Last checked at 9 Dec 2008 09:45
Sunrise Diamonds plc
www.sunrisediamonds.com
9 December 2008
At a Board meeting of Sunrise Diamonds plc held on 8 December 2008, the Board resolved to issue 6,000,000 warrants to employees and directors of the Company. The issue included the following Directors:
P.Cheetham : 2,000,000
F.Johnstone : 1,000,000
N.Herbert : 1,000,000
Each warrant is convertible to one new ordinary share at the price of 0.575 pence per share (the closing mid-market price on 8 December 2007) at any time within 4 years from 8 December 2009.
As a result of this issue of warrants the total number of warrants currently held by each Director is as follows:
P. Cheetham : 3,500,000
F. Johnstone : 2,000,000
N. Herbert : 2,000,000
Further Information:
Patrick Cheetham, Sunrise Diamonds plc. Tel: +44 (0)1625-505947. Mobile: +44 (0)7767-458751
Brett Miller, Ruegg & Co Limited Tel: +44 (0)20 7584 3663