SulNOx Group PLC Grant of Share Options (8093A)
07 Februar 2022 - 9:29AM
UK Regulatory
TIDMSNOX
RNS Number : 8093A
SulNOx Group PLC
07 February 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMMENT) (EU EXIT) REGULATIONS
2019/310
7 February 2022
SulNOx Group Plc (the "Company" or "SulNOx")
Granting of Share Options
(Aquis Stock Exchange: SNOX)
SulNOx, the hydrocarbon fuel emulsification specialist, has
today granted share options to a number of directors, employees and
consultants. Part of these options grants are under an Enterprise
Management Incentive scheme and part under an unapproved share
option scheme. The options are being granted with exercise prices
at a premium to the previous closing mid-market price of 34 pence
for the ordinary shares of 2 pence each in the capital of the
Company ("Ordinary Shares"). The granting of these options follows
the approval by the Company's shareholders at last annual general
meeting to introduce share option arrangements.
Options over 2,649,999 Ordinary Shares have been granted with an
exercise price of 36 pence per Ordinary Share, and an expiry term
of 10 years, of which 749,999 have a vesting condition of the
Ordinary Share price being 40 pence or greater at the time of
exercise. Options over a further 500,000 Ordinary Shares have been
granted with an exercise price of 60 pence per Ordinary Share and
an expiry term of 10 years.
- Ends -
For further information please contact:
SulNOx Group plc steven.cowin@sulnoxgroup.com
Steven Cowin, Chief Financial
Officer
Allenby Capital Limited Tel: 020 3328 5656
(AQSE Corporate Adviser)
Nick Harriss / John Depasquale
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ben Richardson
------------------------------- ---------------------------------------
2 Reason for notification
------------------------------------------------------------------------
a) Position / status CEO
------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name SulNOx Group plc
------------------------------- ---------------------------------------
b) LEI 21380011EU95E93AQN91
------------------------------- ---------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------------
a) Description of Ordinary Shares of 2 pence each
the financial instrument, ISIN: GB00BJVQQP66
type of instrument
Identification
code
------------------------------- ---------------------------------------
Nature of the transaction Grant of share options
------------------------------- ---------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
36p 666,667
36p 250,000
----------
------------------------------- ---------------------------------------
d) Aggregated information 916,667
Aggregated volume 36p
Price (250,000 can only be exercised if the
Ordinary Shares are priced above 40p)
------------------------------- ---------------------------------------
e) Date of the transaction 4 February 2022
------------------------------- ---------------------------------------
f) Place of the transaction N/A
------------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Steven Cowin
------------------------------- ---------------------------------------
2 Reason for notification
------------------------------------------------------------------------
a) Position / status CFO
------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name SulNOx Group plc
------------------------------- ---------------------------------------
b) LEI 21380011EU95E93AQN91
------------------------------- ---------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------------
a) Description of Ordinary Shares of 2 pence each
the financial instrument, ISIN: GB00BJVQQP66
type of instrument
Identification
code
------------------------------- ---------------------------------------
Nature of the transaction Grant of share options
------------------------------- ---------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
36p 250,000
36p 250,000
----------
------------------------------- ---------------------------------------
d) Aggregated information 500,000
Aggregated volume 36p
Price (250,000 can only be exercised if the
Ordinary Shares are priced above 40p)
------------------------------- ---------------------------------------
e) Date of the transaction 4 February 2022
------------------------------- ---------------------------------------
f) Place of the transaction N/A
------------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Nicholas Fairfax
------------------------------- ---------------------------------------
2 Reason for notification
------------------------------------------------------------------------
a) Position / status NED
------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name SulNOx Group plc
------------------------------- ---------------------------------------
b) LEI 21380011EU95E93AQN91
------------------------------- ---------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------------
a) Description of Ordinary Shares of 2 pence each
the financial instrument, ISIN: GB00BJVQQP66
type of instrument
Identification
code
------------------------------- ---------------------------------------
Nature of the transaction Grant of share options
------------------------------- ---------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
36p 83,333
36p 83,333
----------
------------------------------- ---------------------------------------
d) Aggregated information 166,666
Aggregated volume 36p
Price (83,333 can only be exercised if the
Ordinary Shares are priced above 40p)
------------------------------- ---------------------------------------
e) Date of the transaction 4 February 2022
------------------------------- ---------------------------------------
f) Place of the transaction N/A
------------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Radu Florescu
------------------------------- ---------------------------------------
2 Reason for notification
------------------------------------------------------------------------
a) Position / status Chairman
------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name SulNOx Group plc
------------------------------- ---------------------------------------
b) LEI 21380011EU95E93AQN91
------------------------------- ---------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------------
a) Description of Ordinary Shares of 2 pence each
the financial instrument, ISIN: GB00BJVQQP66
type of instrument
Identification
code
------------------------------- ---------------------------------------
Nature of the transaction Grant of Share Options
------------------------------- ---------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
36p 166,667
36p 83,333
----------
------------------------------- ---------------------------------------
d) Aggregated information 250,000
Aggregated volume 36p
Price (83,333 can only be exercised if the
Ordinary Shares are priced above 40p)
------------------------------- ---------------------------------------
e) Date of the transaction 4 February 2022
------------------------------- ---------------------------------------
f) Place of the transaction N/A
------------------------------- ---------------------------------------
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END
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