SDX Energy shareholders have approved a move of corporate headquarters to London from Calgary as part of a court-approved reorganization.
A new, UK-based company, SDX Energy PLC, will acquire shares in the former SDS Energy Inc. and apply for its shares to be traded on the London Stock Exchange.
Meanwhile, Mark Reid, chief financial officer, has become interim chief executive officer to succeed Paul Welch, who resigned as president, chief executive officer, and director.
The company has oil and gas interests in North Africa.