SulNOx Group PLC Holding(s) in Company - Major New Shareholder (3629E)
29 Giugno 2023 - 8:00AM
UK Regulatory
TIDMSNOX
RNS Number : 3629E
SulNOx Group PLC
29 June 2023
29 June 2023
SulNOx Group Plc (the "Company" or "SulNOx")
New Major Shareholder
(Aquis Stock Exchange: SNOX)
The board of directors of the Company (the "Board") is pleased
to announce that yesterday, following a series of off-market
transactions, Tergeo Limited ("Tergeo") has become a major
shareholder with a holding of 10,000,000 ordinary shares of 2 pence
each ("Ordinary Shares"), equivalent to 9.89% of the current issued
Ordinary Share capital of the Company.
Tergeo is an entity incorporated in the United Kingdom to hold
the interest in SulNOx on behalf of Mr Constantine Logothetis. Mr
Logothetis is the Chairman of Alithea Capital a private family
office based in London. He is also a board member of the Libra
Group and Chairman of the Advisory Board of Gravity Private Wealth.
Previously, Mr Logothetis was the founding Executive Vice Chairman
of the Libra Group where he served for close to 20 years.
Mr Logothetis's total holding in SulNOx, including his new
interest held through Tergeo, is now 10.88% of the current issued
Ordinary Share capital of the Company.
Commenting on the new major shareholding, Radu Florescu,
Chairman of SulNOx, said:
"I am delighted to welcome Mr Logothetis and Tergeo as a
significant shareholder in SulNOx. Mr Logothetis brings a wealth of
experience in target sectors highly relevant for SulNOx, as well as
an extensive network of potential clients and investors. The
Company now has a cornerstone shareholder who is ready to bring
further financial and commercial resources to support our growth
aspirations and unlock the true potential of our products. I am
very excited about the opportunities for growth that Tergeo's
investment presents and Iook forward to updating shareholders on
progress towards these in the near future."
Mr Logothetis added:
"We are excited to be able to bring long term financial and
commercial support to SulNOx and help drive the next phase of the
company's development. We aim to leverage our world-wide network
particularly in energy and shipping, to grow SulNOx's revenues,
investor base, brand, and market presence.
At a time when the world is becoming increasingly focused on the
climate crisis and promoting sustainability, SulNOx provides users
with considerable cost savings alongside emissions reductions,
making its offer attractive to a myriad of industries with no
viable opportunities to transition in the short term.
The capabilities of the SulNOx range of products are now
beginning to generate larger, repeat revenues and together we will
be able to capitalise on these opportunities faster ."
- Ends -
For further information please contact:
SulNOx Group plc Tel: 07624 491 821
Steven Cowin, CFO
Allenby Capital Limited Tel: 020 3328 5656
(AQSE Corporate Adviser)
Nick Harriss / John Depasquale
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