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Sunrise Resources (SRES)

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Thursday 18 July, 2019

Sunrise Resources

DIRECTORS SHARE PURCHASE

RNS Number : 8928F
Sunrise Resources Plc
18 July 2019
 
SUNRISE RESOURCES PLC

(the "Company")

 

 18 July 2019

 

DIRECTORS SHARE PURCHASE

 

 

Sunrise Resources is pleased to announce that on 17 July 2019 its Chairman, Patrick Cheetham, purchased 31,500,000 existing ordinary shares in the Company ("the Sunrise Shares") and as a result has increased the number of shares in which he is beneficially interested to 125,593,683 ordinary shares representing 4.57% of the Company's issued ordinary share capital.

 

The Sunrise Shares were purchased from Tertiary Minerals plc in compliance with the Company's Share Dealing Policy at a price of 0.08p per share, being the market price at the time of the acquisition. Immediately following the transaction Tertiary Minerals will hold 79,454,787 ordinary shares in the Company representing 2.89% of the Company's issued ordinary share capital. The Sunrise Shares have been purchased in Mr. Cheetham's SIPP.

 

 

Commenting today Sunrise Executive Chairman Patrick Cheetham said: "I am pleased to be acquiring a further stake in Sunrise at this exciting stage in the Company's development. The Board expects its working relationship with Tertiary will be unaffected by this transaction as Tertiary continues to provide management services to Sunrise at cost, to the benefit of both companies."

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

.

 

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

 

SVS Securities Plc

Broker

Tom Curran/Ben Tadd

Tel: +44 (0)203 700 0093

 

 

Shares in the Company trade on AIM under the symbol "SRES" and also on the NEX Exchange (Secondary Market).

 

 

 

 

Market Abuse Regulation

 

The information set out below is provided in accordance with the requirements of Article 19(3) of Regulation (EU) No.596/2014 of the European Parliament and of the Council.

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 0.1 pence each

Identification code

GB00B075Z681

 

 

 

 

b)

Nature of the transaction

Buying

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.08 pence

31,500,000

d)

Aggregated information

- Aggregated volume 

- Price 

 

 

N/A (Single transaction)

 

e)

Date of the transaction

17 July 2019

16:15 UTC

 

f)

Place of the transaction

Outside a trading venue (XOFF)

 

 

 

 

TR-1: Standard form for notification of major holdings

 

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i

 

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Sunrise Resources plc

1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)

Non-UK issuer

 

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

ü

An acquisition or disposal of financial instruments

 

An event changing the breakdown of voting rights

 

Other (please specify)iii:

 

3. Details of person subject to the notification obligationiv

Name

Tertiary Minerals plc

City and country of registered office (if applicable)

Macclesfield, UK

4. Full name of shareholder(s) (if different from 3.)v

Name

N/A

City and country of registered office (if applicable)

 

5. Date on which the threshold was crossed or reachedvi:

17 July 2019

6. Date on which issuer notified (DD/MM/YYYY):

17 July 2019

7. Total positions of person(s) subject to the notification obligation

 

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

2.89%

N/A

2.89%

79,454,787

Position of previous notification (if

applicable)

4.04%

N/A

4.04%

 

             

 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

GB00B075Z681

5,011,388

74,443,399

0.18%

2.71%

 

 

 

 

 

 

 

 

 

 

SUBTOTAL 8. A

 

 

 

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

N/A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SUBTOTAL 8. B 1

 

 

 

 

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

N/A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SUBTOTAL 8.B.2

 

 

 

 

 

                   

 

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

N/A

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)

N/A

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

N/A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10. In case of proxy voting, please identify:

Name of the proxy holder

N/A

The number and % of voting rights held

N/A

The date until which the voting rights will be held

N/A

 

11. Additional informationxvi

 

         

 

Place of completion

London, UK

Date of completion

17 July 2019

 

 

 

 

 


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