SulNOx Group PLC First day of dealings (0534X)
17 Dezember 2019 - 8:00AM
UK Regulatory
TIDMSNOX
RNS Number : 0534X
SulNOx Group PLC
17 December 2019
SulNOx Group Plc ("SulNOx" or "Group")
First Day of Dealings
Admission to Trading on the NEX Exchange Growth Market
17(th) December 2019
SulNOx, the hydrocarbon fuel emulsification specialist, is
pleased to announce its first day of dealings on the NEX Exchange
Growth Market ("Admission") under ticker SNOX and ISIN number
GB00BJVQQP66. The Admission includes a placing which raised gross
proceeds of GBP185,000 at 50p per share.
SulNOx, has developed a hydrocarbon fuels conditioning and
emulsifying process that enables more efficient fuel combustion,
leading potentially to reduced fuel usage and significantly lowered
emissions. The Company is initially targeting high volume users of
Heavy Fuel Oil and diesel fuel.
On 30(th) April 2019 the Group announced that it had signed a
technology licence and agency agreement with Nouryon B.V., the
former speciality chemicals division of AkzoNobel. Under these
agreements, Nouryon B.V. will manufacture and distribute the
products under the Berol(R) name, whilst SulNOx will remain
entirely responsible for sales and marketing.
The Admission Document is available from the Company's website;
www.sulnoxgroup.com
Nicholas Nelson, Chief Executive, SulNOx Group Plc
commented:
"We are delighted with our Admission to the NEX Exchange today.
The increased visibility of the Company and the small placing,
augmenting an earlier pre-IPO round, will go towards financing our
marketing and sales programme for 2020.
"Our technology effectively reduces toxic emissions and fine
particulate matter as a result of improved combustion. This
improved combustion also leads to improved fuel economy and more
efficient engine operation."
Enquiries:
SulNOx Group Plc: Nicholas Nelson, Chief info@sulnoxgroup.com
Executive
NEX Exchange Corporate Adviser:
Alexander David Securities Limited
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David Scott - Corporate Finance +44 (0) 20 7448 9820
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James Dewhurst - Corporate Broking +44 (0) 20 7448 9820
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The directors take responsibility for this announcement.
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END
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