SDX Energy Regulatory News (SDX)

25 Oct 2007 16:52

Sondex PLC25 October 2007 Sondex PLC 25 October 2007 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO ORFROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THERELEVANT LAWS IN THAT JURISDICTION Sondex PLC ("Sondex") Sondex announces that the Court has now sanctioned the Scheme of Arrangementimplementing the recommended cash offer by Drilling and Wireline SolutionsLimited for Sondex and confirmed the reduction of its capital. The Court has also authorised that on 26 October 2007 Sondex be re-registered asa private limited company. The Court's order will be filed at Companies House on 26 October 2007, at whichtime the Scheme will be effective. Sondex confirms that it has made an application to the UK Listing Authority forthe cancellation of the listing of its ordinary shares of 10 pence each,effective 8:00am on 26 October 2007. Application is also being made to theLondon Stock Exchange for the cessation of trading in the ordinary shares of 10pence each, 8:00am on 26 October 2007. Sondex will make a further announcement when the Scheme has become effective andits shares have ceased to be listed and trading on the Official List of theLondon Stock Exchange. The International Securities Identification Number (ISIN) for Sondex's ordinaryshares is GB0033047100. Capitalised terms used but not defined have the same meanings as set out in the Scheme document. Enquiries: Sondex +44(0)1252 852200Martin PerryChris Wilks Investec (financial adviser and corporate broker to Sondex) +44 (0)207 597 5970James Grace Patrick Robb Investec, which is authorised and regulated in the United Kingdom by theFinancial Services Authority, is acting exclusively for Sondex and no-one elsein connection with the Offer and will not be responsible to anyone other than Sondex for providing the protections afforded to clients of Investec or forproviding advice in relation to the Offer. This information is provided by RNS The company news service from the London Stock Exchange