SulNOx Group PLC Requisition of General Meeting (3591C)
October 16 2020 - 5:51AM
UK Regulatory
TIDMSNOX
RNS Number : 3591C
SulNOx Group PLC
16 October 2020
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
16 October 2020
SulNOx Group Plc (the "Company" or "SulNOx")
Requisition of General Meeting
(Aquis Stock Exchange: SNOX)
The Company announces that it has received a letter of
requisition ("Requisition") to call a general meeting of the
Company ("GM") dated 14(th) October 2020 from three of its
shareholders: Sungold Escrow Nominees Limited, James Redman Junior
and Stephen Bamford (the "Requisitioners").
The Requisitioners collectively hold more than 5% of the
ordinary share capital of the Company and the Requisition is in a
form which complies with section 303 of the Companies Act 2006 (the
"Act"). As a result, the directors are required to call a GM in
accordance with the Requisition.
The Requisition requires the directors of the Company to convene
a GM to consider shareholder resolutions to remove the entire board
of directors and appoint four alternative individuals in their
place.
In accordance with the Act, the Company is required to call a GM
to consider this resolution within 21 days of receipt of the
Requisition and to provide for the GM to be held not more than 28
days after the date of the notice of such meeting.
It is to be noted that in compliance with the Act and the
Company's Articles of Association, at all times the Company must
have two directors in place. Additionally, the rules and
regulations of the Aquis Stock Exchange require that any new
director under consideration must be subjected to background checks
by the Company's corporate adviser. This process requires third
party agencies to be hired as part of an investigation process
lasting approximately four weeks from commencement.
Shareholders are advised to take no action at this time.
Enquiries:
SulNOx Group Plc
Nicholas Nelson, Chief Executive sulnox@flagstaffcomms.com
Media and Investors :
Flagstaff Strategic and Investor sulnox@flagstaffcomms.com
Communications 020 7129 1474
Tim Thompson / Fergus Mellon
----------------------------
AQSE Corporate Adviser :
Allenby Capital Limited
John Depasquale / Nick Harriss /
James Hornigold 020 3328 5656
----------------------------
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END
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October 16, 2020 06:51 ET (10:51 GMT)
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