SulNOx Group PLC Board Changes and Suspension of Trading of Shares (9847C)
23 October 2020 - 5:00PM
UK Regulatory
TIDMSNOX
RNS Number : 9847C
SulNOx Group PLC
23 October 2020
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014. The directors take
responsibility for this announcement.
23 October 2020
SulNOx Group Plc (the "Company" or "SulNOx")
Board Changes and Suspension of Trading of Shares
(Aquis Stock Exchange: SNOX)
The Company announces the following corporate updates:
Board Changes
The Company announces that yesterday, 22 October 2020, it
received a notice of resignation from Majken Korsgaard,
non-executive director, effective immediately.
The Company also announces that Graham Lyon, non-executive
chairman, will resign with immediate effect upon completion of the
Annual General Meeting to be held at 12:00 today ("AGM").
Following the above resignations, and in order to ensure the
Company remains in compliance with the requirements of the UK
Companies Act 2006, which requires a public limited company to have
at least two directors, the Board has agreed to appoint Nicholas
Nelson as an executive director with effect from today. Mr Nelson
is currently the Group Chief Executive Officer and was an executive
director until 21 September 2020.
Suspension in trading on AQSE Growth market
As a result of the above board changes, the Company will no
longer be in compliance with Rule 65 of the AQSE Growth Market
Rules for Issuers, which requires an Issuer to have at least one
independent non-executive director. The Company's ordinary shares
of 2 pence each ("Ordinary Shares") will therefore be suspended
from trading on the AQSE Growth Market prior to market opening.
The Company will make a further update following the AGM.
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.
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END
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