REG - Sunrise Resources - Issue and Allotment of Shares following Conversion

Sunrise ResourcesAnnouncement

13/11/2024 16:30

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RNS Number : 1421M  Sunrise Resources Plc  13 November 2024

13 November 2024

SUNRISE RESOURCES PLC

("Sunrise" or the "Company")

 

Issue and Allotment of Ordinary Shares following Conversion & TVR

The Company hereby announces the conversion of an amount of £45,000 of the
First Convertible Security issued on 6 December 2022, details of which were
announced to the market on 7 December 2022. The First Convertible Security was
issued pursuant to the Convertible Securities Issuance Deed dated 29 November
2022 as amended by a Deed of Amendment dated 2 June 2023, details of which
were announced to the market on 30 November 2022 and 5 June 2023 respectively.

The Conversion Price is 0.02 pence per share and total of 225,000,000 new
ordinary shares (the "Conversion Shares") fall to be issued.

Application will be made for the Conversion Shares to be admitted to trading
on AIM. ("Admission"). Admission is expected to occur on or around Wednesday
20 November 2024.

Following the issue of the Conversion Shares there will be no amount
outstanding for conversion or redemption on the First Convertible Note.

Total Voting Rights

For the purposes of the Disclosure and Transparency Rules of the Financial
Conduct Authority, the Board of Sunrise hereby notifies the market that,
following the issue of the Conversion Shares, the Company will have
5,169,980,696 shares in issue with each share carrying the right to one vote.
There are no shares currently held in treasury. The total number of voting
rights in the Company is therefore 5,169,980,696 and this figure may be used
by shareholders as the denominator for the calculations by which they
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 Guidance and Transparency Rules.

For more information please contact:

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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