REG - Sunrise Resources - DIRECTOR DEALING, ISSUE OF EQUITY & TVR
10/01/2022 12:25
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RNS Number : 9564X Sunrise Resources Plc 10 January 2022
10 January 2022
SUNRISE RESOURCES PLC
("Sunrise" or "the Company")
DIRECTOR DEALING, ISSUE OF EQUITY & TOTAL VOTING RIGHTS
Sunrise announces that 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 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.
Today, Monday 10 January 2022, the Board resolved to issue a total of
8,781,779 new Ordinary Shares to the directors, in settlement of a portion of
outstanding net fees, for the six-month period ended 30 September 2021. The
Ordinary Shares were issued at a price of 0.19 pence per share, being the
closing mid-market price on AIM on Friday 7 January 2022.
The following table shows the number of new Ordinary Shares issued to the
directors and their total holdings following the issue of the Ordinary Shares:
Director Number of Ordinary Shares issued Total interest in Ordinary Shares following Admission % of Company's issued share capital following Admission
Patrick Cheetham* 2,526,316 236,820,232 6.38
Roger Murphy 4,030,526 58,972,756 1.59
James Cole 2,224,937 2,224,937 0.06
* includes 5,500,000 shares held by K E Cheetham, wife of P Cheetham.
Application will be made to the London Stock Exchange for 8,781,779 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 Monday 17 January 2022.
Total Voting Rights
In accordance with Financial Conduct Authority's Disclosure Guidance and
Transparency Rules ("DTRs"), following the issue and Admission, the total
issued share capital of the Company with voting rights will be 3,710,586,466
Ordinary Shares.
The above figure of 3,710,586,466 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 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
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)
0.19 pence 2,526,316
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
e) Date of the transaction 10/01/2022
10:45 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)
0.19 pence 4,030,526
d) Aggregated information N/A (Single transaction)
- Aggregated volume
- Price
e) Date of the transaction 10/01/2022
10:45 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)
0.19 pence 2,224,937
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
e) Date of the transaction 10/01/2022
10:45 UTC
f) Place of the transaction Outside a trading venue (XOFF)
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