Last checked at 15 Feb 2011 12:34
15 February 2011
SUNRISE RESOURCES PLC
DIRECTORS' SHARE ISSUE
Sunrise Resources plc ("Sunrise" or "the Company" - AIM: SRES) announces that on 14 February 2011, the directors agreed to issue new ordinary shares in the Company to its directors in lieu of net fees for the six month period ending 31 December 2010.
Accordingly, Patrick Cheetham, Executive Chairman, has been issued with 70,918 new ordinary shares, non-executive director Francis Johnstone has been issued with 60,716 new ordinary shares and non-executive director Neil Herbert has been issued with 105,054 new ordinary shares. In each case, the shares were issued at a price of 4.20 pence per share, being the closing mid-market price of the ordinary shares on 10 February 2011.
Following these issues, Patrick Cheetham, together with his wife K Cheetham, is interested in 10,745,874 ordinary shares, representing 3.46 per cent of the enlarged issued share capital, Francis Johnstone is interested in 3,468,058 ordinary shares, being 1.12 per cent. of the enlarged issued share capital, and Neil Herbert is interested in 3,606,699 ordinary shares, being 1.16 per cent of the enlarged issued share capital.
Following these issues, the total number of ordinary shares in issue will be 310,602,701. Application has been made for the 236,688 new ordinary shares to be admitted to trading on AIM and admission is expected to occur on 21 February 2011.
ENQUIRIES
Further Information:
Sunrise Resources plc Tel: +44 (0)845 868 4590
Patrick Cheetham, Executive Chairman Mobile: +44 (0)7767 458751
www.sunriseresourcesplc.com
Northland Capital Partners Limited Tel: +44 (0)20 7492 4750
Gavin Burnell/Rod Venables (Nominated Adviser)
Charles Vaughan (Corporate Broking)
Yellow Jersey PR Tel: +44 (0)20 8980 3545
Dominic Barretto