SDX ENERGY PLC

M&A Activity • Jun 12, 2023

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RNS Number : 2943C

SDX Energy PLC

12 June 2023

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.

12th June 2023

SDX ENERGY PLC ("SDX" or the "Company")

POTENTIAL SALE OF EGYPTIAN ASSETS

The Board of SDX Energy plc (AIM:SDX) are aware of rumours concerning its Egyptian business and confirms that the Company has received multiple offers in regard to the sale of its Egyptian assets, which the Board are evaluating. Any proposed transaction would be subject to the usual conditions associated with a transaction of this nature, including but not limited to the satisfaction of a number of condition precedents such as Government and Shareholder approval.

The Company will be providing further details in due course as well as further information on the plans to return value to its shareholders via organic and inorganic growth.

For further information:

SDX Energy Plc Jay Bhattacherjee Interim Executive Chairman Tel: +44 203 219 5640
Shore Capital (Nominated Adviser and Broker) Toby Gibbs/Iain Sexton Tel: +44 (0) 20 408 4090
Camarco (PR) Billy Clegg/Owen Roberts/Violet Wilson Tel: +44 (0) 203 757 4980

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