Posting of Scheme Document
September 14 2007 - 12:44PM
UK Regulatory
RNS Number:9071D
Sondex PLC
14 September 2007
FOR IMMEDIATE RELEASE
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
14 September 2007
Recommended Cash Offer for Sondex plc ("Sondex") by Drilling and Wireline
Solutions Limited ("DWSL"), a wholly-owned subsidiary of General Electric
Company.
Posting of Scheme Document
Sondex announces that the formal documentation relating to the recommended cash
offer ("Offer") by DWSL to acquire the entire issued and to be issued share
capital of Sondex is being posted to Sondex Shareholders today. Copies of the
Scheme Document are also being sent to holders of options under the Sondex Share
Schemes for their information only. The Offer is to be implemented by way of a
scheme of arrangement under section 425 of the Companies Act.
Shareholders will receive documentation including notices convening a Court
Meeting 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, 84
Theobald's Road, London WC1X BRW. The Scheme and the Capital Reduction will also
require 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 52852200
Martin Perry
Chris Wilks
Investec (financial adviser and corporate +44 (0)20 7597 5970
broker to Sondex)
James Grace
Patrick Robb
College Hill Associates (PR adviser to Sondex) +44 (0)20 7457 2020
Nick Elwes
Paddy Blewer
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
END
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