REG - Sunrise Resources - DIRECTORS’ DEALINGS, ISSUE OF EQUITY & TVR

Sunrise ResourcesAnnouncement

12/03/2025 12:15

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RNS Number : 4050A  Sunrise Resources Plc  12 March 2025

12 March 2025

 

 

SUNRISE RESOURCES plc

("Sunrise" or the "Company")

 

DIRECTORS' DEALINGS, 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 0.001 pence each in the Company ("Ordinary Shares"),
calculated with reference to the closing mid-market price for the Company's
Ordinary Shares on the trading day prior to the share issue.

 

Today, 12 March 2025, the Board resolved to issue a total of 93,021,463 new
Ordinary Shares in settlement of outstanding fees for the period 1 April 2024
to 28 February 2025.

 

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*  9,811,707                             391,644,279                                            7.08%
 Roger Murphy       43,444,878                            134,443,888                                            2.43%
 James Cole         39,764,878                              72,533,864                                           1.31%

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

 

The new Ordinary Shares were issued at a price of 0.0205 pence per share,
being the closing mid-market price for the Company's Ordinary Shares on AIM on
Tuesday 11 March 2025.

 

Application will be made to the London Stock Exchange for 93,021,463 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 Tuesday 18 March 2025.

 

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 5,533,002,159 Ordinary Shares.

 

The above figure of 5,533,002,159 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
                                        Tel: +44 (0)207 469 0930

 Peterhouse Capital Limited

 Broker

 Lucy Williams/Duncan Vasey

 

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').

 

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.

 

 

 

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 0.001p 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)
      0.0205 pence                                                                                             9,811,707
 d)  Aggregated information

     - Aggregated volume                                               N/A (Single transaction)

     - Price

 e)  Date of the transaction                                           12/03/2025

                                                                       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 0.001p 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)
      0.0205 pence                                                                                            43,444,878

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

     - Aggregated volume

     - Price

 e)  Date of the transaction                                           12/03/2025

                                                                       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 0.001p 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)
     0.0205 pence                                                                                            39,764,878

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

     - Aggregated volume

     - Price

 e)  Date of the transaction                                           12/03/2025

                                                                       10:00 UTC

 f)  Place of the transaction                                         Outside a trading venue (XOFF)

 

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