6 April 2023
SUNRISE RESOURCES PLC
("Sunrise" or the "Company")
Issue of Equity & TVR
Further to its announcement of 30 November 2022, Sunrise Resources plc ("Sunrise" or the "Company") wishes to announce that it is redeeming a 1/8th portion of the first £200,000 Convertible Security issued to Towards Net Zero, LLC (the "Investor" and the "Convertible Security") through the issue of Ordinary Shares in the Company.
A total of 35,714,286 new ordinary shares of 0.1p each (the "Redemption Shares") are being issued at a price of 0.1p each in connection with this redemption and application will be made for the Redemption Shares to be admitted to trading on AIM. ("Admission"). Admission is expected to occur on or around Friday 14 April 2023.
On issue of the Redemption Shares the face value of the Convertible Security value will be reduced to £175,000.
Total Voting Rights
For the purposes of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Board of Sunrise hereby notifies the market that, following Admission of the Redemption Shares, the Company will have 3,969,389,373 shares in issue with each share carrying the right to one vote. There are no shares currently held in treasury. The total number of voting rights in the Company is therefore 3,969,389,373 and this figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Further information:
| Sunrise Resources plc Patrick Cheetham, Executive Chairman | Tel: +44 (0)1625 838 884 |
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Beaumont Cornish Limited Nominated Adviser James Biddle/Roland Cornish | Tel: +44 (0)207 628 3396 |
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Peterhouse Capital Limited Broker Lucy Williams/Duncan Vasey
| Tel: +44 (0)207 469 0930
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Shares in the Company trade on AIM. EPIC: "SRES".
Website: www.sunriseresourcesplc.com
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.
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