RNS Number : 8093A

SulNOx Group PLC

07 February 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310

7 February 2022

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

Granting of Share Options

(Aquis Stock Exchange: SNOX)

SulNOx, the hydrocarbon fuel emulsification specialist, has today 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.  The options are being granted with exercise prices at a premium to the previous closing mid-market price of 34 pence for the ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares").  The granting of these options follows the approval by the Company's shareholders at last annual general meeting to introduce share option arrangements.

Options over 2,649,999 Ordinary Shares have been granted with an exercise price of 36 pence per Ordinary Share, and an expiry term of 10 years, of which 749,999 have a vesting condition of the Ordinary Share price being 40 pence or greater at the time of exercise.  Options over a further 500,000 Ordinary Shares have been granted with an exercise price of 60 pence per Ordinary Share and an expiry term of 10 years.

- Ends -

For further information please contact:

SulNOx Group plc Steven Cowin, Chief Financial Officer	steven.cowin@sulnoxgroup.com
Allenby Capital Limited (AQSE Corporate Adviser) Nick Harriss / John Depasquale	Tel: 020 3328 5656

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ben Richardson

2

Reason for notification

a)

Position / status

CEO 

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

SulNOx Group plc

b)

LEI

21380011EU95E93AQN91

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

Nature of the transaction

Grant of share options

c)

Price(s) and volumes(s)

Price(s)	Volume(s)
36p 36p	666,667 250,000

d)

Aggregated information

Aggregated volume

Price

916,667

36p

(250,000 can only be exercised if the Ordinary Shares are priced above 40p)

e)

Date of the transaction

4 February 2022

f)

Place of the transaction

N/A

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Steven Cowin

2

Reason for notification

a)

Position / status

CFO

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

SulNOx Group plc

b)

LEI

21380011EU95E93AQN91

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

Nature of the transaction

Grant of share options

c)

Price(s) and volumes(s)

Price(s)	Volume(s)
36p 36p	250,000 250,000

d)

Aggregated information

Aggregated volume

Price

500,000

36p

(250,000 can only be exercised if the Ordinary Shares are priced above 40p)

e)

Date of the transaction

4 February 2022

f)

Place of the transaction

N/A

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nicholas Fairfax

2

Reason for notification

a)

Position / status

NED 

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

SulNOx Group plc

b)

LEI

21380011EU95E93AQN91

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

Nature of the transaction

Grant of share options

c)

Price(s) and volumes(s)

Price(s)	Volume(s)
36p 36p	83,333 83,333

d)

Aggregated information

Aggregated volume

Price

166,666

36p

(83,333 can only be exercised if the Ordinary Shares are priced above 40p)

e)

Date of the transaction

4 February 2022

f)

Place of the transaction

N/A

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Radu Florescu

2

Reason for notification

a)

Position / status

Chairman 

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

SulNOx Group plc

b)

LEI

21380011EU95E93AQN91

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

Nature of the transaction

Grant of Share Options

c)

Price(s) and volumes(s)

Price(s)	Volume(s)
36p 36p	166,667 83,333

d)

Aggregated information

Aggregated volume

Price

250,000

36p

(83,333 can only be exercised if the Ordinary Shares are priced above 40p)

e)

Date of the transaction

4 February 2022

f)

Place of the transaction

N/A

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