Intention to Float
Advisers engaged for an intended flotation
SulNOx, the hydrocarbon fuel emulsification specialist, is pleased to announce that it has engaged
SulNOx, www.sulnoxgroup.com, has developed a hydrocarbon fuels conditioning and emulsifying process that enables more efficient fuel combustion, leading potentially to reduced fuel usage and significantly lowered emissions. On 30th
"Following our important deal with Nouryon, we can advance our plan to go public in support of our commercial ambitions; details of which will be disclosed in a series of future announcements.
"Working with
Enquiries:
nicholas.nelson@sulnoxgroup.com
james.dewhurst@ad-securities.com +44 (0) 20 7448 9820
Enterprise Investment Scheme
The Directors are applying for
· Investors may claim up to 30% income tax relief
· Capital gains tax deferral of unlimited gains on the sale of any assets if an EIS investment is made within one year before or three years after the date of the gain
· No capital gains tax on the disposal of shares which have been held for three years in EIS qualifying companies
· 100% IHT exemption may be available after the EIS investment has been held for two years
· Loss relief providing total tax relief of up to 61.5% for a 45% tax payer
· Carry back relief claims may be made for amounts subscribing for shares in qualifying companies, such that an investment is treated for income tax relief purposes as having been made in the previous tax year, subject to maximum investment levels for that tax year.
About
SulNOx is based in
Marketing. Under the agreements with Nouryon, SulNOx enjoys exclusive marketing control over the products and has appointed sales and marketing professionals to act as customer procurement consultants. This team will take the Company into a variety of industries where fuel and oil consumption is significant. These include power generation (diesel generators and power stations), shipping, distributors of bulk diesel and fuel oil; haulage and rail transport:
About
Nouryon was officially formed in
This information is provided by RNS, the news service of the