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Last checked at 
18 Jul 2019 07:00
(the "Company")
18 July 2019
DIRECTORS SHARE PURCHASE
Sunrise Resources is pleased to announce that on 17 July 2019 its Chairman, Patrick Cheetham, purchased 31,500,000 existing ordinary shares in the Company ("the Sunrise Shares") and as a result has increased the number of shares in which he is beneficially interested to 125,593,683 ordinary shares representing 4.57% of the Company's issued ordinary share capital.
The Sunrise Shares were purchased from Tertiary Minerals plc in compliance with the Company's Share Dealing Policy at a price of 0.08p per share, being the market price at the time of the acquisition. Immediately following the transaction Tertiary Minerals will hold 79,454,787 ordinary shares in the Company representing 2.89% of the Company's issued ordinary share capital. The Sunrise Shares have been purchased in Mr. Cheetham's SIPP.
Commenting today Sunrise Executive Chairman Patrick Cheetham said: "I am pleased to be acquiring a further stake in Sunrise at this exciting stage in the Company's development. The Board expects its working relationship with Tertiary will be unaffected by this transaction as Tertiary continues to provide management services to Sunrise at cost, to the benefit of both companies."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014
.
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 |
SVS Securities Plc Broker Tom Curran/Ben Tadd | Tel: +44 (0)203 700 0093 |
Shares in the Company trade on AIM under the symbol "SRES" and also on the NEX Exchange (Secondary Market).
Market Abuse Regulation
The information set out below is provided in accordance with the requirements of Article 19(3) of Regulation (EU) No.596/2014 of the European Parliament and of the Council.
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 0.1 pence each | |
Identification code | GB00B075Z681
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b) | Nature of the transaction | Buying | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
0.08 pence | 31,500,000 | ||
d) | Aggregated information - Aggregated volume - Price
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N/A (Single transaction)
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e) | Date of the transaction | 17 July 2019 16:15 UTC
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f) | Place of the transaction | Outside a trading venue (XOFF)
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TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i | ||||||
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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | Sunrise Resources plc | |||||
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
Non-UK issuer |
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2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
An acquisition or disposal of voting rights | ü | |||||
An acquisition or disposal of financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify)iii: |
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3. Details of person subject to the notification obligationiv | ||||||
Name | Tertiary Minerals plc | |||||
City and country of registered office (if applicable) | Macclesfield, UK | |||||
4. Full name of shareholder(s) (if different from 3.)v | ||||||
Name | N/A | |||||
City and country of registered office (if applicable) |
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5. Date on which the threshold was crossed or reachedvi: | 17 July 2019 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 17 July 2019 | |||||
7. Total positions of person(s) subject to the notification obligation | ||||||
| % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments(total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights of issuervii | ||
Resulting situation on the date on which threshold was crossed or reached | 2.89% | N/A | 2.89% | 79,454,787 | ||
Position of previous notification (if applicable) | 4.04% | N/A | 4.04% |
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii | |||||||||
A: Voting rights attached to shares | |||||||||
Class/type ofshares ISIN code (if possible) | Number of voting rightsix | % of voting rights | |||||||
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | ||||||
GB00B075Z681 | 5,011,388 | 74,443,399 | 0.18% | 2.71% | |||||
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SUBTOTAL 8. A |
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B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||
Type of financial instrument | Expirationdatex | Exercise/Conversion Periodxi | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||
N/A |
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| SUBTOTAL 8. B 1 |
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B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | |||||||||
Type of financial instrument | Expirationdatex | Exercise/Conversion Period xi | Physical or cash settlementxii | Number of voting rights | % of voting rights | ||||
N/A |
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| SUBTOTAL 8.B.2 |
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9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") | ||||
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | N/A | |||
Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | N/A | |||
Namexv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | |
N/A |
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10. In case of proxy voting, please identify: | ||||
Name of the proxy holder | N/A | |||
The number and % of voting rights held | N/A | |||
The date until which the voting rights will be held | N/A | |||
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11. Additional informationxvi | ||||
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Place of completion | London, UK |
Date of completion | 17 July 2019 |
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