(Aquis Stock Exchange: SNOX)
SulNOx, the fuel decarbonisation specialists, is pleased to announce that the Company’s ordinary shares of 2 pence each (“Ordinary Shares”) will commence dealing on the OTCQB Venture Market cross-trading facility in the United States (the “OTCQB”) with effect from today. The OTCQB ticker for the Ordinary Shares is “SNOXF”.
The OTCQB is designed to allow developing international companies to be publicly traded in the United States. The Company believes that having its Ordinary Shares traded on the OTCQB is a cost-effective solution which will provide enhanced investor benefits, including easier trading access for investors located in the US, and greater liquidity due to a broader geographic pool of potential investors. A market maker will be appointed in the US to support the trading on the OTCQB.
The OTCQB is recognised as an “Established Public Market” by the U.S. Securities and Exchange Commission (the “SEC”). The OTCQB is a leading market for US and international companies in the entrepreneurial and development stage. Trading on the OTCQB will have no impact on the trading of SulNOx’s Ordinary Shares on AQSE Growth Market and no new Ordinary Shares will be issued as part of the cross-trading facility.
SulNOx will continue to rely on the announcements and disclosures it makes to the Aquis Stock Exchange and will have no Sarbanes-Oxley or SEC reporting requirements.
Ben Richardson, Chief Executive of SulNOx, said: “We are delighted to announce our acceptance on to the OTCQB market, and that as of today, US investors can add our stock to their portfolio. With the continued immense use of fossil fuels globally, and the US market now beginning to hear of our innovative products and their ability to provide an immediate positive impact on both emissions and fuel economy, our listing on the OTCQB underpins our commitment to growth within the US market. No matter what we read daily in the press, unfortunately fossil fuels will remain in use for decades to come, and we provide an immediate positive impact to the ESG goals of firms using liquid hydrocarbon fuels, and we look forward to having US investors join us for the journey.”
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For further information please contact:
SulNOx Group plc
Steven Cowin, Director
Allenby Capital Limited
(AQSE Corporate Adviser)
Nick Harriss / John Depasquale
Tel: 020 3328 5656