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24 Jul 2009 13:43
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24 July 2009
SUNRISE DIAMONDS PLC
DIRECTORS' SHARE ISSUE
Sunrise DiamondsΒ plcΒ ("Sunrise" or "the Company"Β -Β AIM: SDS)Β announces that on 23 July 2009, the directors agreed to issue new ordinary shares in the Company to its directors in lieu of fees for theΒ six monthΒ period ending 30 June 2009.
Accordingly, Patrick Cheetham, Executive Chairman,Β and non-executive directorΒ Francis JohnstoneΒ have each beenΒ issuedΒ withΒ 496,430Β new ordinary shares. Neil Herbert, non-executive director,Β has been issued withΒ 460,730Β new ordinary shares. In each case, the shares were issued at an issue price ofΒ 0.6Β penceΒ per share, being the closing mid-market price ofΒ theΒ ordinary sharesΒ on 22 JulyΒ 2009.
Following these issues, Patrick Cheetham, together with his wife K Cheetham,Β is interested inΒ 9,826,062Β ordinary shares, representingΒ 5.23%Β of the enlarged issued share capital,Β Francis Johnstone, non-executive director,Β is interested inΒ 2,558,488Β ordinary shares,Β being 1.36% per centΒ of the enlarged issued share capital, andΒ Neil Herbert, non-executive director,Β is interested inΒ 2,450,128Β ordinary shares,Β beingΒ 1.30%Β of the enlarged issued share capital.
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Following these issues, theΒ total number of ordinary shares in issue will beΒ 187,783,377.
Application has been made for theΒ 1,453,590Β new ordinary shares to be admitted to trading onΒ AIMΒ and admission is expected to occur onΒ 6Β AugustΒ 2009.
For further information contact:
Patrick Cheetham, Sunrise Diamonds plc. Tel: +44 (0)1625 505947
Brett Miller, Ruegg & Co Limited. Tel: +44 (0)20 7584 3663
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