Last checked at 10 Jan 2022 12:21
SUNRISE RESOURCES PLC
("Sunrise" or "the Company")
DIRECTOR DEALING, ISSUE OF EQUITY & TOTAL VOTING RIGHTS
Sunrise announces that 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 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.
Today, Monday 10 January 2022, the Board resolved to issue a total of 8,781,779 new Ordinary Shares to the directors, in settlement of a portion of outstanding net fees, for the six-month period ended 30 September 2021. The Ordinary Shares were issued at a price of 0.19 pence per share, being the closing mid-market price on AIM on Friday 7 January 2022.
The following table shows the number of new Ordinary Shares issued to the directors and their total holdings following the issue of the Ordinary Shares:
Director
| Number of Ordinary Shares issued | Total interest in Ordinary Shares following Admission | % of Company's issued share capital following Admission |
Patrick Cheetham* | 2,526,316 | 236,820,232 | 6.38 |
Roger Murphy | 4,030,526 | 58,972,756 | 1.59 |
James Cole | 2,224,937 | 2,224,937 | 0.06 |
* includes 5,500,000 shares held by K E Cheetham, wife of P Cheetham.
Application will be made to the London Stock Exchange for 8,781,779 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 Monday 17 January 2022.
Total Voting Rights
In accordance with Financial Conduct Authority's Disclosure Guidance and Transparency Rules ("DTRs"), following the issue and Admission, the total issued share capital of the Company with voting rights will be 3,710,586,466 Ordinary Shares.
The above figure of 3,710,586,466 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 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 |
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 /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 0.1p each | |
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) |
0.19 pence | 2,526,316 | ||
d) | Aggregated information - Aggregated volume - Price
|
N/A (Single transaction)
| |
e) | Date of the transaction | 10/01/2022 10:45 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 /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 0.1p each | |
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) |
0.19 pence | 4,030,526 | ||
d) | Aggregated information - Aggregated volume - Price
| N/A (Single transaction)
| |
e) | Date of the transaction | 10/01/2022 10:45 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 | James Cole | |
2 | Reason for the notification | ||
a) | Position/status | Non-executive director | |
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 0.1p each | |
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) |
0.19 pence | 2,224,937 | ||
d) | Aggregated information - Aggregated volume - Price
|
N/A (Single transaction)
| |
e) | Date of the transaction | 10/01/2022 10:45 UTC
| |
f) | Place of the transaction | Outside a trading venue (XOFF) | |