SulNOx Group PLC - London-based green technology company - Proposes placing and subscription of new shares at 11.50 pence per share to raise a minimum of GBP750,000. Says net proceeds of fundraising will be used for research and development to support product expansion; development and purchasing of equipment required for shipping trials, including emissions monitoring hardware, and stock purchases to support the company's existing project pipeline; investment in marketing, financial and consumer public relations teams; and general working capital purposes. Iintends to raise GBP420,000 via subscription and GBP330,000 via placing conducted via an accelerated book build process by Singer Capital Markets Securities Ltd.

Current stock price: quoted at 11.75 pence on AQSE in London after closing on Thursday, having last traded at 11.89p on Monday.

12-month change: down 68%

By Greg Rosenvinge, Alliance News reporter

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