REG - Sunrise Resources - ISSUE OF WARRANTS
11/08/2023 13:00
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RNS Number : 1154J Sunrise Resources Plc 11 August 2023
11 August 2023
SUNRISE RESOURCES PLC
("Sunrise" or "the Company")
ISSUE OF WARRANTS
Sunrise Resources plc wishes to announce as follows:
Issue of Employee Warrants
On Wednesday 9 August 2023, 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 9,000,0000 warrants over new Ordinary Shares, representing 0.22% of
the Company's issued share capital, are being issued to certain 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 (4) (Total of) 4,000,000 0.1
Non-Executive Director 2,500,000 0.1
Roger Murphy
Non-Executive Director 2,500,000 0.1
James Cole
The Warrant exercise price is 0.1 pence, being the par value of the Company's
Ordinary Shares. Each warrant entitles the holder to subscribe for one new
Ordinary Share in the Company at the warrant exercise price at any time within
the period of 4 years from 9 August 2024.
This brings the total number of warrants in issue in the Company to
85,000,000. This represents 2.11% of the Company's 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 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 Warrants, each warrant to subscribe for one ordinary
share of 0.1p each
Identification code GB00B075Z681
b) Nature of the transaction Grant of Warrants
c) Price(s) and volume(s)
Price(s) Volume(s)
Exercise price of 0.1 pence 2,500,000 warrants
d) Aggregated information N/A (Single transaction as in 4 c) above)
- Aggregated volume
- Price
e) Date of the transaction 09/08/2023
11:00 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 Warrants, each warrant to subscribe for one ordinary
share of 0.1p each
Identification code GB00B075Z681
b) Nature of the transaction Grant of Warrants
c) Price(s) and volume(s)
Price(s) Volume(s)
Exercise price of 0.1 pence 2,500,000
d) Aggregated information N/A (Single transaction as in 4 c) above)
- Aggregated volume
- Price
e) Date of the transaction 09/08/2023
11:00 UTC
f) Place of the transaction Outside a trading venue (XOFF)
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Michael Dogbe
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 0.1 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: 10/08/2023
11:00 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:
10/08/2023
11:00 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 0.1 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: 09/08/2023
11:00 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:
09/08/2023
11:00 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 0.1 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: 09/08/2023
11:00 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:
09/08/2023
11:00 UTC
f)
Place of the transaction:
Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Susan Swift
2. Reason for the notification
a) Position/status: Office Administrator, 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 0.1 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: 09/08/2023
11:00 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:
09/08/2023
11:00 UTC
f)
Place of the transaction:
Outside a trading venue
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