Exercise of Warrants & TVR

RNS Number : 1988A
Sunrise Resources Plc
31 January 2022
 

31 January 2022

SUNRISE RESOURCES PLC

("Sunrise" or "the Company")

 

Warrant Exercise

 

Sunrise Resources plc, the AIM-traded company focusing on the development of its CS Pozzolan-Perlite Project in Nevada, USA, announces it has received notice to exercise warrants over 500,000 new ordinary shares of 0.1 pence each in the Company ("the Warrant Shares") from Mrs Judith Hayes, an employee of Tertiary Minerals plc which is providing management services to the Company.

 

The exercise price of the Warrant Shares is 0.135 pence per Warrant and payment has been received by the Company.

 

The Warrant Shares will rank pari passu with the existing Ordinary Shares and application will be made to the London Stock Exchange for the Warrant Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on or around Friday 4 February 2022.

 

Total Voting Rights

 

For the purposes of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Board of Sunrise hereby notifies the market that further to Admission, the Company's issued share capital will consist of 3,711,086,466 Ordinary Shares with a nominal value of 0.1p each, with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury.

 

Therefore, the total number of Ordinary Shares in the Company with voting rights will be 3,711,086,466. This figure may be used by Shareholders in the Company as denominator for the calculations by which they may determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

 

Further information:

 

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



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

 Judith Hayes

2

Reason for the notification

a)

Position/status

 Administration Manager

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

Exercise of Warrants

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

 0.135 pence

500,000

d)

Aggregated information

- Aggregated volume 

- Price 

 

 

 N/A (Single transaction)

 

e)

Date of the transaction

 31/01/2022

 14:00 UTC

 

f)

Place of the transaction

 Outside a trading venue (XOFF)

 

 

 

 

 

Shares in the Company trade on AIM. EPIC: "SRES". Website: www.sunriseresourcesplc.com

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