Sunrise Resources Plc ISSUE OF WARRANTS (1154J)
August 11 2023 - 6:45AM
UK Regulatory
TIDMSRES
RNS Number : 1154J
Sunrise Resources Plc
11 August 2023
11 August 2023
SUNRISE RESOURCES PLC
("Sunrise" or "the Company")
ISSUE OF WARRANTS
Sunrise Resources plc wishes to announce as follows:
Issue of Employee Warrants
On Wednesday 9 August 2023, the Board resolved to issue warrants
to subscribe for Ordinary Shares in the Company as part of a
long-standing annual arrangement as follows:
A total of 9,000,0000 warrants over new Ordinary Shares,
representing 0.22% of the Company's issued share capital, are being
issued to certain employees of Tertiary Minerals plc ("Tertiary")
working on the Company's behalf and to the two non-executive
directors of the Company in connection with their remuneration as
follows:
Grantee No. of Warrants Warrant Exercise Price
(pence per share)
Tertiary Employees
(4) (Total of) 4,000,000 0.1
--------------------- -----------------------
Non-Executive Director
Roger Murphy 2,500,000 0.1
--------------------- -----------------------
Non-Executive Director
James Cole 2,500,000 0.1
--------------------- -----------------------
The Warrant exercise price is 0.1 pence, being the par value of
the Company's Ordinary Shares. Each warrant entitles the holder to
subscribe for one new Ordinary Share in the Company at the warrant
exercise price at any time within the period of 4 years from 9
August 2024.
This brings the total number of warrants in issue in the Company
to 85,000,000. This represents 2.11% of the Company's issued share
capital.
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
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 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 Warrants, each warrant to subscribe
financial instrument, for one ordinary
type of instrument share of 0.1p each
-------------------------- ---------------------------------------
Identification code GB00B075Z681
-------------------------- ---------------------------------------
b) Nature of the transaction Grant of Warrants
-------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------- ------------------ -------------------
Exercise price of 2,500,000 warrants
0.1 pence
------------------ -------------------
d) Aggregated information N/A (Single transaction as in 4 c)
- Aggregated volume above)
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 09/08/2023
11:00 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 Warrants, each warrant to subscribe
) ncial instrument, type for one ordinary
of ins trument share of 0.1p each
-------------------------------- ---------------------------------------
Identification code GB00B075Z681
-------------------------------- ---------------------------------------
b) Nature of the transact Grant of Warrants
i on
-------------------------------- ---------------------------------------
c) Price(s) a nd volume(s) Price(s) Volume(s)
-------------------------------- ------------------------ -------------
Exercise price of
0.1 pence 2,500,000
-------------------------------------------------------------- -------------
d) Aggregated information N/A (Single transaction as in 4 c)
- Aggregated volume above)
- Price
-------------------------------- ---------------------------------------
e) Date of the transaction 09/08/2023
11:00 UTC
-----------------------------------------------------------------------------
f) Place of the transaction Outside a trading venue (XOFF)
-------------------------------- ---------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Michael Dogbe
-------------------------------- -----------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------
a) Position/status: Management Accountant, Tertiary Minerals
plc
-------------------------------- -----------------------------------------
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 Warrants, each warrant to subscribe
financial instrument, for one ordinary share of 0.1p each
type of instrument: GB00B075Z681 (Ordinary Shares)
Identification code:
-------------------------------- -----------------------------------------
b) Nature of the transaction: Grant of warrants to subscribe for
new ordinary shares
-------------------------------- -----------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
Exercise Price 1,000,000 warrants
of 0.1 pence
-------------------
-------------------------------- -----------------------------------------
d) Aggregated information: N/A (Single transaction as in 4 c)
Aggregated volume: above)
Price:
-------------------------------- -----------------------------------------
e) Date of the transaction: 10/08/2023
11:00 UTC
-------------------------------- -----------------------------------------
f) Place of the transaction: Outside a trading venue
-------------------------------- -----------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Jaelithe Talboom
-------------------------------- ---------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------
a) Position/status: Office Manager, Tertiary Minerals
plc
-------------------------------- ---------------------------------------
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 Warrants, each warrant to subscribe
financial instrument, for one ordinary share of 0.1p each
type of instrument: GB00B075Z681 (Ordinary Shares)
Identification code:
-------------------------------- ---------------------------------------
b) Nature of the transaction: Grant of warrants to subscribe for
new ordinary shares
-------------------------------- ---------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
Exercise Price 1,000,000 warrants
of 0.1 pence
-------------------
-------------------------------- ---------------------------------------
d) Aggregated information: N/A (Single transaction as in 4 c)
Aggregated volume: above)
Price:
-------------------------------- ---------------------------------------
e) Date of the transaction: 09/08/2023
11:00 UTC
-------------------------------- ---------------------------------------
f) Place of the transaction: Outside a trading venue
-------------------------------- ---------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Joel Cheetham
-------------------------------- ---------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------
a) Position/status: Project Manager, Permitting & GIS,
Tertiary Minerals plc
-------------------------------- ---------------------------------------
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 Warrants, each warrant to subscribe
financial instrument, for one ordinary share of 0.1p each
type of instrument: GB00B075Z681 (Ordinary Shares)
Identification code:
-------------------------------- ---------------------------------------
b) Nature of the transaction: Grant of warrants to subscribe for
new ordinary shares
-------------------------------- ---------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
Exercise Price 1,000,000 warrants
of 0.1 pence
-------------------
-------------------------------- ---------------------------------------
d) Aggregated information: N/A (Single transaction as in 4 c)
Aggregated volume: above)
Price:
-------------------------------- ---------------------------------------
e) Date of the transaction: 09/08/2023
11:00 UTC
-------------------------------- ---------------------------------------
f) Place of the transaction: Outside a trading venue
-------------------------------- ---------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Susan Swift
-------------------------------- ----------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------
a) Position/status: Office Administrator, Tertiary Minerals
plc
-------------------------------- ----------------------------------------
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 Warrants, each warrant to subscribe
financial instrument, for one ordinary share of 0.1p each
type of instrument: GB00B075Z681 (Ordinary Shares)
Identification code:
-------------------------------- ----------------------------------------
b) Nature of the transaction: Grant of warrants to subscribe for
new ordinary shares
-------------------------------- ----------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
Exercise Price 1,000,000 warrants
of 0.1 pence
-------------------
-------------------------------- ----------------------------------------
d) Aggregated information: N/A (Single transaction as in 4 c)
Aggregated volume: above)
Price:
-------------------------------- ----------------------------------------
e) Date of the transaction: 09/08/2023
11:00 UTC
-------------------------------- ----------------------------------------
f) Place of the transaction: Outside a trading venue
-------------------------------- ----------------------------------------
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END
MSCFLFSLTSILLIV
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