sebou concession, 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. 

For further information:

SDX Energy Plc Mark Reid Chief Executive Officer Tel: +44 203 219 5640
Stifel Nicolaus Europe Limited (Nominated Adviser and Joint Broker) Callum Stewart Simon Mensley Ashton Clanfield Tel: +44 (0) 20 7710 7600
Cantor Fitzgerald Europe (Joint Broker) David Porter Tel: +44 (0) 207 7894 7000 Peel Hunt LLP (Joint Broker) Richard Crichton David McKeown Tel: +44 (0) 207 418 8900
Camarco (PR) Billy Clegg/Owen Roberts/Violet Wilson Tel: +44 (0) 203 757 4980

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