SulNOx Group PLC First Quarter Trading Update & Exercise of Options (6458H)
31 Luglio 2023 - 8:00AM
UK Regulatory
TIDMSNOX
RNS Number : 6458H
SulNOx Group PLC
31 July 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310
31 July 2023
SulNOx Group Plc (the "Company" or "SulNOx")
First Quarter Trading Update
Exercise of Share Options
Total Voting Rights
(Aquis Stock Exchange: SNOX)
First Quarter Trading Update
The board of the directors of the Company (the "Board")
announces the following trading update:
-- Unaudited 1Q24 revenues of GBP82,197 (4Q23 - GBP82,546 / 1Q23 - GBP32,899).
-- Q1 2024 has seen static revenues but considerable progress in
business development that we expect to bear fruit in the rest of
the financial year.
-- Continued progress in cost-reduction.
-- Unaudited cash balance of GBP839,137 as at 30 June 2023
(GBP522,872 as at 31 March 2023) following new strategic
investment.
Exercise of Share Options
The Company has issued 100,000 new ordinary shares of 2 pence
each ("Ordinary Shares") following the exercise of share options by
a previous director at an exercise price of 2 pence per Ordinary
Share. 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 3 August 2023 ("Admission").
On Admission, the Company will have 107,811,393 Ordinary Shares
in issue, each with one voting right.
Total Voting Rights
SulNOx announces that the Company's issued share capital as at
the date of this announcement comprises 107,711,393 ordinary shares
of 2 pence each with one voting right per share ("Ordinary
Shares"). The Company does not hold any shares in treasury and
therefore the total number of Ordinary Shares with voting rights in
the Company is 107,711,393. This does not include the shares yet to
be admitted to trading following the Exercise of Share Options
notified above.
The above figure of 107,711,393 may be used by shareholders 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 share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
- 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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END
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