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DJ SulNOx Group PLC Statement re planned fund raise

TIDMSNOX

RNS Number : 5777L

SulNOx Group PLC

01 May 2020

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

Further to Planned Fund Raise

(Aquis Stock Exchange: SNOX)

1(st) May 2020

Further to yesterday's announcement entitled Planned Fund Raise, the Company wishes to confirm that it intends to proceed with a placing of new ordinary to raise a minimum GBP100,000 at a price of 40 pence per share. Subscribers to the placing will also be issued one warrant for each ordinary share exercisable at 40p within three years of issue.

SulNOx is an Enterprise Investment Scheme qualifying company and qualifying subscribers would receive their EIS certificate (against their placing shares) following their investment.

Lifting of suspension.

As a result of this announcement, trading in the Company's shares will resume this morning.

Enquiries:

 
 SulNOx Group Plc :                                  info@sulnoxgroup.com 
  Nicholas Nelson, Chief Executive 
 Flagstaff, Strategic and Investor Communications 
  Tim Thompson, Fergus Mellon                          +44 (0) 207 129 1474 
                                                    ----------------------- 
 Aquis Stock Exchange Corporate Adviser: 
  Alexander David Securities Limited                   +44 (0) 20 7448 9820 
                                                    ----------------------- 
 David Scott - Corporate Finance, James Dewhurst - Corporate 
  Broking 
 

The directors take responsibility for this announcement.

About SulNOx Group Plc

SulNOx, www.sulnoxgroup.com , has developed a hydrocarbon fuels conditioning and emulsifying process which enables more efficient fuel combustion, potentially leading to reduced fuel consumption and significantly lowered emissions.

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May 01, 2020 02:00 ET (06:00 GMT)