Directors Share Issue

RNS Number : 7423L
Sunrise Resources Plc
04 August 2011
 



SUNRISE RESOURCES PLC

 

DIRECTORS' SHARE ISSUE

 

 

 

4 August 2011

 

Sunrise Resources plc ("Sunrise" or "the Company" - AIM: SRES) announces that, on 29 July 2011, the Board of Sunrise agreed to issue new ordinary shares in the Company to its directors in lieu of net fees for the six month period ended 30 June 2011.

 

Accordingly, Patrick Cheetham, Executive Chairman, has been issued with 135,324 new ordinary shares, Francis Johnstone, non-executive director, has been issued with 200,440 new ordinary shares and Neil Herbert, non-executive director, has been issued with 200,440 new ordinary shares. In each case, the new ordinary shares were issued at a price of 2.625 pence per share, being the closing mid-market price of the ordinary shares on 28 July 2011.

 

Following these issues, Patrick Cheetham, together with his wife K Cheetham, is interested

in 10,710,198 ordinary shares, representing 3.42 per cent of the enlarged issued share capital, Francis Johnstone is interested in 2,668,498 ordinary shares, being 0.85 per cent of the enlarged issued share capital, and Neil Herbert is interested in 3,807,139 ordinary shares, being 1.22 per cent of the enlarged issued share capital.

 

Following these issues, the total number of ordinary shares in issue will be 312,738,905.  Application has been made for the 536,204 new ordinary shares to be admitted to trading on AIM and admission is expected to occur on 10 August 2011.

 

 

ENQUIRIES

 

Further Information:

 

Sunrise Resources plc                                                                                         Tel:     +44 (0)845 868 4590

Patrick Cheetham, Executive Chairman                                                                     Mobile: +44 (0)7767 458751

 

 

Northland Capital Partners Limited                                                                    Tel:    +44 (0)20 7796 8800

Gavin Burnell/Rod Venables

Charles Vaughan (Corporate Broking)

 

Yellow Jersey PR                                                                                                    Tel:    +44 (0)20 8980 3545

Dominic Barretto

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IOEUGUQARUPGURC
UK 100

Latest directors dealings