SulNOx Group PLC Requisition of General Meeting (1229Y)
05 September 2020 - 12:50AM
UK Regulatory
TIDMSNOX
RNS Number : 1229Y
SulNOx Group PLC
04 September 2020
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
4 September 2020
SulNOx Group Plc (the "Company" or "SulNOx")
Requisition of General Meeting
(Aquis Stock Exchange: SNOX)
Further to the announcement of 2 September 2020, the board of
directors of the Company (the "Board") announces that it has today
received a letter of requisition ("Requisition") to call a general
meeting of the Company ("GM") dated 3 September 2020 from two of
its shareholders: Sungold Escrow Nominees Limited and James Redman
Junior (the "Requisitioners").
The Requisitioners collectively hold 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 a shareholder resolution to remove Nicholas Nelson
as a director of 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 removal of Nicholas
Nelson as a director is in the interests of the Company or its
shareholders as a whole.
Shareholders are advised to take no action at this time.
Enquiries:
SulNOx Group Plc
Nicholas Nelson, Chief Executive sulnox@flagstaffcomms.com
Media and Investors :
Flagstaff Strategic and Investor sulnox@flagstaffcomms.com
Communications 020 7129 1474
Tim Thompson / Fergus Mellon
----------------------------
AQSE Corporate Adviser :
Allenby Capital Limited
John Depasquale / Nick Harriss /
James Hornigold 020 3328 5656
----------------------------
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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END
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