RNS Number : 1387C
Sunrise Resources Plc
08 June 2023
 
8 June 2023

 

 

SUNRISE RESOURCES PLC

("Sunrise" or "the Company")

 

DIRECTOR DEALING, ISSUE OF EQUITY & TOTAL VOTING RIGHTS

 

Sunrise Resources plc wishes to announce as follows:

 

Issue of New Ordinary Shares

 

Pursuant to terms first agreed on 20 August 2008, and in order for the Company to preserve cash for its project activities, the directors of the Company will again be receiving settlement of a portion of their outstanding fees in ordinary shares of 0.1 pence each in the Company ("Ordinary Shares"), calculated with reference to the closing mid-market price on the trading day prior to the issue of the Ordinary Shares. The Company is also settling a portion of fees payable to a supplier in Ordinary Shares at the same price.

 

Today, 8 June 2023, the Board resolved to issue a total of 18,519,800 Ordinary Shares (the "New Ordinary Shares") being 15,519,800 New Ordinary Shares to be issued to the directors in settlement of a portion of outstanding net fees, for the six-month period ended 31 March 2023, and 3,000,000 New Ordinary Shares to be issued to Mining and Metals Research Corporation.

 

The following table shows the number of New Ordinary Shares issued to the directors and their total holdings following the issue of the New Ordinary Shares:

 

Director

 

Number of New Ordinary Shares issued

Total interest in Ordinary Shares following Admission

% of Company's issued share capital following Admission

Patrick Cheetham*

3,452,020

255,785,016

6.41

Roger Murphy

6,033,890

78,785,677

1.98

James Cole

6,033,890

20,555,653

0.52

* includes 5,500,000 shares held by K E Cheetham, wife of P Cheetham.

 

The New Ordinary Shares were issued at a price of 0.1 pence per share, being the closing mid-market price on AIM on Wednesday 7 June 2023.

 

Application will be made to the London Stock Exchange for 18,519,800 New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM ("Admission"), and it is expected that Admission will occur on or around Thursday 15 June 2023.

 

Total Voting Rights

 

In accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules ("DTRs"), following the issue of the New Ordinary Shares and Admission, the total issued share capital of the Company with voting rights will be 3,987,909,173 Ordinary Shares.

 

The above figure of 3,987,909,173 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the DTRs.

 

 

 

 

Further information:

 

Sunrise Resources plc

Patrick Cheetham, Executive Chairman

Tel: +44 (0)1625 838 884

 

Beaumont Cornish Limited

Nominated Adviser

James Biddle/Roland Cornish

Tel: +44 (0)207 628 3396

 

Peterhouse Capital Limited

Broker

Lucy Williams/Duncan Vasey

 

Tel: +44 (0)207 469 0930

 

 

Market Abuse Regulation (MAR) Disclosure

 

The information set out below is provided in accordance with the requirements of Article 19(3) of 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').

 

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM.

 

1

Details  of  the  person   discharging  managerial   responsibilities I person closely associated

a)

Name

 Patrick Cheetham

2

Reason for the notification

a)

Position/status

 Executive Chairman

b)

Initial notification /Amendment

 Initial notification

3

Details  of  the  issuer,  emission  allowance  market   participant, auction  platform, auctioneer or auction monitor

a)

Name

 Sunrise Resources plc

b)

LEI

 213800MGDOE974QHPZ44

4

Details of the transaction(s): section to be repeated  for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description  of the financial  instrument, type of instrument

 

 

 

 Ordinary Shares of 0.1p each

Identification code

 GB00B075Z681

b)

Nature of the transaction

Issue of new Ordinary Shares in settlement of a portion  of the director's outstanding fees

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

 0.1 pence

 3,452,020

d)

Aggregated information

- Aggregated volume 

- Price 

 

 

 N/A (Single transaction)

 

e)

Date of the transaction

 08/06/2023

 10:00 UTC

 

f)

Place of the transaction

 Outside a trading venue (XOFF)

 

 

 

1

Details  of  the  person   discharging  managerial   responsibilities I person closely associated

a)

Name

 Roger Murphy

2

Reason for the notification

a)

Position/status

 Non-executive director

b)

Initial notification /Amendment

 Initial notification

3

Details  of  the  issuer,  emission  allowance  market   participant, auction  platform, auctioneer or auction monitor

a)

Name

 Sunrise Resources plc

b)

LEI

 213800MGDOE974QHPZ44

4

Details of the transaction(s): section to be repeated  for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description  of the financial  instrument, type of instrument

 

 

 

 Ordinary Shares of 0.1p each

Identification code

 GB00B075Z681

b)

Nature of the transaction

Issue of new Ordinary Shares in settlement of a portion of the director's outstanding fees

c)

Price(s) and volume(s)


 Price(s)

 Volume(s)

 0.1 pence

 6,033,890


d)

Aggregated information

- Aggregated volume 

- Price 

 

 N/A (single issue of shares in lieu of fees as in 4 c) above)

e)

Date of the transaction

 08/06/2023

 10:00 UTC

 

f)

Place of the transaction

 Outside a trading venue (XOFF)

 

 

1

Details  of  the  person   discharging  managerial   responsibilities I person closely associated

a)

Name

James Cole

2

Reason for the notification

a)

Position/status

 Non-executive director

b)

Initial notification /Amendment

Initial notification

3

Details  of  the  issuer,  emission  allowance  market   participant, auction  platform, auctioneer or auction monitor

a)

Name

Sunrise Resources plc

b)

LEI

213800MGDOE974QHPZ44

4

Details of the transaction(s): section to be repeated  for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description  of the financial  instrument, type of instrument

 

 

 

Ordinary Shares of 0.1p each

Identification code

GB00B075Z681

b)

Nature of the transaction

Issue of new Ordinary Shares in settlement of a portion of the director's outstanding fees

c)

Price(s) and volume(s)


Price(s)

Volume(s)

0.1 pence

6,033,890


d)

Aggregated information

- Aggregated volume 

- Price 

 

N/A (single issue of shares in lieu of fees as in 4 c) above)

e)

Date of the transaction

 08/06/2023

 10:00 UTC

 

f)

Place of the transaction

Outside a trading venue (XOFF)

 

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