DIRECTOR DEALING, ISSUE OF EQUITY & TVR

RNS Number : 9564X

Sunrise Resources Plc

10 January 2022

 

10 January 2022

SUNRISE RESOURCES PLC

("Sunrise" or "the Company")

DIRECTOR DEALING, ISSUE OF EQUITY & TOTAL VOTING RIGHTS

Sunrise announces that 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 be receiving settlement of a portion of their outstanding fees in Ordinary Shares of 0.1 pence each in the Company ("Ordinary Shares"), calculated with reference to the closing mid-market price on the trading day prior to the issue of the Ordinary Shares.

Today, Monday 10 January 2022, the Board resolved to issue a total of 8,781,779   new Ordinary Shares to the directors, in settlement of a portion of outstanding net fees, for the six-month period ended 30 September 2021. The Ordinary Shares were issued at a price of 0.19 pence per share, being the closing mid-market price on AIM on Friday 7 January 2022.

The following table shows the number of new Ordinary Shares issued to the directors and their total holdings following the issue of the Ordinary Shares:

Director	Number of Ordinary Shares issued	Total interest in Ordinary Shares following Admission	% of Company's issued share capital following Admission
Patrick Cheetham*	2,526,316	236,820,232	6.38
Roger Murphy	4,030,526	58,972,756	1.59
James Cole	2,224,937	2,224,937	0.06

* includes 5,500,000 shares held by K E Cheetham, wife of P Cheetham.

Application will be made to the London Stock Exchange for 8,781,779 Ordinary Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM ("Admission"), and it is expected that Admission will occur on or around Monday 17 January 2022.

Total Voting Rights

In accordance with Financial Conduct Authority's Disclosure Guidance and Transparency Rules ("DTRs"), following the issue and Admission, the total issued share capital of the Company with voting rights will be 3,710,586,466 Ordinary Shares.

The above figure of 3,710,586,466 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the DTRs.

Further information:

Sunrise Resources plc Patrick Cheetham, Executive Chairman	Tel: [phone]
Beaumont Cornish Limited Nominated Adviser James Biddle/Roland Cornish	Tel: [phone]

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	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 0.1p 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)
		0.19 pence	2,526,316
d)	Aggregated information - Aggregated volume  - Price	N/A (Single transaction)
e)	Date of the transaction	10/01/2022  10:45 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 0.1p 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)
		0.19 pence	4,030,526
d)	Aggregated information - Aggregated volume  - Price	N/A (Single transaction)
e)	Date of the transaction	10/01/2022  10:45 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	Reasonforthenotification
a)	Position/status	Non-executive director
b)	Initialnotification/Amendment	Initial notification
3	Details  of  the  issuer,  emission  allowance  market   participant,auction  platform, auctioneerorauctionmonitor
a)	Name	Sunrise Resources plc
b)	LEI	213800MGDOE974QHPZ44
4	Detailsofthetransaction(s):sectiontoberepeated  for(i)eachtypeofinstrument; (ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactions havebeenconducted
a)	Description of the financial  instrument,type ofinstrument	Ordinary Shares of 0.1p each
	Identificationcode	GB00B075Z681
b)	Natureofthetransaction	Issue of new Ordinary Shares in settlement of a portion of the director's outstanding fees
c)	Price(s)andvolume(s)	Price(s)	Volume(s)
		0.19 pence	2,224,937
d)	Aggregated information - Aggregated volume  - Price	N/A (Single transaction)
e)	Date of the transaction	10/01/2022  10:45 UTC
f)	Place of the transaction	Outside a trading venue (XOFF)

 

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