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FINWIRES

SDI Says InnoXvest Dental Takeover Scheme Becomes Effective

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SDI (ASX:SDI) said the scheme of arrangement for InnoXvest Dental's proposed acquisition of the company for AU$1.40 per share in cash is now effective, according to a Thursday Australian bourse filing.

The company lodged an official copy of orders made by the Supreme Court of New South Wales approving the scheme with the Australian Securities and Investments Commission.

The quotation of SDI shares on the ASX will be suspended from close of trading on Thursday. The scheme is expected to be implemented on July 6.

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