Director's Share Issue

RNS Number : 4782G

Sunrise Diamonds PLC

01 February 2010

 



SUNRISE DIAMONDS PLC

1 February 2010

DIRECTOR'S SHARE ISSUE

Sunrise Diamonds plc ("Sunrise" or "the Company" - AIM: SDS) announces that on 29 January 2010, the directors agreed to issue new ordinary shares in the Company to its directors in lieu of fees for the six month period ending 31 December 2009.

Accordingly, Patrick Cheetham, Executive Chairman, and non-executive director Francis Johnstone have each been issued with 372,321 new ordinary shares. Neil Herbert, non-executive director, has been issued with 345,534 new ordinary shares. In each case, the shares were issued at an issue price of 0.8 pence per share, being the closing mid-market price of the ordinary shares on 28 January 2010.

Following these issues, Patrick Cheetham, together with his wife K Cheetham, is interested in 10,198,383 ordinary shares, representing 5.40% of the enlarged issued share capital, Francis Johnstone, non-executive director, is interested in 2,930,769 ordinary shares, being 1.55% per cent of the enlarged issued share capital, and Neil Herbert, non-executive director, is interested in 2,795,662 ordinary shares, being 1.48% of the enlarged issued share capital.

Following these issues, the total number of ordinary shares in issue will be 188,873,553.

Application has been made for the 1,090,176 new ordinary shares to be admitted to trading on AIM and admission is expected to occur on 5 February 2010.

For further information contact:

Patrick Cheetham, Sunrise Diamonds plc.    Tel: [phone]

Gavin Burnell, Astaire Securities plc.             Tel: [phone]

 

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