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