SulNOx Group PLC Requisition of General Meeting (3585X)
25 April 2023 - 8:00AM
UK Regulatory
TIDMSNOX
RNS Number : 3585X
SulNOx Group PLC
25 April 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310
25 April 2023
SulNOx Group Plc (the "Company" or "SulNOx")
Requisition of General Meeting
(Aquis Stock Exchange: SNOX)
The board of the directors of the Company (the "Board")
yesterday received a letter of requisition ("Requisition") to call
a general meeting of the Company ("GM") dated 24 April 2023 from
its shareholder, RemNOx Limited (the "Requisitioner").
The Requisitioner holds more than 5% of the ordinary share
capital of the Company and the Requisition is in a form which
complies with section 303 of the Companies Act 2006 (the "Act"). As
a result, the directors are required to call a GM in accordance
with the Requisition.
The Requisition requires the directors of the Company to convene
a GM to consider ordinary shareholder resolutions to remove
Chairman, Radu Florescu, as a director of the Company and appoint
three new directors to the Board. In addition, the Requisition
includes a special shareholder resolution to remove CEO, Ben
Richardson, from his position with the Company. In accordance with
the Act, the Company is required to call a GM to consider this
resolution within 21 days of receipt of the Requisition and to
provide for the GM to be held not more than 28 days after the date
of the notice of such meeting.
The Board do not believe that the proposed resolutions are in
the interests of the Company or its shareholders as a whole.
Shareholders are advised to take no action at this time.
Sungold Escrow Nominees Ltd holds 96% of the ordinary share
capital of the Requisitioner and is controlled by Angela Bravo.
- 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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