Sunrise Resources - DIRECTORS’ DEALINGS, ISSUE OF EQUITY & TVR
12/03/2025 12:07
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% |
| Sunrise Resources plc Patrick Cheetham, Executive Chairman | Tel: +44 (0)1625 838 884 |
| Beaumont Cornish Limited Nominated Adviser James Biddle/Roland Cornish | Tel: +44 (0)207 628 3396 |
| Peterhouse Capital Limited Broker Lucy Williams/Duncan Vasey | Tel: +44 (0)207 469 0930 |
| 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 - Price | N/A (Single transaction) | |
| 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 - Aggregated volume - Price | N/A (single issue of shares in lieu of fees as in 4 c) above) | |
| 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 responsibilitiesIperson 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 - Aggregated volume - Price | N/A (single issue of shares in lieu of fees as in 4 c) above) | |
| e) | Date of the transaction | 12/03/2025 10:00 UTC | |
| f) | Place of the transaction | Outside a trading venue (XOFF) | |