Issue of Shares to EPS Ventures Pte Ltd.
Summary by AI BETAClose X
23 January 2026
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 1,403,043 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' continued investment in Sulnox is a powerful validation of our technology and its impact at scale. When one of the world's leading shipping companies shows this level of commitment, it sends a clear signal to the market about the credibility, performance, and long-term potential of our approach."
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 29 January 2026 ("Admission"). The EPS Shares are being issued on the terms set out in the Announcement, at 2 pence per share for a total of £28,061. The EPS Shares are being issued under the Company's existing share authorities.
On Admission, EPS will hold 6,547,534 Ordinary Shares, equivalent to 4.77% of the issued Ordinary Shares.
On Admission, the Company will have 137,271,520 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 137,271,520. 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:
|
Sulnox Group plc
|
alex.judd@sulnoxgroup.com |
|
|
|
|
Allenby Capital Limited (AQSE Corporate Adviser) Nick Harriss / John Depasquale (Corporate Finance) Amrit Nahal (Equity Sales) |
Tel: 020 3328 5656 |
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.
Latest directors dealings
- 1 day ago Savannah Energy
- 1 day ago Buccaneer Energy PLC
- 1 day ago Savannah Energy
- 1 day ago Carclo
- 1 day ago Schroder Japan Growth Fund