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SNOX SulNOx Group Plc

0.00 (0.0%)
07 Dec 2023 - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
SulNOx Group Plc AQSE:SNOX Aquis Stock Exchange Ordinary Share GB00BJVQQP66
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 26.00 238 15:29:56
Bid Price Offer Price High Price Low Price Open Price
24.00 27.00 26.80 25.50 26.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Last Trade Time Trade Type Trade Size Trade Price Currency
10:27:56 238 26.80 GBX

SulNOx (SNOX) Latest News

SulNOx (SNOX) Discussions and Chat

SulNOx Forums and Chat

Date Time Title Posts
09/10/202306:34SulNOx - fuel additives to decarbonise the world21

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SulNOx (SNOX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-12-07 10:27:5626.8023863.78O

SulNOx (SNOX) Top Chat Posts

Top Posts
Posted at 09/10/2023 06:34 by strollingmolby
Another good client win, with an initial $45k contract value.

Spring Marine Adopts SulNOx in their Fleet

The board of directors of SulNOx (the "Board") is extremely pleased to announce that Spring Marine Group ("Spring") will adopt SulNOx products in their fleet to reduce fuel consumption and emissions.

Spring Marine (hxxps:// operates a fleet of Tankers and Bulk Carriers and represents SulNOx's latest client in the globally important, and highly influential, Greek maritime sector. The initial order is for approximately US$45k.

Captain George Chondronikolas, General Manager of Spring Marine commented, "At Spring, we make a point of having a constant commitment to adopting the latest technologies to minimise fossil fuel consumption and reduce the environmental impact of our business. Our vision includes adopting innovative green tech solutions like SulNOx for the continuous, incremental improvements required of our vessels to meet regulatory expectations and improve the service we offer our customers."

Ben Richardson of SulNOx added, "We are extremely impressed by the forward-thinking management and technical teams at Spring. They instantly understood our unique, green chemistry and how the adoption of the SulNOx products will reduce fuel costs along with the CO2 reductions demanded by the imminent Carbon Intensity Indicator (CII) regulatory requirements. Also, looking beyond existing regulation, how SulNOx's huge impact in reducing particulate matter, (black carbon emissions - acknowledged as being 3,200 times more potent in their contribution to climate change than CO2) is a key indicator of improved combustion and therein reduced fuel consumption demonstrated on other vessels. We look forward to working with the Spring Team."
Posted at 29/6/2023 16:58 by strollingmolby
And Constantine Logothetis also exercises his option to buy a further 3,765,300 shares at 10p each, to take him to 16.3% of SNOX.
Posted at 29/6/2023 16:53 by strollingmolby
Nice to see a new cornerstone investor with links to the shipping industry jump onboard, and at not much of a discount at 9.5p.

Libra board member becomes major shareholder in greentech firm

Tergeo Limited has become a major shareholder in greentech company SulNOx following a series of off-market transactions.

Tergeo Limited now has a holding of 10,000,000 ordinary shares of 2 pence each, which is equivalent to 9.89% of the current issued ordinary share capital in SulNOx.

The company is an entity incorporated in the United Kingdom to hold the interest in SulNOx on behalf of Constantine Logothetis, the chairman of London-based Alithea Capital.

He is also a board member of the George Logothetis-run Libra Group, which runs Lomar Shipping, and the chairman of the Advisory Board of Gravity Private Wealth. He was previously the founding executive vice chairman of the Libra Group where he served for close to 20 years.

Logothetis’ total holding in SulNOx, including his new interest held through Tergeo, is now 10.88% of the company’s current issued ordinary share capital.

“I am delighted to welcome Mr Logothetis and Tergeo as a significant shareholder in SulNOx. The company now has a cornerstone shareholder who is ready to bring further financial and commercial resources to support our growth aspirations and unlock the true potential of our products,” Radu Florescu, chairman of SulNOx, said.

“We aim to leverage our worldwide network, particularly in energy and shipping, to grow SulNOx’s revenues, investor base, brand, and market presence,” Constantine Logothetis added.
Posted at 15/6/2023 16:00 by strollingmolby
More good news with a US patent to follow the EU one:

US Patent Granted

The board of the directors of the Company (the "Board") is pleased to announce that SulNOx has now secured a US patent that covers a range of formulation versions which includes both the BerolĀ® 6446 Heavy Fuel Oils (HFO) emulsifiers and SulNOxEco™ Fuel Conditioners which enhance all diesel, petrol/gasoline and biofuels, Very and Ultra Low Sulphur Fuel Oils (VLSFO/ULSFO) and other lighter marine fuels. This follows the granting of the patent by the European Patent Organisation, announced on 19 April 2023.

Radu Florescu, SulNOx Chairman added, "Given the level of liquid hydrocarbon usage, the scale of the opportunity in North America has always made it a core target market, with the decision to have SulNOx shares trading on the US OTC market a reflection of this. The granting of the US patent will allow SulNOx to pursue revenue opportunities with even greater vigour, knowing the product is unique and extremely effective at reducing emissions and fuel consumption."

Jimmy Redman, the named inventor in the patent documents and Managing Director of SulNOx Fuel Fusions Limited stated, "The granting of this US Patent, following closely on the granting of the European Patent, adds greatly to the size of the global market that SulNOx now has covered. This also confirms that the uniqueness of the products is recognised in two of the largest global markets. We look forward to the granting of other applications around the world following in due course.

The US is significant, where California and in particular CARB (California Air Resources Board) are leaders in the fight to reduce the impact on air quality caused in no small part by Greenhouse Gases and Black Carbon/Particulate Matter pollution from the burning of fossil fuels.

The US is the largest contributor to global transport emissions and the recent announcement of remarkable reductions in Black Carbon/Particulate Matter and inferred significant reduction in fuel consumption reported by third party Green Sea Guard B.V. is well timed to add validation and provide added impetus to efforts to expand sales into this important market. In addition, the formulation using Berol 6446, can add significant value in the treatment of waste oil across ports, particularly those in the US, which are ranked amongst the largest in the world."

US EPA registration has been completed for SulNOxEco™ Fuel Conditioner. Certificates and reports from Bureau Veritas, Lloyd's Register and VPS state that fuel with appropriate dosage continues to meet ASTM D975 (diesel), D4814 (gasoline) and ISO8217 (marine) fuel standards for the US.

Manufacturer Nouryon (part of US based Carlyle Group) has multiple production facilities across North America to service growth in demand.
Posted at 25/4/2023 11:54 by strollingmolby
I wonder what has gone on behind the scenes to prompt this EGM request to oust Ben Richardson and Radu Florescu?

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.
Posted at 13/2/2023 11:25 by strollingmolby
Interesting developments last week with two announcements from RemNOx, a distributor of SulNOx products and started by former SulNOx directors.

First, RemNOx director, Angela Bravo, who incorporated SulNOx group in 2013, transferred 6,060,000 shares to RemNOx Ltd.

A second announcement on Friday was what really piques the interest however, where RemNOx reported that, in addition to the 6,060,000 shares from the first announcement, has entered into option agreements with four former SulNOx directors to acquire their shares totalling 24,080,000 at a price of 30p in a short window between 6-28 February. If fully exercised this would take RemNOx's holding to 29.89%, clearly a blocking stake for anyone else taking an interest in SNOX, and maybe an indication that they've seen how strong the sales have been in Q4'22 and the start of Q1'23?
SulNOx share price data is direct from the London Stock Exchange

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