Business
Issue of Warrants
Sulnox Group PLC has issued a total of 2,549,398 warrants to subscribers of new ordinary shares, with exercise prices of 58.8p for 1,320,829 warrants, 66.1p for 228,569 warrants, and 60.0p for 1,000,000 warrants, all expiring on 31 December 2028. Notably, two substantial existing shareholders, Constantine Logothetis and Nistadgruppen AS, received 681,346 and 338,841 warrants respectively, constituting related party transactions that the Board has deemed fair and reasonable for all shareholders. Disclaimer*
About this update from Sulnox Group Plc
[{"type":"text","content":"\n\n \n4 December 2025\nSulnox Group Plc\n(the \"Company\" or \"Sulnox\")\n \nIssue of Warrants\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 issue of warrants (the \"Warrants\") previously announced on 3 December 2024, 11 December 2024 and 16 June 2025 (the \"Announcements\"). The Warrants are being issued to subscribers for new ordinary shares of 2 pence each (\"Ordinary Shares\"), as set out in the Announcements. The issue of the Warrants was conditional on new share allotment authorities being approved by the Company's shareholders; this was achieved at the annual general meeting of the Company held on 26 September 2025.\n \n1,320,829 warrants have been issued with an exercise price of 58.8p, as set out in the announcement of 3 December 2024.\n \n228.569 warrants have been issued with an exercise price of 66.1p, as set out in the announcement of 11 December 2024.\n \n1,000,000 warrants have been issued with an exercise price of 60.0p, as set out in the announcement of 16 June 2025.\n \nAll the Warrants have an expiry date of 31 December 2028.\n \nAmong the investors receiving Warrants are two existing substantial shareholders of the Company, Constantine Logothetis and Nistadgruppen AS (\"Nistad\"). Mr Logothetis will receive 681,346 Warrants (via Arrowcove Ltd, a company he controls) and Nistad will receive 338,841 Warrants. As Mr Logothetis and Nistad each have an existing interest in more than 10% of the Company's Ordinary Shares, the issue of the Warrants constitutes related party transactions under the AQSE Growth Market Apex Rules. The Board has concluded, having exercised reasonable care, skill and diligence, that their Subscriptions are fair and reasonable as far as the shareholders of the Company are concerned.\n \nENDS\n \nFor further information please contact:\n \n\n\n\n\nSulnox Group plc\nAlex Judd, Head of Marketing & Communications\n\n\[email protected]\n\n\n\n\n \nAllenby Capital Limited\n(AQSE Corporate Adviser)\nNick Harriss / John Depasquale\n(Corporate Finance)\nAmrit Nahal\n(Equity Sales)\n\...