REG - SDX Energy PLC - Secondary Trading Following Cancellation

SDX EnergyAnnouncement

29/01/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250129:nRSc0314Va&default-theme=true

RNS Number : 0314V  SDX Energy PLC  29 January 2025

 

29 January 2025

 

SDX ENERGY PLC ("SDX" or the "Company")

SECONDARY TRADING FOLLOWING CANCELLATION

 

SDX announces details of the secondary market trading facility that will be in
place following the cancellation of trading on AIM of its Ordinary shares
("Cancellation"), following approval by shareholders at the General Meeting
held on 24 January 2025. The last day of dealings in Ordinary Shares on AIM is
expected to be 31 January 2025 and the Cancellation will take effect from 7.00
a.m. on 3 February 2025.

 

The Company has now appointed Asset Match (www.assetmatch.com
(https://www.assetmatch.com/) ) to facilitate trading in the Ordinary Shares
following Cancellation. Asset Match, a firm authorised and regulated by the
Financial Conduct Authority (FRN 579310), will operate an electronic
off-market dealing facility for the Ordinary Shares. This facility will allow
existing holders of Ordinary Shares in the Company ("Shareholders") and new
investors to trade Ordinary Shares by matching buyers and sellers through
periodic auctions.

 

New investors and Shareholders are encouraged to register on
www.assetmatch.com (http://www.assetmatch.com) and add SDX to their
'Watchlist' to continue to receive Company updates and auction/price
information. Please note the SDX page on the Asset Match website will go live
on 3 February 2025.

 

The secondary market trading facility is expected to operate for a minimum of
12 months after the Cancellation. The Directors' current intention is that it
will continue beyond that time, but Shareholders should note that it could be
withdrawn and therefore inhibit the ability to trade the Ordinary Shares.

 

The Asset Match trading facility operates under its own code of practice which
governs the behaviour of participants and the running of the periodic
auctions. Asset Match operates an open auction system where volumes of bids
and offers at different prices are displayed on its website together with the
closing date of the auction. At the end of each auction period, Asset Match
passes this information through a non-discretionary algorithm that determines
a "market-derived" share price based on supply and demand and allocates
transactions accordingly. Bids and offers may be made and withdrawn at any
time before the closing date of each auction.

 

Shareholders will continue to be able to hold their shares in uncertificated
form in CREST and should check with their existing stockbroker whether they
are willing or able to trade in unquoted shares via Asset Match. Shareholders
wishing to trade shares through Asset Match must do so through a stockbroker.
A comprehensive list of stockbrokers who have signed up to access the Asset
Match platform is available on request.

 

Full details will be made available to Shareholders on the Company's website
at www.sdxenergygroup.com (http://www.sdxenergygroup.com) . Shareholders and
investors may contact Asset Match in relation to any queries regarding trading
via the secondary market trading facility by emailing dealing@assetmatch.com
(mailto:dealing@assetmatch.com) .

 

For further information:

 SDX Energy Plc

 Daniel Gould, Chief Executive Officer

 William McAvock, Chief Financial Officer

 Tel: +44 (0) 20 3219 5640

 Shore Capital (Nominated Adviser and Broker)

 Toby Gibbs/Harry Davies-Ball

 Tel: +44 (0) 20 7408 4090

 Asset Match Limited

 Ben Weaver

 Tel: +44 (0) 20 7248 2788

About SDX

For further information, please see the Company's website at
www.sdxenergygroup.com (http://www.sdxenergygroup.com) or the Company's filed
documents at www.sedar.com (http://www.sedar.com) .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCFFFLLLVITFIE