Caspian Sunrise
PLC
("Caspian Sunrise", or the
"Company")
Issue of Equity and Option
Awards
Equity
issue
Caspian Sunrise announces the issue of
4,476,923 new ordinary shares of 1 pence each in the Company at
3.25 pence per share ("New Shares") in settlement of certain
outstanding fees owed to an adviser.
Application will be made for the New Shares to
be admitted to trading on AIM, which is expected to occur on or
around 29 April 2024 ("Admission"). The New Shares will rank pari
passu in all respects with the Company's existing ordinary shares
currently traded on AIM.
Following Admission, the Company's issued share
capital will comprise 2,254,978,483
ordinary shares of 1 pence each. This number will represent
the total voting rights in the Company and may be used by
shareholders as the denominator for the calculation by which they
can 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 and Transparency Rules.
Option
grants
The Company has awarded in total 4,500,000 new
options, including 2,500,000 4p options to Seokwoo Shin, a director
of the Company, with the additional 2,000,000 options being issued
non board staff. 2,500,000 5.5p options previously awarded to
Seokwoo Shin have been cancelled, resulting in the net new options
totalling 2,000,000.
Additionally, the exercise date for 2,400,000
4p options held by Clive Carver has been extended until 30 April
2025.
In total there are now 16,850,000 outstanding
options representing approximately 0.75% of the Company's current
issued share capital.
Caspian Sunrise
PLC
Clive Carver,
Chairman
+7 727 375 0202
WH Ireland,
Nominated Adviser & Broker
James
Joyce
+44 (0) 207 220 1666
James Bavister
Andrew de Andrade
This
announcement has been posted to:
www.caspiansunrise.com/investors
|
1
|
Details of the person discharging managerial
responsibilities
|
|
a)
|
Name
|
Seokwoo Shin
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Operating Officer
|
|
b)
|
Initial
notification/amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Caspian Sunrise plc
|
|
b)
|
LEI
|
213800ODCON58VWIRS18
|
|
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
Identification code
|
ordinary shares of 0.001p
each
GB00B1W0VW36
|
|
b)
|
Nature of the transaction
|
Options issued
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
4p
|
2,500,000
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated
volume
- Price
|
2,500,000
4p
|
|
e)
|
Date of the transaction
|
23 April 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the person discharging managerial
responsibilities
|
|
a)
|
Name
|
Clive Carver
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chairman
|
|
b)
|
Initial
notification/amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Caspian Sunrise plc
|
|
b)
|
LEI
|
213800ODCON58VWIRS18
|
|
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
Identification code
|
ordinary shares of 0.001p
each
GB00B1W0VW36
|
|
b)
|
Nature of the transaction
|
Options extension
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
4p
|
2,400,000
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated
volume
- Price
|
2,400,000
4p
|
|
e)
|
Date of the transaction
|
23 April 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|