Sulnox Group PLC

Director's Dealing • Oct 23, 2020

National Storage Mechanism | Additional information

RNS Number : 9847C

SulNOx Group PLC

23 October 2020

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.  The directors take responsibility for this announcement.

23 October 2020

SulNOx Group Plc (the "Company" or "SulNOx")

Board Changes and Suspension of Trading of Shares

(Aquis Stock Exchange: SNOX)

The Company announces the following corporate updates:

Board Changes

The Company announces that yesterday, 22 October 2020, it received a notice of resignation from Majken Korsgaard, non-executive director, effective immediately.

The Company also announces that Graham Lyon, non-executive chairman, will resign with immediate effect upon completion of the Annual General Meeting to be held at 12:00 today ("AGM").

Following the above resignations, and in order to ensure the Company remains in compliance with the requirements of the UK Companies Act 2006, which requires a public limited company to have at least two directors, the Board has agreed to appoint Nicholas Nelson as an executive director with effect from today.  Mr Nelson is currently the Group Chief Executive Officer and was an executive director until 21 September 2020.

Suspension in trading on AQSE Growth market

As a result of the above board changes, the Company will no longer be in compliance with Rule 65 of the AQSE Growth Market Rules for Issuers, which requires an Issuer to have at least one independent non-executive director.  The Company's ordinary shares of 2 pence each ("Ordinary Shares") will therefore be suspended from trading on the AQSE Growth Market prior to market opening.

The Company will make a further update following the AGM.

Enquiries:

SulNOx Group Plc Nicholas Nelson, Chief Executive	[email protected]
Media and Investors: Flagstaff Strategic and Investor Communications Tim Thompson / Fergus Mellon	[email protected] 020 7129 1474
AQSE Corporate Adviser: Allenby Capital Limited John Depasquale / Nick Harriss / James Hornigold	020 3328 5656

The directors take responsibility for this announcement.

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