REG - Sunrise Resources - Issue of Shares following Conversion & TVR

Sunrise ResourcesAnnouncement

11/08/2023 13:00

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RNS Number : 1155J  Sunrise Resources Plc  11 August 2023

11 August 2023

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 £50,000 of the
Second Convertible Security issued on 7 June 2023, details of which were
announced to the market on 5 June 2023. The Second 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 "Deed").

The Conversion Price is £0.01 pence per share and 50,000,000 new ordinary
shares will be issued in the conversion. In addition, 21,428,571 new ordinary
shares will be issued in connection under the Deed.

Application will be made for the total of 71,428,571 shares to be admitted to
trading on AIM ("Admission"). Admission is expected to occur on or around
Thursday 17 August 2023.

Following the issue of the Conversion Shares and the Fee Shares the face value
of the Second Convertible Security will be reduced to £150,000.

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 and the Fee Shares, the Company
will have 4,095,052,030 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 4,095,052,030 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

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

Website: www.sunriseresourcesplc.com

 

 

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.

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