SDX Energy re-domiciles Canada company under SDX UK

SDX Energy announced on Tuesday it has completed a re-domiciliation transaction under a statutory plan of arrangement, under which SDX UK has become the ultimate parent company of SDX Canada and its subsidiaries.

The AIM-traded firm said that under the arrangement, among other things, SDX UK acquired all of the issued and outstanding common shares in the capital of SDX Canada in exchange for new ordinary shares in SDX UK, on a one-for-one basis.

“As a result of the arrangement, SDX Canada has become a wholly-owned subsidiary of SDX UK,” the board confirmed in its statement.

The SDX Canada shares were delisted from the TSX Venture Exchange at close of business on 24 May.

“The SDX Canada shares will be cancelled from trading on the AIM market of the London Stock Exchange prior to the SDX UK shares being admitted to trading on AIM, which is expected to occur at 0800 BST on 28 May,” the company’s directors said on Tuesday morning.