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SDX Energy PLC - Result of AGM

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

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Price: 16.5

Market: AIM
Market Cap: £33.89 m
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