SulNOx Group PLC Commencement of Trading on OTCQB Venture Market (8671R)
08 Juli 2022 - 1:00PM
UK Regulatory
TIDMSNOX
RNS Number : 8671R
SulNOx Group PLC
08 July 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310
8 July 2022
SulNOx Group Plc (the "Company" or "SulNOx")
Commencement of Trading on OTCQB Venture Market
(Aquis Stock Exchange: SNOX)
SulNOx, the fuel decarbonisation specialists, is pleased to
announce that the Company's ordinary shares of 2 pence each
("Ordinary Shares") will commence dealing on the OTCQB Venture
Market cross-trading facility in the United States (the "OTCQB")
with effect from today. The OTCQB ticker for the Ordinary Shares is
"SNOXF".
The OTCQB is designed to allow developing international
companies to be publicly traded in the United States. The Company
believes that having its Ordinary Shares traded on the OTCQB is a
cost-effective solution which will provide enhanced investor
benefits, including easier trading access for investors located in
the US, and greater liquidity due to a broader geographic pool of
potential investors. A market maker will be appointed in the US to
support the trading on the OTCQB.
The OTCQB is recognised as an "Established Public Market" by the
U.S. Securities and Exchange Commission (the "SEC"). The OTCQB is a
leading market for US and international companies in the
entrepreneurial and development stage. Trading on the OTCQB will
have no impact on the trading of SulNOx's Ordinary Shares on AQSE
Growth Market and no new Ordinary Shares will be issued as part of
the cross-trading facility.
SulNOx will continue to rely on the announcements and
disclosures it makes to the Aquis Stock Exchange and will have no
Sarbanes-Oxley or SEC reporting requirements.
Ben Richardson, Chief Executive of SulNOx, said: "We are
delighted to announce our acceptance on to the OTCQB market, and
that as of today, US investors can add our stock to their
portfolio. With the continued immense use of fossil fuels globally,
and the US market now beginning to hear of our innovative products
and their ability to provide an immediate positive impact on both
emissions and fuel economy, our listing on the OTCQB underpins our
commitment to growth within the US market. No matter what we read
daily in the press, unfortunately fossil fuels will remain in use
for decades to come, and we provide an immediate positive impact to
the ESG goals of firms using liquid hydrocarbon fuels, and we look
forward to having US investors join us for the journey."
- Ends -
For further information please contact:
SulNOx Group plc steven.cowin@sulnoxgroup.com
Steven Cowin, Director
Allenby Capital Limited Tel: 020 3328 5656
(AQSE Corporate Adviser)
Nick Harriss / John Depasquale
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END
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