Business
Exercise of Warrants
Sulnox Group PLC announced the exercise of 1,449,276 warrants at 29 pence per share, raising £420,290.04 for general working capital. Substantial shareholders Constantine Logothetis and Nistadgruppen AS exercised 869,565 and 434,783 warrants respectively. Following the allotment of new ordinary shares, expected on December 31, 2025, the total number of voting rights will be 135,868,477. Significant shareholder percentages will adjust, with Constantine Logothetis holding 27.75% and Nistadgruppen AS holding 13.85% of the enlarged share capital. Disclaimer*
About this update from Sulnox Group Plc
[{"type":"text","content":"\n\n \n22 December 2025\nSulnox Group Plc\n(the \"Company\" or \"Sulnox\")\n \nExercise of Warrants\nHoldings in the Company\nTotal Voting Rights\n \n \n(Aquis Stock Exchange: SNOX)\n \nSulnox, 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.\n \n869,565 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.\n \nThe 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\"). \n \nHoldings in the Company\n \nFollowing Admission, the percentage of Ordinary Shares held by significant shareholders will be, to the best of the knowledge of the Company, as follows:\n \n\n\n\n\nShareholder\n\n\nCurrent Ordinary Shares Held\n\n\n% of Current Ordinary Shares Held\n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\nConstantine Logothetis *\n\n\n37,701,548\n\n\n27.75%\n\n\n\n\nNistadgruppen AS\n\n\n18,817,997\n\n\n13.85%\n\n\n\n\nJames Redman Jr.\n\n\n8,659,200\n\n\n6.37%\n\n\n\n\nRichard Leggatt\n\n\n6,807,500\n\n\n5.01%\n\n\n\n\nUnicorn Asset Management\n\n\n6,264,779\n\n\n4.61%\n\n\n\n\nEPS Ventures Pte Ltd\n\n\n5,144,491\n\n\n3.79%\n\n\n\n\nAngela Bravo **\n\n\n4,314,398\n\n\n3.18%\n\n\n\n\n \n* This includes shares held by Tergeo Ltd, Arrowcove Ltd and Kambos SA in which Constantine Logothetis holds a majority interest.\n \n** This includes shares owned by Sungold Escrow Nominees Ltd, a company controlled by Ms Bravo.\n \nTotal Voting Rights\n \nOn 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...