TIDMSRES
RNS Number : 1387C
Sunrise Resources Plc
08 June 2023
8 June 2023
SUNRISE RESOURCES PLC
("Sunrise" or "the Company")
DIRECTOR DEALING, ISSUE OF EQUITY & TOTAL VOTING RIGHTS
Sunrise Resources plc wishes to announce as follows:
Issue of New Ordinary Shares
Pursuant to terms first agreed on 20 August 2008, and in order
for the Company to preserve cash for its project activities, the
directors of the Company will again be receiving settlement of a
portion of their outstanding fees in ordinary shares of 0.1 pence
each in the Company ("Ordinary Shares"), calculated with reference
to the closing mid-market price on the trading day prior to the
issue of the Ordinary Shares. The Company is also settling a
portion of fees payable to a supplier in Ordinary Shares at the
same price.
Today, 8 June 2023, the Board resolved to issue a total of
18,519,800 Ordinary Shares (the "New Ordinary Shares") being
15,519,800 New Ordinary Shares to be issued to the directors in
settlement of a portion of outstanding net fees, for the six-month
period ended 31 March 2023, and 3,000,000 New Ordinary Shares to be
issued to Mining and Metals Research Corporation.
The following table shows the number of New Ordinary Shares
issued to the directors and their total holdings following the
issue of the New Ordinary Shares:
Director Number of Total interest % of Company's
New Ordinary in Ordinary issued share capital
Shares issued Shares following following Admission
Admission
--------------- ------------------
Patrick Cheetham* 3,452,020 255,785,016 6.41
------------------- --------------- ------------------ ----------------------
Roger Murphy 6,033,890 78,785,677 1.98
------------------- --------------- ------------------ ----------------------
James Cole 6,033,890 20,555,653 0.52
------------------- --------------- ------------------ ----------------------
* includes 5,500,000 shares held by K E Cheetham, wife of P
Cheetham.
The New Ordinary Shares were issued at a price of 0.1 pence per
share, being the closing mid-market price on AIM on Wednesday 7
June 2023.
Application will be made to the London Stock Exchange for
18,519,800 New Ordinary Shares, which will rank pari passu with the
existing Ordinary Shares, to be admitted to trading on AIM
("Admission"), and it is expected that Admission will occur on or
around Thursday 15 June 2023.
Total Voting Rights
In accordance with the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules ("DTRs"), following the issue of
the New Ordinary Shares and Admission, the total issued share
capital of the Company with voting rights will be 3,987,909,173
Ordinary Shares.
The above figure of 3,987,909,173 Ordinary Shares may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the DTRs.
Further information:
Sunrise Resources plc Tel: +44 (0)1625 838 884
Patrick Cheetham, Executive
Chairman
Tel: +44 (0)207 628 3396
Beaumont Cornish Limited
Nominated Adviser
James Biddle/Roland Cornish
Tel: +44 (0)207 469 0930
Peterhouse Capital Limited
Broker
Lucy Williams/Duncan Vasey
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 Patrick Cheetham
----------------------------------- ----------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Executive Chairman
----------------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
----------------------------------- ----------------------------------------------
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 Ordinary Shares of 0.1p each
financial instrument,
type of instrument
----------------------------------- ----------------------------------------------
Identification code GB00B075Z681
----------------------------------- ----------------------------------------------
b) Nature of the transaction Issue of new Ordinary Shares in settlement
of a portion of the director's outstanding
fees
----------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------------- ------------------------ --------------------
0.1 pence 3,452,020
---------------------------------------------------------------- --------------------
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
----------------------------------- ----------------------------------------------
e) Date of the transaction 08/06/2023
10:00 UTC
--------------------------------------------------------------------------------------
f) Place of the transaction Outside a trading venue (XOFF)
----------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
I person closely associated
a) Name Roger Murphy
----------------------------------- ----------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Non-executive director
----------------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
----------------------------------- ----------------------------------------------
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 Ordinary Shares of 0.1p each
financial instrument,
type of instrument
----------------------------------- ----------------------------------------------
Identification code GB00B075Z681
----------------------------------- ----------------------------------------------
b) Nature of the transaction Issue of new Ordinary Shares in settlement
of a portion of the director's outstanding
fees
----------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------------- ------------------------ --------------------
0.1 pence 6,033,890
---------------------------------------------------------------- --------------------
d) Aggregated information N/A (single issue of shares in lieu
- Aggregated volume of fees as in 4 c) above)
- Price
----------------------------------- ----------------------------------------------
e) Date of the transaction 08/06/2023
10:00 UTC
--------------------------------------------------------------------------------------
f) Place of the transaction Outside a trading venue (XOFF)
----------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
I person closely associated
a N a me James Cole
)
------------------------------------- -----------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------
a Position/st atus Non-executive director
)
------------------------------------- -----------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------------- -----------------------------------------------
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 fina Ordinary Shares of 0.1p each
) ncial instrument, type
of ins trument
------------------------------------- -----------------------------------------------
Identification code GB00B075Z681
------------------------------------- -----------------------------------------------
b) Nature of the transact Issue of new Ordinary Shares in settlement
i on of a portion of the director's outstanding
fees
------------------------------------- -----------------------------------------------
c) Price(s) a nd volume(s) Price(s) Volume(s)
------------------------------------- ----------------------- ----------------------
0.1 pence 6,033,890
------------------------------------------------------------------ ----------------------
d) Aggregated information N/A (single issue of shares in lieu
- Aggregated volume of fees as in 4 c) above)
- Price
------------------------------------- -----------------------------------------------
e) Date of the transaction 08/06/2023
10:00 UTC
------------------------------------------------------------------------------------------
f) Place of the transaction Outside a trading venue (XOFF)
------------------------------------- -----------------------------------------------
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END
MSCBBGDLXBGDGXI
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