REG - Sunrise Resources - DIRECTOR DEALING, ISSUE OF EQUITY, WARRANTS & TVR
09/08/2022 14:45
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RNS Number : 4504V Sunrise Resources Plc 09 August 2022
9 August 2022
SUNRISE RESOURCES PLC
("Sunrise" or "the Company")
DIRECTOR DEALING, ISSUE OF EQUITY, WARRANTS & TOTAL VOTING RIGHTS
Sunrise Resources plc, the AIM-traded company focusing on the development of
its CS Pozzolan-Perlite Project in Nevada, USA, 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
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.
Yesterday, Monday 8 August 2022, the Board resolved to issue a total of
12,972,621 New Ordinary Shares to the directors, in settlement of a portion
of outstanding net fees, for the six-month period ended 31 March 2022. The New
Ordinary Shares were issued at a price of 0.1125 pence per share, being the
closing mid-market price on AIM on Friday 5 August 2022.
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* 2,212,764 247,532,996 6.46
Roger Murphy 6,121,031 65,093,787 1.70
James Cole 4,638,826 6,863,763 0.18
* includes 5,500,000 shares held by K E Cheetham, wife of P Cheetham.
Application will be made to the London Stock Exchange for 12,972,621 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 Monday 15 August 2022.
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 3,833,559,087 Ordinary Shares.
The above figure of 3,833,559,087 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.
Issue of Employee Warrants
Also, on Monday 8 August 2022, the Board resolved to issue warrants to
subscribe for Ordinary Shares in the Company as part of a long-standing annual
arrangement as follows:
A total of 8,000,0000 warrants over new Ordinary Shares, representing 0.21% of
the Company's issued share capital after the issue of the New Ordinary Shares,
to employees of Tertiary Minerals plc ("Tertiary") working on the Company's
behalf and to the two non-executive directors of the Company in connection
with their remuneration as follows:
Grantee No. of Warrants Warrant Exercise Price (pence per share)
Tertiary Employees (3) (Total of) 3,000,000 0.1125
Non-Executive Director 2,500,000 0.1125
Roger Murphy
Non-Executive Director 2,500,000 0.1125
James Cole
The Warrant exercise price has been calculated by reference to the closing
mid-market price on AIM on Friday 5 August 2022 being 0.1125 pence. Each
warrant entitles the holder to subscribe for one new Ordinary Share in the
Company at their respective warrant exercise prices at any time within the
period of 4 years from 5 August 2023.
This brings the total warrants and options in issue in the Company to
168,750,000, representing 4.40% of the Company's enlarged issued share
capital.
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)
0.1125 pence 2,212,764
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
e) Date of the transaction 08/08/2022
13:30 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 & grant of Warrants
c) Price(s) and volume(s) 1. Shares in Lieu of Fees
Price(s) Volume(s)
0.1125 pence 6,121,031
2. Grant of Warrants
Price(s) Volume(s)
Exercise price of 2,500,000 warrants
0.1125 pence
d) Aggregated information N/A (single issue of shares in lieu of fees and single issue of Warrants as
in 4 c) above)
- Aggregated volume
- Price
e) Date of the transaction 08/08/2022
13:30 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 & grant of Warrants
c) Price(s) and volume(s) 1. Shares in Lieu of Fees
Price(s) Volume(s)
0.1125 pence 4,638,826
2. Grant of Warrants
Price(s) Volume(s)
Exercise price of 2,500,000 warrants
0.1125 pence
d) Aggregated information N/A (single issue of shares in lieu of fees and single issue of Warrants as in
4 c) above)
- Aggregated volume
- Price
e) Date of the transaction 08/08/2022
13:30 UTC
f) Place of the transaction Outside a trading venue (XOFF)
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Sondra Pyrch
2. Reason for the notification
a) Position/status: Management Accountant, Tertiary Minerals plc
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: Warrants, each warrant to subscribe for one ordinary share of 0.1p each
Identification code: GB00B075Z681 (Ordinary Shares)
b) Nature of the transaction: Grant of warrants to subscribe for new ordinary shares
c) Price(s) and volume(s):
Price(s) Volume(s)
Exercise Price of 0.1125 pence 1,000,000 warrants
d) Aggregated information: N/A (Single transaction as in 4 c) above)
Aggregated volume:
Price:
e) Date of the transaction: 08/08/2022
13:30 UTC
f) Place of the transaction: Outside a trading venue
d)
Aggregated information:
Aggregated volume:
Price:
N/A (Single transaction as in 4 c) above)
e)
Date of the transaction:
08/08/2022
13:30 UTC
f)
Place of the transaction:
Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Jaelithe Talboom
2. Reason for the notification
a) Position/status: Office Manager, Tertiary Minerals plc
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: Warrants, each warrant to subscribe for one ordinary share of 0.1p each
Identification code: GB00B075Z681 (Ordinary Shares)
b) Nature of the transaction: Grant of warrants to subscribe for new ordinary shares
c) Price(s) and volume(s):
Price(s) Volume(s)
Exercise Price of 0.1125 pence 1,000,000 warrants
d) Aggregated information: N/A (Single transaction as in 4 c) above)
Aggregated volume:
Price:
e) Date of the transaction: 08/08/2022
13:30 UTC
f) Place of the transaction: Outside a trading venue
d)
Aggregated information:
Aggregated volume:
Price:
N/A (Single transaction as in 4 c) above)
e)
Date of the transaction:
08/08/2022
13:30 UTC
f)
Place of the transaction:
Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Joel Cheetham
2. Reason for the notification
a) Position/status: Project Manager, Permitting & GIS, Tertiary Minerals plc
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: Warrants, each warrant to subscribe for one ordinary share of 0.1p each
Identification code: GB00B075Z681 (Ordinary Shares)
b) Nature of the transaction: Grant of warrants to subscribe for new ordinary shares
c) Price(s) and volume(s):
Price(s) Volume(s)
Exercise Price of 0.1125 pence 1,000,000 warrants
d) Aggregated information: N/A (Single transaction as in 4 c) above)
Aggregated volume:
Price:
e) Date of the transaction: 08/08/2022
13:30 UTC
f) Place of the transaction: Outside a trading venue
d)
Aggregated information:
Aggregated volume:
Price:
N/A (Single transaction as in 4 c) above)
e)
Date of the transaction:
08/08/2022
13:30 UTC
f)
Place of the transaction:
Outside a trading venue
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