SulNOx Group PLC New Distribution Agreement (6447W)
April 27 2021 - 2:00AM
UK Regulatory
TIDMSNOX
RNS Number : 6447W
SulNOx Group PLC
27 April 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310.
27 April 2021
SulNOx Group Plc (the "Company" or "SulNOx")
New Distribution Agreement
(Aquis Stock Exchange: SNOX)
The board of directors of the company ("the Board") is pleased
to announce that the Rigworld Solutions ("Rigworld") has agreed to
become an Independent Sales Organisation ("ISO") for the SulNOx
Group, building on the Collaboration Agreement announced on 9
December 2020.
The continent of Africa has always been a strong focus for the
SulNOx Group with its opportunities in mining, remote power
generators, road and railway transportation that must carry people,
goods and services over very large distances. We have now been
sharing plans with the team at Rigworld Solutions over the past
four months and both parties are ready to formalise this ISO
agreement.
Mr. Kofi Abban the CEO of Rigworld commented, "It is well known
that many of the heavy goods vehicles in Africa are likely to be
older than their equivalents in Western Europe. As a result,
SulNOx's state of the art proprietary technology will have an even
greater beneficial effect on emission reductions, financial savings
and reduced maintenance costs, all of which are very important
here. As the head of the Rigworld team, it is a real pleasure to
assist in bringing the "Green Revolution" to Africa for the benefit
of all our peoples."
Ben Richardson the COO of the SulNOx Group commented, "SulNOx
have known since day one that Rigworld was the perfect partner for
us in the continent of Africa. We have planned an exciting strategy
together to support industrial and manufacturing growth whilst
achieving cost and air quality benefits for all. In the big cities
of Africa, improved air quality is vital for human health and as
our partnership develops SulNOx will also look to champion various
educational and humanitarian causes - exciting times ahead!"
In accordance with the requirements of the Disclosure Guidance
and Transparency Rules ("DTR") and further to the announcement of
18 December 2020, the Company has been informed that the option
agreements entered into by several shareholders in respect of the
Company's ordinary shares of 2 pence each ("Ordinary Shares") with
Rigworld Solutions Ltd., part of the Rigworld, have now expired
unexercised leaving the significant
shareholders unchanged. No financial instruments, as defined by DTR section 5.3, are now extant.
Enquiries:
SulNOx Group Plc
Tony Granger, Non-Executive tony.granger@sulnoxgroupplc.com
Chairman
AQSE Corporate Adviser :
Allenby Capital Limited
Nick Harriss / John Depasquale 020 3328 5656
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END
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