RE: Ignis reducing. But who is taking...29 Jul 2022 12:56
Release on BB this morning:
LONDON, July 28, 2022 /CNW/ - This press release is being disseminated as
required by National Instrument 62–103 in connection with the filing of an
Early Warning Report regarding the acquisition of securities of SDX Energy plc
(the " Company ").
During the period from June 15, 2022 and July 21, 2022, Aleph Commodities Ltd.
(the " Acquiror "), acting in concert with several other parties (the " joint
actors ") acquired, through a series of acquisitions, an aggregate of
52,570,590 ordinary shares of the Company (" Ordinary Shares "), representing
approximately 25% of the issued and outstanding Ordinary Shares. The
acquisitions were made through off-market transactions that were completed
with pre-arranged parties located outside of Canada, as well as a small number
of Ordinary Shares (representing less than 0.3% of the total issued and
outstanding Ordinary Shares and less than 1.5% of the total number of Ordinary
Shares acquired by the Acquiror and joint actors) that were acquired through
the facilities of the AIM Exchange.
Immediately prior to these acquisitions, neither the Acquiror, nor any of the
joint actors held any Ordinary Shares. Upon completion of the acquisitions of
the Ordinary Shares, the Acquiror, along with the joint actors, hold and
control 25.70% of the issued and outstanding Ordinary Shares.
The Ordinary Shares were acquired for the purpose of affecting the outcome of
a shareholder vote on a proposed transaction to be voted upon at a meeting of
the shareholders of the Company to be held on July 29, 2022, at which it is
the Acquiror's intention, and the intention of the joint actors, to vote
against the proposed transaction. The Acquiror intends to engage with the
Company's management and the board of directors to explore alternative
opportunities of providing the Company with financial, commercial and
technical support to ensure the growth of the Company and its production base,
with minimal dilution. The Acquiror and the joint actors do not have any
current intentions to significantly increase or decrease their beneficial
ownership of, control or direction over, any additional securities of the
Company. The Acquiror and the joint actors, may, from time to time, and
depending on market and other conditions, acquire additional securities of the
Company, dispose of some or all of the existing or additional securities it
holds or will hold, or may continue to hold its current position, depending on
market conditions, reformulation of plans and/or relevant factors.
Sign In
Follow the stocks
