Issue of Shares to EPS Ventures Pte Ltd.
Summary by AI BETAClose X
23 October 2025
Sulnox Group Plc
(the "Company" or "Sulnox")
Issue of Shares to EPS Ventures Pte Ltd.
Holding in the Company
Total Voting Rights
Issue of Shares to EPS
On 13 January 2025, the Company announced (the "Announcement") the signing of a significant agreement (the "Agreement") with Eastern Pacific Shipping Pte Ltd, one of the world's largest privately-owned shipping companies and its associate, EPS Ventures Pte Ltd (together, "EPS"). The Agreement encompasses both investment into Sulnox and a major product supply contract for its Sulnox EcoTM fuel conditioner ("Sulnox Eco").
In accordance with the terms of the Agreement, the Company has issued a total of 3,273,767 new ordinary shares of 2 pence each ("Ordinary Shares") to EPS Ventures Pte Ltd (the "EPS Shares"). As set out in the Announcement, the issue of these Ordinary Share is related to the volume of Sulnox Eco purchased over the previous quarter by EPS for use in its fleet of ships. The funds received will be used for general working capital purposes.
Radu Florescu, Chairman of Sulnox, commented: "EPS are one of the most respected names in global shipping, and their continued investment is a clear vote of confidence in both our technology and our partnership. Having seen first-hand the results Sulnox Eco delivers, EPS's commitment sends a powerful signal to the wider market - proving that lower fuel costs, lower emissions, and enhanced engine performance are all achievable with our zero-capex solution."
Admission, Holding in the Company and Total Voting Rights
An application will be made to admit the EPS Shares for trading on the AQSE Growth Market, which is anticipated to occur on or around 28 October 2025 ("Admission"). The EPS Shares will equate to 2.44% of the total Ordinary Shares on Admission. The EPS Shares are being issued on the terms set out in the Announcement, at 2 pence per share for a total of £65,475. The EPS Shares are being issued under the Company's existing share authorities.
On Admission, EPS will hold 5,144,491 Ordinary Shares, equivalent to 3.83% of the issued Ordinary Shares.
On Admission, the Company will have 134,419,201 Ordinary Shares in issue, each with one voting right. The Company does not hold any shares in treasury and therefore the total number of voting rights in the Company is 134,419,201. This figure should be used by shareholders from Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
- Ends -
For further information please contact:
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Sulnox Group plc
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alex.judd@sulnoxgroup.com |
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Allenby Capital Limited (AQSE Corporate Adviser) Nick Harriss / John Depasquale (Corporate Finance) Amrit Nahal (Equity Sales) |
Tel: 020 3328 5656 |
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