SulNOx Group PLC Issue of Shares to Consultants & Holding in Shares (7355O)
2023年10月5日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
TIDMSNOX
RNS Number : 7355O
SulNOx Group PLC
05 October 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310
5 October 2023
SulNOx Group Plc (the "Company" or "SulNOx")
Issue of Shares to Consultants
Holding in the Company
(Aquis Stock Exchange: SNOX)
Issue of Shares to Consultants
The Company has issued the following new ordinary shares of 2
pence each ("Ordinary Shares") in settlement of invoices from
consultants:
-- 185,806 Ordinary Shares at a price of 15.5 pence per Ordinary
Share in settlement of a liability of GBP28,800.00;
-- 731,818 Ordinary Shares at a price of 11.0 pence per Ordinary
Share in settlement of a liability of GBP80,500.00; and
-- 384,258 Ordinary Shares at a price of 17.2 pence per Ordinary
Share in settlement of a liability of GBP66,234.50.
The prices of the above issues have been calculated on the
average share price for the period of time over which the services
were delivered. An application will be made to admit the new
Ordinary Shares for trading on AQSE Growth Market, which is
anticipated to occur on or around 10 October 2023
("Admission").
On Admission, the Company will have 110,113,275 Ordinary Shares
in issue, each with one voting right. The Company does not hold any
shares in treasury and therefore the total number of voting rights
in the Company is 110,113,275. This figure should be used by
shareholders from Admission as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in the Company under the
FCA's Disclosure Guidance and Transparency Rules.
Holding in the Company & Related Party Transaction
The issue of the 185,806 Ordinary Shares set out above is to
Tergeo Limited, as set out in the announcement of 27 June 2023.
Tergeo Limited is a company in which Constantine Logothetis holds a
majority interest. Mr Logothetis has a total current interest
(including indirect holdings) in 25,250,035 Ordinary Shares, 23.21%
of the current issued Ordinary Shares, as set out in the
announcement of 27 September 2023. On Admission, assuming no other
dealings since 27 September 2023, Mr Logothetis will have a total
interest (including indirect holdings) in 25,435,841 Ordinary
Shares, 23.10% of the Ordinary Shares.
As Mr Logothetis has an interest in over 10% of the Ordinary
Shares, the issue of the new Ordinary Shares to Tergeo Limited
constitutes a related party transaction under the AQSE Growth
Market (Apex Segment) Rules. The consultancy agreement with Tergeo
Limited is proving to be commercially beneficial and the settlement
of the liability through the issue of Ordinary Shares will conserve
the Company's cash resources. The directors of the Company, having
exercised reasonable care, skill and diligence, believe the issue
of new Ordinary Shares to Tergeo Limited to be fair and reasonable
as far as the shareholders of the Company are concerned.
Resignation of Subsidiary Director
The Company announces that James Redman Jr., a director of the
Company's wholly owned operating subsidiary, SulNOx Fuel Fusions
Limited, has resigned to concentrate on his other activities.
- Ends -
For further information please contact:
SulNOx Group plc steven.cowin@sulnoxgroup.com
Steven Cowin, CFO
Allenby Capital Limited Tel: 020 3328 5656
(AQSE Corporate Adviser)
Nick Harriss / John Depasquale
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October 05, 2023 02:00 ET (06:00 GMT)
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