Sulnox Group PLC

Regulatory Filings • Nov 1, 2023

National Storage Mechanism | Additional information

RNS Number : 0095S

SulNOx Group PLC

01 November 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310

1 November 2023

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

Second Quarter Trading Update

(Aquis Stock Exchange: SNOX)

The board of the directors of the Company (the "Board") announces the following second quarter trading update:

·    Unaudited 2Q24 revenues of £53,526 (1Q24 - £82,197 / 2Q23 - £37,172).

·    Q2 2024 has seen revenues increase on the same period of the prior year but decrease on Q1 as the company focussed on significant evaluations already underway in the quarter, additional fund raises, and restructuring to secure the future success of the business. There has been continued progress in business development that we expect to convert in the current financial year.

·    Cost management has continued throughout the quarter and will remain as an ongoing focus.

·    Unaudited cash balance of £562,257 (£839,137 as at 30 June 2023).

·    Additional funds raise of £700,000 from an existing substantial shareholder post quarter end.

- Ends -

For further information please contact:

SulNOx Group plc Steven Cowin, CFO	[email protected]
Allenby Capital Limited (AQSE Corporate Adviser) Nick Harriss / John Depasquale	Tel: 020 3328 5656

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

TSTGLBDBIUGDGXB