TIDMSNOX
RNS Number : 9420K
SulNOx Group PLC
23 December 2022
THIS ANNOUNCEMENT, INCLUDING THE APPIX, AND THE INFORMATION
CONTAINED HEREIN (TOGETHER, THIS "ANNOUNCEMENT") IS RESTRICTED AND
IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES,
THE REPUBLIC OF IRELAND, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF
SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT
JURISDICTION.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT
CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMATION,
OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE
OR DISPOSE OF ANY SECURITIES IN SULNOX GROUP PLC OR ANY OTHER
ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT
OF ITS DISTRIBUTION, SHALL FORM THE BASIS OF, OR BE RELIED ON IN
CONNECTION WITH ANY INVESTMENT DECISION IN RESPECT OF SULNOX GROUP
PLC.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 AS IT FORMS
PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018. IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN
UK MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED
IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME
AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY UK MAR. UPON THE
PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL
THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.
SulNOx Group Plc
("SulNOx" or the "Company")
RESULT OF FUNDRAISING
SulNOx Group Plc (Aquis Stock Exchange: SNOX) is pleased to
confirm, further to the announcement made yesterday afternoon and
re-released earlier today (the "Launch Announcement") the
successful completion of the Fundraising at the Issue Price of 11.5
pence per share. The Issue Price reflects a 4.2% discount to the
Company's closing mid-market share price on 21 December 2022.
The Fundraising has raised aggregate gross proceeds of
GBP760,000 pursuant to the placing of 3,000,000 Placing Shares and
subscription for 3,608,696 Subscription Shares. Following
completion of the Fundraising, the Company's issued share capital
will comprise 100,841,539 Ordinary Shares, and the New Ordinary
Shares will represent approximately 6.55 per cent. of the Enlarged
Share Capital.
Capitalised terms used in this announcement (this
"Announcement") have the meanings given to them in the Launch
Announcement, unless the context provides otherwise.
Ben Richardson, Chief Executive Officer of SulNOx Group plc,
commented:
" Despite difficult market conditions, we are pleased to have
received institutional investor backing for SulNOx as an ESG,
energy transition company with tremendous potential from reducing
fossil fuel consumption and emissions across the globe. We are also
grateful for the strong support from existing retail and family
office shareholders.
Our largest shareholder, Nistad AS increased their holding and
will also become an introducer of SulNOx products to the
Scandinavian shipping market. We also welcome new shareholders
including an owner operator of dry cargo vessels, who intends to
evaluate SulNOx in their fleet, recognising SulNOx as an immediate,
green solution for shipping to meet ever more stringent emission
regulations, including the Carbon Intensity Indicator (CII) which
comes into effect in the new year.
Following the Fundraising SulNOx will have a runway to deliver
increasing revenues and be able to accelerate our growth plans
through 2023."
Related Party Transactions
Certain of the Company's Directors and a substantial shareholder
(as defined by the AQSE Growth Market Rules) have agreed to
subscribe for, in aggregate 913,043 New Ordinary Shares at the
Issue Price. The number of New Ordinary Shares conditionally
subscribed for by each of the Directors pursuant to the
Fundraising, and their resulting shareholdings on Admission are set
out below:
Number of
Number of Placing Number of Percentage
Director Existing Shares subscribed Ordinary of Enlarged
Ordinary for in the Shares held Share Capital
Shares Placing on Admission on Admission
------------------ ----------- ------------------- -------------- ---------------
Nicholas Fairfax 124,800 86,957 211,757 0.21%
Radu Florescu 135,166 130,434 265,600 0.26%
Nistad AS 12,500,000 695,652 13,195,652 13.08%
The above investments constitute related party transactions
under the AQSE Growth Market Rules. The Company's Directors (other
than Messrs Fairfax and Florescu), believe these transactions to be
in the best interests of the Company and that, having exercised
reasonable care, skill and diligence, the related party
transactions are fair and reasonable as far as the shareholders of
the Company are concerned.
Admission and dealings
Application will be made for the Placing Shares to be admitted
to trading on the Apex segment of the AQSE Growth Market
("Admission"). Settlement for the Placing Shares and Admission are
expected to take place on or around 8.00 a.m. on or around 5
January 2023.
Total Voting Rights
On Admission, the Company will have 100,841,539 ordinary shares
of 2 pence each ("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
100,841,539. 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.
Singer Capital Markets Securities Limited acted as sole
bookrunner in connection with the Placing. The Placing was
conducted by way of an accelerated book build process.
This Announcement should be read in its entirety. In particular,
you should read and understand the information provided in the
"Important Notices" section of this Announcement
For further information, please contact:
SulNOx Group plc Tel: 07624 491821
Steven Cowin, Director steven.cowin@sulnoxgroup.com
Singer Capital Markets Tel: 0207 496 3000
(Bookrunner)
Phil Davies / Asha Chotai
Allenby Capital Limited Tel: 020 3328 5656
(AQSE Corporate Adviser)
Nick Harriss / John Depasquale
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1. Radu Florescu
2. Nicholas Fairfax
-------------------------------- --------------------------------------
2 Reason for notification
------------------------------------------------------------------------
a) Position / status 1. Director - Non-Executive Chairman
2. Director - Non-Executive Director
-------------------------------- --------------------------------------
b) In itial notification/Amendment Initial Notification
-------------------------------- --------------------------------------
3 Details of t he issu er, e mission allow a n ce m a r
k et participan t, au ct ion plat for m, au ction eer
or auc tion monitor
------------------------------------------------------------------------
a) Name SulNOx Group plc
-------------------------------- --------------------------------------
b) LEI 21380011EU95E93AQN91
-------------------------------- --------------------------------------
4 Details of t he t ransact ion (s): section to be re p
eated for ( i) e a ch type of instr u m e n t; (ii) each
type of transac tion; (iii) each date; and ( iv) each
place w h ere transactions have b een condu cted
------------------------------------------------------------------------
a) Description of Ordinary Shares of 2 pence each
the financial
instrument, t ISIN: GB00BJVQQP66
ype of instrument
I d e ntification
code
-------------------------------- --------------------------------------
Nature of the Subscription for new ordinary
transaction shares pursuant to a placing
-------------------------------- --------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
1. 11.5p 1. 86,957
2. 11.5p 2. 130,434
------------
-------------------------------- --------------------------------------
d) Aggregated information N/A
Aggregated volume
Price
-------------------------------- --------------------------------------
e) Date of the transaction 23 December 2022
-------------------------------- --------------------------------------
f) Place of the transaction Aquis Stock Exchange
-------------------------------- --------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NEXFZMZZMFKGZZM
(END) Dow Jones Newswires
December 23, 2022 06:45 ET (11:45 GMT)
Sulnox (AQSE:SNOX)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Sulnox (AQSE:SNOX)
Historical Stock Chart
Von Jul 2023 bis Jul 2024