SDX Energy Regulatory News (SDX)

14 Sep 2007 16:44

Sondex PLC14 September 2007 FOR IMMEDIATE RELEASE 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 14 September 2007 Recommended Cash Offer for Sondex plc ("Sondex") by Drilling and WirelineSolutions Limited ("DWSL"), a wholly-owned subsidiary of General ElectricCompany. Posting of Scheme Document Sondex announces that the formal documentation relating to the recommended cashoffer ("Offer") by DWSL to acquire the entire issued and to be issued sharecapital of Sondex is being posted to Sondex Shareholders today. Copies of theScheme Document are also being sent to holders of options under the Sondex ShareSchemes for their information only. The Offer is to be implemented by way of ascheme of arrangement under section 425 of the Companies Act. Shareholders will receive documentation including notices convening a CourtMeeting and an Extraordinary General Meeting of Sondex Shareholders to approve the scheme of arrangement The anticipated timetable of principal events is as follows: Latest time for lodging Forms of Proxy for the: - Court Meeting 10.00 a.m. on 7 October 2007 - EGM 10.10 a.m. on 7 October 2007 Voting Record Time 6.00 p.m. on 7 October 2007 Court Meeting 10.00 a.m. on 9 October 2007 EGM 10.10 a.m. on 9 October 2007 Hearing and Order 25 October 2007 Last day of dealings in, and for registration of transfers of, Sondex Shares 25 October 2007 Scheme Record Time 6.00 p.m. on 25 October 2007 Filing of the Court Order sanctioning the Scheme 26 October 2007 Effective Date of the Scheme 26 October 2007 Intended date of payment 26 October 2007 Cancellation of listing of Sondex Shares 7.30 a.m. on 26 October 2007 The Court Meeting and EGM will be held at the offices of Nabarro, Lacon House, 84Theobald's Road, London WC1X BRW. The Scheme and the Capital Reduction will alsorequire the subsequent sanction and confirmation by the Court. Copies of the Scheme Document have been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at: The Financial Services Authority 25 The North Colonnade Canary Wharf London E14 5HS Capitalised terms used but not defined have the same meanings as set out in the Scheme Document. Enquiries Sondex +44(0)12 52852200Martin Perry Chris Wilks Investec (financial adviser and corporate +44 (0)20 7597 5970broker to Sondex) James Grace Patrick Robb College Hill Associates (PR adviser to Sondex) +44 (0)20 7457 2020Nick Elwes Paddy Blewer 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 thanSondex 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