SulNOx Group PLC Grant of Share Options (9764Z)
January 17 2024 - 1:00AM
UK Regulatory
TIDMSNOX
RNS Number : 9764Z
SulNOx Group PLC
17 January 2024
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310
17 January 2024
SulNOx Group Plc (the "Company" or "SulNOx")
Granting of Share Options
(Aquis Stock Exchange: SNOX)
The board of directors of the Company (the "Board") announces
that it yesterday 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. A total of 2,666,667 options (the
"Options") have been granted for ordinary shares of 2 pence each in
the capital of the Company ("Ordinary Shares"), all with a 10-year
life.
2,166,667 of the Options have been granted with an exercise
price of 36.0p, a small premium to the average price at which the
Ordinary Shares traded yesterday of 32.9 pence (the "36p Options").
The 36p Options are subject to various vesting conditions, with
933,333 vesting at a 40p market price at the time of exercise,
983,334 vesting at a 50p market price at the time of exercise, and
250,000 at a 60p market price at the time of exercise. 850,000 also
include certain time related vesting conditions.
The remaining 500,000 of the Options have been granted with an
exercise price of 60 pence per Ordinary Share, with no
conditionality.
- Ends -
For further information please contact:
SulNOx Group plc Tel: 07624 491 821
Steven Cowin, CFO
Allenby Capital Limited Tel: 020 3328 5656
(AQSE Corporate Adviser)
Nick Harriss / John Depasquale
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 Ordinary Shares of 2 pence each
the financial instrument,
type of instrument ISIN: GB00BJVQQP66
Identification
code
------------------------------- ---------------------------------------------
Nature of the transaction Grant of share options, subject to a
market price of 50p at the time of exercise
------------------------------- ---------------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
36p 283,334
----------
------------------------------- ---------------------------------------------
d) Aggregated information N/A
Aggregated volume
Price
------------------------------- ---------------------------------------------
e) Date of the transaction 16 January 2024
------------------------------- ---------------------------------------------
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 Ordinary Shares of 2 pence each
the financial instrument,
type of instrument ISIN: GB00BJVQQP66
Identification
code
------------------------------- ---------------------------------------------
Nature of the transaction Grant of share options, subject to a
market price of 50p at the time of exercise
------------------------------- ---------------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
36p 200,000
----------
------------------------------- ---------------------------------------------
d) Aggregated information N/A
Aggregated volume
Price
------------------------------- ---------------------------------------------
e) Date of the transaction 16 January 2024
------------------------------- ---------------------------------------------
f) Place of the transaction N/A
------------------------------- ---------------------------------------------
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END
NEXEAKFXFSXLEEA
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