Last checked at 2 Feb 2009 12:17
2nd February 2009
SUNRISE DIAMONDS PLC
DIRECTORS' SHARE ISSUE
At the Sunrise Diamonds Board Meeting held on Friday 30 January 2009, in accordance with an agreement with the Company, the Board issued new shares in lieu of Directors' fees (net of PAYE & N.I.) to Patrick Cheetham, Francis Johnstone and Neil Herbert representing payment for the six month period 1 July to 31 December 2008. The issue price was the closing mid-market price on the day prior to the date of allotment i.e. 0.475p.
| Director | New shares issued | Total holding | Percentage of total shares in issue |
| Patrick Cheetham* | 629,632 | 9,329,632 | 5.01% |
| Francis Johnstone | 626,773 | 2,062,018 | 1.11% |
| Neil Herbert | 578,709 | 1,989,398 | 1.07% |
*including shares held by Karen Cheetham(Patrick Cheetham's wife)
Application has been made for 1,835,114 new ordinary shares to be admitted to trading on AIM and it is expected that such admission will become effective at 8am on Friday 6 February 2009. The total number of shares in issue will then be 186,229,787.
For further information contact:
Patrick Cheetham, Sunrise Diamonds plc. Tel: +44 (0)1625 505947
Roxane Marffy, Ruegg & Co Limited. Tel: +44 (0)20 7584 3663
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