SulNOx Group PLC Holding(s) in Company (5383E)

TIDMSNOX

RNS Number : 5383E

SulNOx Group PLC

30 June 2023

30 June 2023

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

Holdings in the Company

(Aquis Stock Exchange: SNOX)

The board of directors of the Company (the "Board") has been notified that following the series of off-market transactions (the "Transactions"), certain of which were announced yesterday, the following significant holdings of the Company's ordinary shares of 2 pence each ("Ordinary Shares") have changed:

 
 Name                      Previously         Previous       Current      Current % 
                     notified holding    % of Ordinary      notified    of Ordinary 
                          of Ordinary         Shares *    holding of       Shares * 
                               Shares                       Ordinary 
                                                              Shares 
 Stephen Bamford            8,564,200            7.95%     8,064,200          7.49% 
                   ------------------  ---------------  ------------  ------------- 
 James Redman 
  Jr.                       7,459,200            6.93%     6,959,200          6.46% 
                   ------------------  ---------------  ------------  ------------- 
 Richard Leggatt            7,307,500            6.78%     6,807,500          6.32% 
                   ------------------  ---------------  ------------  ------------- 
 RemNOx Ltd **              6,060,000            5.63%           Nil            Nil 
                   ------------------  ---------------  ------------  ------------- 
 Gary Bostock               4,173,258            3.87%     3,512,316          3.26% 
                   ------------------  ---------------  ------------  ------------- 
 

* The percentage shareholdings are calculated to include the issues of new shares announced yesterday, which will admit to trading on the AQSE Growth Market on 5 July 2023 and 6 July 2023.

** Sungold Escrow Nominees Ltd ("Sungold") holds 96% of the ordinary share capital of RemNOx Ltd ("RemNOx"); Sungold is controlled by Angela Bravo. The option agreements over 24,000,000 Ordinary Shares, previously set out in the Company's announcement of 4 April 2023 (the "Option Agreements"), have been cancelled by mutual consent among the parties. Following the Transactions and the cancellation of the Option Agreements, Ms Bravo has confirmed that she has an interest in 1,920,200 Ordinary Shares and has control over the voting rights of a further 2,298,810 Ordinary Shares, a total of 4,218,800 voting rights. This is equivalent to 3.92% of the total voting rights.

Angela Bravo, Director of RemNOx, commented, "Together with several SulNOx founder shareholders, some of whom had provided RemNOx with share options, we have facilitated the sale of a total of circa 10% of the Ordinary Shares of SulNOx to a new, important strategic investor. RemNOx believes the new investor is well qualified and, in a position, to help accelerate SulNOx's reputation and market penetration, which will substantially benefit all SulNOx's shareholders, employees, option holders, ISOs and Introducers. And most importantly, help SulNOx technologies to have a significant impact in the fight against climate change. RemNOx will continue to be a dedicated independent sales organisation for all SulNOx products."

- 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 
 

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June 30, 2023 03:33 ET (07:33 GMT)