SDX Energy Inc. Issue of Equity and Total Voting Rights (2341F)

TIDMSDX

RNS Number : 2341F

SDX Energy Inc.

26 October 2018

26 October 2018

SDX ENERGY INC.

("SDX" or the "Company")

Issue of Equity and Total Voting Rights

On 23 October 2018, an employee of the Company exercised 16,668 options (granted under the Canadian Stock option plan) over a total of 16,668 Common Shares of no par value in the share capital of the Company ("Common Shares").

SDX has applied to the London Stock Exchange for 16,668 new Common Shares (the "New Common Shares") to be admitted to trading on AIM ("Admission").

It is expected that Admission will become effective on 29 October 2018. The New Common Shares will rank pari passu in all respects with the existing issued Common Shares.

Following Admission, the Company's issued share capital will be 204,723,041 Common Shares. The Company does not hold any Common Shares in treasury. Therefore the total number of voting rights in the Company will be 204,723,041.

Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

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About SDX

SDX is an international oil and gas exploration, production and development company, headquartered in London, 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. It also has a 55% operated working interest in the South Disouq concession in the Nile Delta area, which consists of development, appraisal and exploration assets. In Morocco, SDX has multiple assets in the northern Gharb basin with a 75% operated working interest in Sebou, a producing concession, along with exploration and appraisal assets in its Gharb Centre and Lalla Mimouna concessions (75% operated working interests in both concessions).

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 Executive      Mark Reid 
  Officer                             Chief Financial Officer 
  Tel: [phone]               Tel: [phone] 
 Stifel Nicolaus Europe Limited (Nominated Adviser and Joint 
  Broker) 
  Callum Stewart/Nicholas Rhodes/Ashton Clanfield 
  Tel: [phone] 
 Cantor Fitzgerald Europe (Joint Broker) 
  David Porter/Nick Tulloch 
  Tel: [phone] 
 GMP FirstEnergy (Joint Broker) 
  Jonathan Wright/David van Erp 
  Tel: [phone] 
 
  Celicourt (PR) 
  Mark Antelme/Jimmy Lea/Ollie Mills 
  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 announcement does not contain inside information.

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 [e-mail] or visit www.rns.com.

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October 26, 2018 02:00 ET (06:00 GMT)