SulNOx Group PLC Exercise of Share Options & Holding in the Company (4365E)
29 Giugno 2023 - 4:45PM
UK Regulatory
TIDMSNOX
RNS Number : 4365E
SulNOx Group PLC
29 June 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310
29 June 2023
SulNOx Group Plc (the "Company" or "SulNOx")
Exercise of Share Options
Holding in the Company
(Aquis Stock Exchange: SNOX)
The board of directors of the Company (the "Board") is pleased
to announce that Tergeo Limited, a company controlled by
Constantine Logothetis, has exercised the options notified earlier
today to subscribe for 3,765,300 new ordinary shares of 2 pence
each ("Ordinary Shares") at a price of 10 pence per share (the "New
Shares"), raising GBP376,530. It is expected that the proceeds will
be utilised for general working capital purposes.
Following the issue of the New Shares, including Ordinary Shares
already held by Tergeo Limited, Mr Logothetis will have an interest
in a total of 17,569,854 Ordinary Shares, equivalent to 16.31% of
the Ordinary Shares, as enlarged by the New Shares.
The New Shares to be allotted will utilise SulNOx's existing
unspent share issue authorities and are expected to be admitted to
trading on the AQSE Growth Market on 6 July 2023 ("Admission"). On
Admission, the Company will have 107,711,393 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 107,711,393. 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.
- 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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END
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June 29, 2023 10:45 ET (14:45 GMT)
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