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On 22 December 2025, Sulnox Group PLC announced the exercise of 1,449,276 warrants at 29 pence per share, raising £420,290.04. Constantine Logothetis exercised 869,565 warrants and Nistadgruppen AS exercised 434,783 warrants. The new ordinary shares are expected to be admitted to the AQSE Growth Market on 31 December 2025, resulting in 135,868,477 total voting rights, with Constantine Logothetis holding 27.75% and Nistadgruppen AS holding 13.85%.
| Date | 22 Dec 2025 |
| Time | 07:00:08 |
| Category | Miscellaneous |
| ID | 3742M |
22 December 2025
Sulnox Group Plc
(the "Company" or "Sulnox")
Exercise of Warrants
Holdings in the Company
Total Voting Rights
(Aquis Stock Exchange: SNOX)
Sulnox, the greentech company delivering lower fuel costs and emissions with zero capex, is pleased to announce the exercise of 1,449,276 warrants (the "Warrants") issued as part of the fundraising announced on 22 December 2023. The Warrants are being exercised at a price of 29 pence per new ordinary share of 2 pence each ("Ordinary Shares"). The £420,290.04 received from the exercise of the Warrants will be used for general working capital purposes.
869,565 of the Warrants have been exercised by Constantine Logothetis and 434,783 by Nistadgruppen AS ("Nistad"), both of whom are substantial existing shareholders in the Company.
The new Ordinary Shares will be allotted under the Company's existing unspent share issue authorities and are expected to be admitted to trading on the AQSE Growth Market on 31 December 2025 ("Admission").
Holdings in the Company
Following Admission, the percentage of Ordinary Shares held by significant shareholders will be, to the best of the knowledge of the Company, as follows:
|
Shareholder |
Current Ordinary Shares Held |
% of Current Ordinary Shares Held |
|
|
|
|
|
Constantine Logothetis * |
37,701,548 |
27.75% |
|
Nistadgruppen AS |
18,817,997 |
13.85% |
|
James Redman Jr. |
8,659,200 |
6.37% |
|
Richard Leggatt |
6,807,500 |
5.01% |
|
Unicorn Asset Management |
6,264,779 |
4.61% |
|
EPS Ventures Pte Ltd |
5,144,491 |
3.79% |
|
Angela Bravo ** |
4,314,398 |
3.18% |
* This includes shares held by Tergeo Ltd, Arrowcove Ltd and Kambos SA in which Constantine Logothetis holds a majority interest.
** This includes shares owned by Sungold Escrow Nominees Ltd, a company controlled by Ms Bravo.
Total Voting Rights
On Admission, the Company will have 135,868,477 Ordinary Shares in issue, each with one voting right. The Company does not hold any shares in treasury and therefore the total number of voting rights in the Company is 135,868,477. This figure should be used by shareholders from Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
ENDS
For further information please contact:
|
Sulnox Group plc Alex Judd, Head of Marketing & Communications |
|
|
Allenby Capital Limited (AQSE Corporate Adviser) Nick Harriss / John Depasquale (Corporate Finance) Amrit Nahal (Equity Sales) |
Tel: 020 3328 5656 |