SulNOx Group PLC Option Agreements (1524J)
December 18 2020 - 3:45AM
UK Regulatory
TIDMSNOX
RNS Number : 1524J
SulNOx Group PLC
18 December 2020
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014. The directors take
responsibility for this announcement.
18 December 2020
SulNOx Group Plc (the "Company" or "SulNOx")
Option Agreements
(Aquis Stock Exchange: SNOX)
The board of the directors of the Company (the "Board") has been
informed that several shareholders have entered into option
agreements (the "Option Agreements") in respect of the Company's
ordinary shares of 2 pence each ("Ordinary Shares"). Such
shareholders had been subject to 12-month lock-in agreements with
the Company following the initial admission of the Ordinary Shares
to trading on the Access segment of the AQSE Growth Market ("AQSE"
- previously the NEX Exchange Growth Market) on 17 December 2019,
and such lock-in arrangements have now expired. The Option
Agreements have been entered into with a single counterparty,
Rigworld Group Ltd. ("Rigworld"), part of the Rigworld Group with
whom the Company announced it had entered a Collaboration Agreement
on 9 December 2020.
The Option Agreements give Rigworld the option to purchase a
total of 20,000,004 Ordinary Shares at a price of 40 pence per
Ordinary Share between 20 December 2020 and 31 March 2021. If fully
exercised, this would result in Rigworld owning approximately 23.42
per cent of the Company's issued Ordinary Shares. No premiums were
paid under the Option Agreements.
A number of the shareholders entering into the Option Agreements
have disclosable holdings under the Disclosure Guidance &
Transparency Rules and are Significant Shareholders under the AQSE
rules. An updated list of Significant Shareholders is as
follows:
Significant Shareholder Ordinary % of Ordinary Ordinary % of Ordinary
Shares Held Shares Held Shares Under Shares Under
the Option the Option
Agreements Agreements
Nistad Group AS 12,500,000 14.64% 0 0.00%
------------- -------------- -------------- --------------
Stephen Bamford 9,125,000 10.69% 3,333,334 3.90%
------------- -------------- -------------- --------------
James Redman Jr. 7,500,000 8.78% 3,333,334 3.90%
------------- -------------- -------------- --------------
Richard Leggatt 7,170,000 8.40% 3,333,334 3.90%
------------- -------------- -------------- --------------
Rodney Weinberg 6,597,661 7.73% 2,000,000 2.34%
------------- -------------- -------------- --------------
Angela Bravo * 6,018,735 7.05% 3,333,334 3.90%
------------- -------------- -------------- --------------
Gary Bostock 5,054,058 5.92% 3,333,334 3.90%
------------- -------------- -------------- --------------
Beverley Shortt 2,875,000 3.37% 0 0.00%
------------- -------------- -------------- --------------
* Ms Bravo's holding includes 4,077,735 Ordinary Shares in the
name of Sungold Escrow Nominees Ltd, a company she controls, which
has entered into the Option Agreement, and 1,240,000 Ordinary
Shares she holds as bare trustee for her non-adult daughter .
Ben Richardson, a Director of the Company, who holds 1,000,000
Ordinary Shares jointly with his wife (approximately 1.17 per cent
of the Ordinary Shares), has entered an Option Agreement over
250,000 Ordinary Shares (approximately 0.29 per cent of the
Ordinary Shares). The PDMR disclosure is below.
Details of the original lock-in agreements can be found in the
Company's AQSE Admission Document, a copy of which can be viewed on
the Company's website at https://sulnoxgroup.com/investors/
Enquiries:
SulNOx Group Plc
Tony Granger, Non-Executive tony.granger@sulnoxgroupplc.com
Chairman
Media and Investors :
Flagstaff Strategic and Investor sulnox@flagstaffcomms.com
Communications 020 7129 1474
Tim Thompson / Fergus Mellon
----------------------------------
AQSE Corporate Adviser :
Allenby Capital Limited
Nick Harriss / John Depasquale
/ James Hornigold 020 3328 5656
----------------------------------
Notifications and public disclosure of transactions by persons discharging managerial responsibilities
("PDMR") and persons closely associated ("PCA") with them.
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Ben Richardson
2 Reason for the notification
a) Position/status Director
b) Initial notification /Amendment Initial
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 the financial instrument, type of instrument
Identification code Ordinary shares of 2p each
ISIN: GB00BJVQQP66
b) Nature of the transaction Granting of Option
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.40 250,000
----------
d) Aggregated information
- Aggregated volume Not applicable - single transaction
- Price
e) Date of the transaction 17 December 2020
f) Place of the transaction Off Market
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END
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