SDX Energy shareholders approve delisting from AIM

LONDON - SDX Energy PLC, an oil and gas exploration company, announced today that its shareholders have voted to approve the delisting of the company’s ordinary shares from the AIM market of the London Stock Exchange (LON:). The decision was reached during a General Meeting held on Friday, where a significant majority supported the transition to a private limited company.

The poll results indicated that 82.85% of votes were cast in favor of the delisting, with 17.15% against. A similar majority was seen in the vote to re-register as a private limited company, with 82.87% for and 17.13% against the motion. According to the company's statement, the shareholder turnout was robust, with more than half participating in the vote.

Jay Bhattacherjee, the Independent (LON:) Non-Executive Chairman of SDX, expressed satisfaction with the outcome, stating that the strong shareholder support reflects a clear consensus for the company’s strategic shift. He noted that the company is looking forward to pursuing new opportunities as a private entity.

Following the shareholder approval, the company’s ordinary shares are scheduled to be delisted from AIM on February 3, 2025, making January 31, 2025, the last day for trading the shares on the market.

SDX Energy specializes in oil and gas exploration, with operations that have been publicly traded until now. The move to go private marks a significant change in the company’s corporate structure and strategy. The information regarding the General Meeting and its outcomes is based on a press release statement from the company.

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