Business
First Quarter Trading Update & Exercise of Options
First Quarter Trading Update & Exercise of Options.
About this update from Sulnox Group Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310\n \n31 July 2023\nSulNOx Group Plc (the \"Company\" or \"SulNOx\")\n \nFirst Quarter Trading Update\nExercise of Share Options\nTotal Voting Rights\n(Aquis Stock Exchange: SNOX)\n \nFirst Quarter Trading Update\n \nThe board of the directors of the Company (the \"Board\") announces the following trading update:\n \n· Unaudited 1Q24 revenues of £82,197 (4Q23 - £82,546 / 1Q23 - £32,899).\n· Q1 2024 has seen static revenues but considerable progress in business development that we expect to bear fruit in the rest of the financial year.\n· Continued progress in cost-reduction.\n· Unaudited cash balance of £839,137 as at 30 June 2023 (£522,872 as at 31 March 2023) following new strategic investment.\n \nExercise of Share Options\n \nThe Company has issued 100,000 new ordinary shares of 2 pence each (\"Ordinary Shares\") following the exercise of share options by a previous director at an exercise price of 2 pence per Ordinary Share. An application will be made to admit the new Ordinary Shares for trading on AQSE Growth Market, which is anticipated to occur on or around 3 August 2023 (\"Admission\").\n \nOn Admission, the Company will have 107,811,393 Ordinary Shares in issue, each with one voting right.\n \nTotal Voting Rights\n \nSulNOx announces that the Company's issued share capital as at the date of this announcement comprises 107,711,393 ordinary shares of 2 pence each with one voting right per share (\"Ordinary Shares\"). The Company does not hold any shares in treasury and therefore the total number of Ordinary Shares with voting rights in the Company is 107,711,393. This does not include the shares yet to be admitted to trading following the Exercise of Share Options notified above.\n \nThe above figure of 107,711,393 may be used by shareholders 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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.\n \n- Ends -\n \nFor fu...