REG - Caspian Sunrise plc - Issue of Equity and Option Awards

Caspian SunriseAnnouncement

24/04/2024 07:00

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RNS Number : 7640L  Caspian Sunrise plc  24 April 2024

 

Caspian Sunrise PLC

 

("Caspian Sunrise", or the "Company")

 

Issue of Equity and Option Awards

 

 

Equity issue

 

Caspian Sunrise announces the issue of 4,476,923 new ordinary shares of 1
pence each in the Company at 3.25 pence per share ("New Shares") in settlement
of certain outstanding fees owed to an adviser.

 

Application will be made for the New Shares to be admitted to trading on AIM,
which is expected to occur on or around 29 April 2024 ("Admission"). The New
Shares will rank pari passu in all respects with the Company's existing
ordinary shares currently traded on AIM.

 

Following Admission, the Company's issued share capital will comprise
2,254,978,483 ordinary shares of 1 pence each. This number will represent the
total voting rights in the Company and may be used by shareholders as the
denominator for the calculation by which they can 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 and Transparency
Rules.

 

Option grants

 

The Company has awarded in total 4,500,000 new options, including 2,500,000 4p
options to Seokwoo Shin, a director of the Company, with the additional
2,000,000 options being issued non board staff. 2,500,000 5.5p options
previously awarded to Seokwoo Shin have been cancelled, resulting in the net
new options totalling 2,000,000.

 

Additionally, the exercise date for 2,400,000 4p options held by Clive Carver
has been extended until 30 April 2025.

 

In total there are now 16,850,000 outstanding options representing
approximately 0.75% of the Company's current issued share capital.

 

 

Caspian Sunrise PLC

 

Clive Carver,
Chairman
+7 727 375 0202

 

WH Ireland, Nominated Adviser & Broker

 

James
Joyce
+44 (0) 207 220 1666

James Bavister

Andrew de Andrade

 

 

This announcement has been posted to:

www.caspiansunrise.com/investors (http://www.caspiansunrise.com/investors)

 

 

 1   Details of the person discharging managerial responsibilities
 a)  Name                                                         Seokwoo Shin
 2   Reason for the notification
 a)  Position/status                                              Chief Operating Officer
 b)  Initial notification/amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Caspian Sunrise plc
 b)  LEI                                                          213800ODCON58VWIRS18
 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 0.001p each

     Identification code

                                                                  GB00B1W0VW36
 b)  Nature of the transaction                                    Options issued
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  4p        2,500,000

 
 d)  Aggregated information

     -   Aggregated volume                                        2,500,000

      -   Price                                                   4p
 e)  Date of the transaction                                      23 April 2024
 f)  Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information

-   Aggregated volume

 -   Price

 

2,500,000

4p

e)

Date of the transaction

23 April 2024

f)

Place of the transaction

Outside a trading venue

 

 

 1   Details of the person discharging managerial responsibilities
 a)  Name                                                         Clive Carver
 2   Reason for the notification
 a)  Position/status                                              Chairman
 b)  Initial notification/amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Caspian Sunrise plc
 b)  LEI                                                          213800ODCON58VWIRS18
 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 0.001p each

     Identification code

                                                                  GB00B1W0VW36
 b)  Nature of the transaction                                    Options extension
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  4p        2,400,000

 
 d)  Aggregated information

     -   Aggregated volume                                        2,400,000

      -   Price                                                   4p
 e)  Date of the transaction                                      23 April 2024
 f)  Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information

-   Aggregated volume

 -   Price

 

2,400,000

4p

e)

Date of the transaction

23 April 2024

f)

Place of the transaction

Outside a trading venue

 

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