REG - Sunrise Resources - Appointment of Non-Executive Director

Sunrise ResourcesAnnouncement

10/03/2025 12:00

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RNS Number : 0192A  Sunrise Resources Plc  10 March 2025

10 March 2025

SUNRISE RESOURCES PLC

("Sunrise" or the "Company")

 

Appointment of Non-Executive Director

The Company is pleased to announce the appointment of Mr. Adam Hainsworth as a
non- executive director of the Company with effect from 14 March 2025, the day
following the Company's Annual General Meeting.

Mr. Hainsworth is a longstanding and significant shareholder in the Company.
He is a chartered accountant by training and has extensive commercial and
transactional experience, having spent the majority of his career working for
his family's textile business, AW Hainsworth & Sons Limited, in a variety
of roles including as a commercial director.

Patrick Cheetham, Executive Chairman today said:

"We welcome Adam to the Board from the ranks of our long-term shareholders.
Adam is results driven and will bring his commercial experience, a new
perspective and impetus to the Board and I look forward to working with him to
help commercialise our assets."

Adam Hainsworth added:

"I have been a long- term investor and recent financial backer of Sunrise
Resources alongside the Chairman and other long- term shareholders and I
believe strongly in the underlying value of the Company's assets. We have a
fantastic portfolio. As a Board Member, I now look forward to helping convert
those assets into lasting shareholder wealth. I feel confident and excited by
this new challenge and am very ambitious for the Company."

 

The following information is disclosed pursuant to Rule 17 and Schedule Two
paragraph (g) of the AIM Rules for Companies in relation to Mr. Adam Wilson
Hainsworth, aged 63:

 Current Directorships/Partnerships   Past Directorships/Partnerships (within 5 years)
 Double A Properties Partnership LLP  AW Hainsworth & Sons Limited

                                      AW Hainsworth Holdings Limited

                                      AW Hainsworth Property Limited

                                      Spring Valley Trading Limited

                                      The Atkinson Dyeing Company Limited

                                      Forge Lane Partnership LLP

                                      Huddersfield & District Textile Training Company Limited

                                      Huddersfield Textile Training Limited

Mr. Hainsworth, through personal and family holdings, has an interest in
149,267,784 ordinary shares, representing 2.74% of the Company's issued
Ordinary Share Capital along with 20,000,000 warrants to subscribe for
Ordinary Shares at 0.075p per share.

Mr. Hainsworth shall be paid an annual fee of £24,000 gross and the Company
shall have the option to settle the liability to pay fees less any PAYE
liability thereon by the issue of new ordinary shares in the Company at the
closing mid-market price on the date prior to the date of issue.

 

Further information:

 

 Sunrise Resources plc                  Tel: +44 (0)1625 838 884

 Patrick Cheetham, Executive Chairman
                                        Tel: +44 (0)207 628 3396

 Beaumont Cornish Limited

 Nominated Adviser

 James Biddle/Roland Cornish
                                        Tel: +44 (0)207 469 0930

 Peterhouse Capital Limited

 Broker

 Lucy Williams/Duncan Vasey

 

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.

 

Nominated Adviser

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

 

 

Shares in the Company trade on AIM. EPIC: "SRES".

Website: www.sunriseresourcesplc.com

 

 

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