02:00 Mon 28 Sep 2020
SDX Energy PLC - Issue of Equity

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.
SDX ENERGY PLC
("SDX" or the "Company")
Issue of Equity
SDX Energy Plc (AIM: SDX), the MENA-focused oil and gas company, announces that it has agreed to issue a total of 655,028 Ordinary Shares of
The issue of the Ordinary Shares has been approved by the Board of Directors to further align the Executive Directors and other employees with the Company's shareholder base, as well as satisfying the Company's objective of preserving its cash balance in the current economic environment. These shares will be issued, conditional upon Admission, at a price of
A total of 308,925 shares have been issued to the Executive Directors, as detailed below:
Name | Ordinary Shares Issued | Total Interest in Ordinary Shares |
| 231,694 | 692,897 |
| 77,231 | 97,261 |
Subject to customary exemptions, these shares will be subject to hold periods of up to three years, with a third being released annually.
Total Voting Rights
SDX has applied to the London Stock Exchange for 655,028 new Ordinary Shares (the "New Ordinary Shares") to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on
About SDX
SDX is an international oil and gas exploration, production and development company, headquartered in
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 Chief Executive Officer Tel: +44 203 219 5640
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Stifel Nicolaus Europe Limited (Nominated Adviser and Joint Broker) Simon Mensley Tel: +44 (0) 207 710 7600
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Peel Hunt LLP (Joint Broker) Tel: +44 (0) 207 418 8900
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Camarco (PR) Tel: +44 (0) 203 757 4980 |
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | | ||||
2 | Reason for the notification | |||||
a) | Position/status | CEO | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer | |||||
a) | Name | SDX Energy PLC | ||||
b) | LEI | 213800ALYZJ5JN26DY75 | ||||
4 | 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, type of instrument Identification Code |
Ordinary shares of GBP GB00BJ5JNL69 | ||||
b) | Nature of the transaction | Issue of Ordinary shares in lieu of cash bonus | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | | ||||
f) | Place of the transaction | XOFF |
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | | ||||
2 | Reason for the notification | |||||
a) | Position/status | CFO | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer | |||||
a) | Name | SDX Energy PLC | ||||
b) | LEI | 213800ALYZJ5JN26DY75 | ||||
4 | 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, type of instrument Identification Code |
Ordinary shares of GBP GB00BJ5JNL69 | ||||
b) | Nature of the transaction | Issue of Ordinary shares in lieu of cash bonus | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | | ||||
f) | Place of the transaction | XOFF |
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