SulNOx Group PLC - Requisition of General Meeting

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

25 April 2023

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

Requisition of General Meeting

(Aquis Stock Exchange: SNOX)

The board of the directors of the Company (the "Board") yesterday received a letter of requisition ("Requisition") to call a general meeting of the Company ("GM") dated 24 April 2023 from its shareholder, RemNOx Limited (the "Requisitioner").

The Requisitioner holds more than 5% of the ordinary share capital of the Company and the Requisition is in a form which complies with section 303 of the Companies Act 2006 (the "Act"). As a result, the directors are required to call a GM in accordance with the Requisition.

The Requisition requires the directors of the Company to convene a GM to consider ordinary shareholder resolutions to remove Chairman, Radu Florescu, as a director of the Company and appoint three new directors to the Board. In addition, the Requisition includes a special shareholder resolution to remove CEO, Ben Richardson, from his position with the Company.  In accordance with the Act, the Company is required to call a GM to consider this resolution within 21 days of receipt of the Requisition and to provide for the GM to be held not more than 28 days after the date of the notice of such meeting.

The Board do not believe that the proposed resolutions are in the interests of the Company or its shareholders as a whole.

Shareholders are advised to take no action at this time.

Sungold Escrow Nominees Ltd holds 96% of the ordinary share capital of the Requisitioner and is controlled by Angela Bravo. 

- Ends -

For further information please contact: