19 August
2024
SUNRISE RESOURCES
PLC
("Sunrise" or the "Company")
Issue and Allotment of Ordinary Shares
following Conversion & TVR
The Company hereby announces the conversion of
an amount of £40,000 of the First Convertible Security issued on 6
December 2022, details of which were announced to the market on 7
December 2022. The First Convertible Security was issued pursuant
to the Convertible Securities Issuance Deed dated 29 November 2022
as amended by a Deed of Amendment dated 2 June 2023, details of
which were announced to the market on 30 November 2022 and 5 June
2023 respectively.
The Conversion Price is 0.03 pence per share and
total of 133,333,333 new ordinary shares (the "Conversion Shares")
fall to be issued.
Application will be made for the Conversion
Shares to be admitted to trading on AIM. ("Admission"). Admission
is expected to occur on or around Friday 23 August 2024.
Following the issue of the Conversion the face
value of the First Convertible Security will be reduced to
£45,000.
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, following the issue of the
Conversion Shares, the Company will have 4,944,980,696 shares in
issue with each share carrying the right to one vote. There are no
shares currently held in treasury. The total number of voting
rights in the Company is therefore 4,944,980,696 and this figure
may be used by shareholders as the denominator for the calculations
by which they 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.
For more information please contact:
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 contained within this
announcement is deemed by the Company to constitute inside
information as stipulated under 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'). Upon the
publication of this announcement via Regulatory Information Service
('RIS'), this inside information is now considered to be in the
public domain.
Nominated
Adviser
Beaumont Cornish Limited ("Beaumont
Cornish") is the Company's Nominated Adviser and is authorised and
regulated by the FCA. Beaumont Cornish's responsibilities as the
Company's Nominated Adviser, including a responsibility to advise
and guide the Company on its responsibilities under the AIM Rules
for Companies and AIM Rules for Nominated Advisers, are owed solely
to the London Stock Exchange. Beaumont Cornish is not acting for
and will not be responsible to any other persons for providing
protections afforded to customers of Beaumont Cornish nor for
advising them in relation to the proposed arrangements described in
this announcement or any matter referred to in it.
Shares in the Company trade on AIM. EPIC:
"SRES".
Website: www.sunriseresourcesplc.com
