REG - Sunrise Resources - ISSUE OF WARRANTS

Sunrise ResourcesAnnouncement

06/05/2026 07:00

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RNS Number : 1256D  Sunrise Resources Plc  06 May 2026

6 May 2026

 

SUNRISE RESOURCES PLC

("Sunrise" or "the Company")

 

ISSUE OF WARRANTS

 

Sunrise Resources plc wishes to announce as follows:

 

Issue of Employee Warrants

 

On 5 May 2026, 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 45,000,000 warrants over new Ordinary Shares, representing 0.48% 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 and the Company Secretary in
connection with their remuneration as follows:

 

 Grantee                 No. of Warrants        Warrant Exercise Price (pence per share)
 Tertiary Employees (4)  (Total of) 20,000,000  0.025

 Non-Executive Director  10,000,000             0.025

 James Cole
 Non-Executive Director  10,000,000             0.025

 Adam Hainsworth
 Company Secretary       5,000,000              0.025

 Rod Venables

 

The Warrant Exercise Price is 0.025 pence, being the price at which shares
were recently issued by way of a placing and WRAP retail offer. 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
6 May 2027.

 

This brings the total number of warrants in issue in the Company to 87,000,000
representing 0.93% of the Company's issued share capital. The Company last
issued warrants to Directors and Tertiary employees in August 2023

 

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

 AlbR 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

 

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                                                              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 0.001p 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                                                                             10,000,000 warrants

      0.025 pence

 d)  Aggregated information                                            N/A (Single transaction as in 4 c) above)

     - Aggregated volume

     - Price

 e)  Date of the transaction                                           05/05/2026

                                                                       15:00 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                                                             Adam Hainsworth
 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 0.001p 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 0.025 pence                                                                 10,000,000

 d)  Aggregated information                                           N/A (Single transaction as in 4 c) above)

     - Aggregated volume

     - Price

 e)  Date of the transaction                                           05/05/2026

                                                                       15:00 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                                                             Rod Venables
 2   Reason for the notification
 a)  Position/status                                                   Company Secretary
 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 0.001p 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 0.025 pence                                                                 5,000,000

 d)  Aggregated information                                           N/A (Single transaction as in 4 c) above)

     - Aggregated volume

     - Price

 e)  Date of the transaction                                           05/05/2026

                                                                       15:00 UTC

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

 

 

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