SDX Energy Inc. PDMR Dealing (2763H)

TIDMSDX

RNS Number : 2763H

SDX Energy Inc.

06 June 2017

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.

6 June 2017

SDX ENERGY INC.

("SDX" or the "Company")

PDMR Dealing

SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, was notified that Michael Raynes, a Non-Executive Director of the Company, purchased 32,002 Common Shares of SDX Energy Inc on behalf of his daughters on January 31, 2017.

Notification form

 
 1     Details of PDMR / person closely associated 
        with them ("PCA") 
----  -------------------------------------------------------------------------------------- 
 (a)   Name                             Michael Raynes 
----  -------------------------------  ----------------------------------------------------- 
 (b)   Position/status                  Director 
                                         Dealing on behalf of daughters, 
                                         Evelyn, Charlotte and Elisabeth 
                                         Raynes, persons closely 
                                         associated with Michael 
                                         Raynes. 
----  -------------------------------  ----------------------------------------------------- 
 (c)   Initial notification/amendment   Initial 
----  -------------------------------  ----------------------------------------------------- 
 2     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                      Common Shares of SDX Energy 
        of the financial                 Inc 
        instrument 
----  -------------------------------  ----------------------------------------------------- 
 (b)   Nature of the                    Purchase of shares 
        transaction 
----  -------------------------------  ----------------------------------------------------- 
 (c)   Price(s) and                                    Price(s)                   Volume(s) 
        volume(s)                        -------------------------  ------------------------ 
                                                        GBP0.3824                  10,653 
                                         -------------------------  ------------------------ 
                                                        GBP0.381                   10,693 
                                         -------------------------  ------------------------ 
                                                        GBP0.3823                  10,656 
                                         -------------------------  ------------------------ 
----  -------------------------------  ----------------------------------------------------- 
 (d)   Aggregated information            32,002 Shares 
        Aggregated volume                 GBP0.3819 
        Price 
----  -------------------------------  ----------------------------------------------------- 
 (e)   Date of the                      2017-01-31 
        transaction 
----  -------------------------------  ----------------------------------------------------- 
 (f)   Place of the                     London Stock Exchange - 
        transaction                      AIM (XLON) 
----  -------------------------------  ----------------------------------------------------- 
 

About SDX

SDX is an international oil and gas exploration, production and development company, headquartered in London, England, UK, with a principal focus on North Africa. In Egypt, SDX has a working interest in two producing assets (50% North West Gemsa & 50% Meseda) located onshore in the Eastern Desert, adjacent to the Gulf of Suez. In Morocco, SDX has a 75% working interest in the Sebou concession situated in the Rharb Basin. These producing assets are characterised by exceptionally low operating costs making them particularly resilient in a low oil price environment. SDX's portfolio also includes high impact exploration opportunities in both Egypt and Morocco.

For further information, please see the website of the Company at www.sdxenergy.com or the Company's filed documents at www.sedar.com.

For further information:

 
 SDX Energy Inc. 
  Paul Welch 
  President and Chief     Mark Reid 
  Executive Officer        Chief Financial Officer 
  Tel: [phone]    Tel: [phone] 
 Cantor Fitzgerald Europe (Nominated Adviser 
  & Joint Broker) 
  Sarah Wharry/Craig Francis 
  Tel: [phone] 
 GMP FirstEnergy (Joint Broker) 
  Jonathan Wright/David van Erp 
  Tel: [phone] 
 Celicourt (PR) 
  Mark Antelme/Joanna Boon/Jimmy Lea 
  Tel: [phone] 
 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 06, 2017 05:30 ET (09:30 GMT)