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| Date | 17 Jan 2024 |
| Time | 07:00:02 |
| Category | Miscellaneous |
| ID | 9764Z |
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310
17 January 2024
SulNOx Group Plc (the "Company" or "SulNOx")
Granting of Share Options
(Aquis Stock Exchange: SNOX)
The board of directors of the Company (the "Board") announces that it yesterday granted share options to a number of directors, employees and consultants. Part of these options grants are under an Enterprise Management Incentive scheme and part under an unapproved share option scheme. A total of 2,666,667 options (the "Options") have been granted for ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares"), all with a 10-year life.
2,166,667 of the Options have been granted with an exercise price of 36.0p, a small premium to the average price at which the Ordinary Shares traded yesterday of 32.9 pence (the "36p Options"). The 36p Options are subject to various vesting conditions, with 933,333 vesting at a 40p market price at the time of exercise, 983,334 vesting at a 50p market price at the time of exercise, and 250,000 at a 60p market price at the time of exercise. 850,000 also include certain time related vesting conditions.
The remaining 500,000 of the Options have been granted with an exercise price of 60 pence per Ordinary Share, with no conditionality.
- Ends -
For further information please contact:
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SulNOx Group plc
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Tel: 07624 491 821 |
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Allenby Capital Limited (AQSE Corporate Adviser) Nick Harriss / John Depasquale |
Tel: 020 3328 5656 |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Nicholas Fairfax
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2 |
Reason for notification |
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a) |
Position / status |
NED |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
SulNOx Group plc |
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b) |
LEI |
21380011EU95E93AQN91 |
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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 |
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a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 2 pence each
ISIN: GB00BJVQQP66
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Nature of the transaction |
Grant of share options, subject to a market price of 50p at the time of exercise
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c) |
Price(s) and volumes(s) |
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d) |
Aggregated information Aggregated volume Price |
N/A |
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e) |
Date of the transaction |
16 January 2024 |
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f) |
Place of the transaction |
N/A |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Radu Florescu
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2 |
Reason for notification |
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a) |
Position / status |
Chairman |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
SulNOx Group plc |
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b) |
LEI |
21380011EU95E93AQN91 |
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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 2 pence each
ISIN: GB00BJVQQP66
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Nature of the transaction |
Grant of share options, subject to a market price of 50p at the time of exercise
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c) |
Price(s) and volumes(s) |
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d) |
Aggregated information Aggregated volume Price |
N/A |
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e) |
Date of the transaction |
16 January 2024 |
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f) |
Place of the transaction |
N/A |
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