SulNOx Group PLC Grant of Share Options (9764Z)

TIDMSNOX

RNS Number : 9764Z

SulNOx Group PLC

17 January 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310

17 January 2024

SulNOx Group Plc (the "Company" or "SulNOx")

Granting of Share Options

(Aquis Stock Exchange: SNOX)

The board of directors of the Company (the "Board") announces that it yesterday 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. A total of 2,666,667 options (the "Options") have been granted for ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares"), all with a 10-year life.

2,166,667 of the Options have been granted with an exercise price of 36.0p, a small premium to the average price at which the Ordinary Shares traded yesterday of 32.9 pence (the "36p Options"). The 36p Options are subject to various vesting conditions, with 933,333 vesting at a 40p market price at the time of exercise, 983,334 vesting at a 50p market price at the time of exercise, and 250,000 at a 60p market price at the time of exercise. 850,000 also include certain time related vesting conditions.

The remaining 500,000 of the Options have been granted with an exercise price of 60 pence per Ordinary Share, with no conditionality.

- Ends -

For further information please contact:

 
 SulNOx Group plc                  Tel: [phone] 
  Steven Cowin, CFO 
 
 Allenby Capital Limited           Tel: [phone] 
  (AQSE Corporate Adviser) 
  Nick Harriss / John Depasquale 
 
 
 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, 
       type of instrument               ISIN: GB00BJVQQP66 
       Identification 
       code 
     -------------------------------  --------------------------------------------- 
      Nature of the transaction        Grant of share options, subject to a 
                                        market price of 50p at the time of exercise 
     -------------------------------  --------------------------------------------- 
 c)   Price(s) and volumes(s)           Price(s)   Volume(s) 
                                         36p        283,334 
                                                   ---------- 
     -------------------------------  --------------------------------------------- 
 d)   Aggregated information           N/A 
       Aggregated volume 
       Price 
     -------------------------------  --------------------------------------------- 
 e)   Date of the transaction          16 January 2024 
     -------------------------------  --------------------------------------------- 
 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, 
       type of instrument               ISIN: GB00BJVQQP66 
       Identification 
       code 
     -------------------------------  --------------------------------------------- 
      Nature of the transaction        Grant of share options, subject to a 
                                        market price of 50p at the time of exercise 
     -------------------------------  --------------------------------------------- 
 c)   Price(s) and volumes(s)           Price(s)   Volume(s) 
                                         36p        200,000 
                                                   ---------- 
     -------------------------------  --------------------------------------------- 
 d)   Aggregated information           N/A 
       Aggregated volume 
       Price 
     -------------------------------  --------------------------------------------- 
 e)   Date of the transaction          16 January 2024 
     -------------------------------  --------------------------------------------- 
 f)   Place of the transaction         N/A 
     -------------------------------  --------------------------------------------- 
 

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END

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January 17, 2024 02:00 ET (07:00 GMT)