SDX Energy Inc. Grant of stock options to Non-Executive Directors (9717K)
13 July 2017 - 8:30PM
UK Regulatory
TIDMSDX
RNS Number : 9717K
SDX Energy Inc.
13 July 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.
13 July 2017
SDX ENERGY INC.
("SDX" or the "Company")
Grant of stock options to Non-Executive Directors
SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil
and gas company announces that it has granted stock options to
purchase up to 160,000 common shares of the Company ("Common
Shares"), to each of its Non-executive Directors.
Details of the stock options granted and the associated exercise
prices, being the share price at the close of trading on the TSX
Venture Exchange in Toronto and the AIM Market in London on July
12, 2017 are shown below. The stock options vest over three years
and expire on July 12, 2022.
Non-executive Options granted Exercise price
Director
--------------- ---------------- ---------------
Michael Doyle 160,000 CAD$ 0.76
--------------- ---------------- ---------------
David Mitchell 160,000 CAD$ 0.76
--------------- ---------------- ---------------
David Richards 160,000 CAD$ 0.76
--------------- ---------------- ---------------
Michael Raynes 160,000 GBP0.46
--------------- ---------------- ---------------
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. It also has a 55% operated working interest in the South
Disouq concession, located in the Nile Delta, where a gas discovery
was made by the SD-1X well in 2017. 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: +44 203 219 5640 Tel: +44 203 219 5640
Cantor Fitzgerald Europe (Nominated Adviser
& Joint Broker)
Sarah Wharry/Craig Francis
Tel: +44 207 7894 7000
GMP FirstEnergy (Joint Broker)
Jonathan Wright/David van Erp
Tel: +44 207 448 0200
Celicourt (PR)
Mark Antelme/Joanna Boon/Jimmy Lea
Tel: +44 207 520 9260
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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