TIDMSRES
RNS Number : 9564X
Sunrise Resources Plc
10 January 2022
10 January 2022
SUNRISE RESOURCES PLC
("Sunrise" or "the Company")
DIRECTOR DEALING, ISSUE OF EQUITY & TOTAL VOTING RIGHTS
Sunrise announces that pursuant to terms first agreed on 20
August 2008, and in order for the Company to preserve cash for its
project activities, the directors of the Company will be receiving
settlement of a portion of their outstanding fees in Ordinary
Shares of 0.1 pence each in the Company ("Ordinary Shares"),
calculated with reference to the closing mid-market price on the
trading day prior to the issue of the Ordinary Shares.
Today, Monday 10 January 2022, the Board resolved to issue a
total of 8,781,779 new Ordinary Shares to the directors, in
settlement of a portion of outstanding net fees, for the six-month
period ended 30 September 2021. The Ordinary Shares were issued at
a price of 0.19 pence per share, being the closing mid-market price
on AIM on Friday 7 January 2022.
The following table shows the number of new Ordinary Shares
issued to the directors and their total holdings following the
issue of the Ordinary Shares:
Director Number of Total interest % of Company's
Ordinary Shares in Ordinary issued share capital
issued Shares following following Admission
Admission
----------------- ------------------
Patrick Cheetham* 2,526,316 236,820,232 6.38
------------------- ----------------- ------------------ ----------------------
Roger Murphy 4,030,526 58,972,756 1.59
------------------- ----------------- ------------------ ----------------------
James Cole 2,224,937 2,224,937 0.06
------------------- ----------------- ------------------ ----------------------
* includes 5,500,000 shares held by K E Cheetham, wife of P
Cheetham.
Application will be made to the London Stock Exchange for
8,781,779 Ordinary Shares, which will rank pari passu with the
existing Ordinary Shares, to be admitted to trading on AIM
("Admission"), and it is expected that Admission will occur on or
around Monday 17 January 2022.
Total Voting Rights
In accordance with Financial Conduct Authority's Disclosure
Guidance and Transparency Rules ("DTRs"), following the issue and
Admission, the total issued share capital of the Company with
voting rights will be 3,710,586,466 Ordinary Shares.
The above figure of 3,710,586,466 Ordinary Shares may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the DTRs.
Further information:
Sunrise Resources plc Tel: +44 (0)1625 838 884
Patrick Cheetham, Executive
Chairman
Tel: +44 (0)207 628 3396
Beaumont Cornish Limited
Nominated Adviser
James Biddle/Roland Cornish
Market Abuse Regulation (MAR) Disclosure
The information set out below is provided in accordance with the
requirements of Article 19(3) of the Market Abuse Regulations (EU)
No. 596/2014 which forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 ('MAR').
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM.
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 Initial notification
/Amendment
----------------------------------- ----------------------------------------------
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 Ordinary Shares of 0.1p each
financial instrument,
type of instrument
----------------------------------- ----------------------------------------------
Identification code GB00B075Z681
----------------------------------- ----------------------------------------------
b) Nature of the transaction Issue of new Ordinary Shares in settlement
of a portion of the director's outstanding
fees
----------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------------- ------------------------- -------------------
0.19 pence 2,526,316
----------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
----------------------------------- ----------------------------------------------
e) Date of the transaction 10/01/2022
10:45 UTC
--------------------------------------------------------------------------------------
f) Place of the transaction Outside a trading venue (XOFF)
----------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
I person closely associated
a) Name Roger Murphy
----------------------------------- ----------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Non-executive director
----------------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
----------------------------------- ----------------------------------------------
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 Ordinary Shares of 0.1p each
financial instrument,
type of instrument
----------------------------------- ----------------------------------------------
Identification code GB00B075Z681
----------------------------------- ----------------------------------------------
b) Nature of the transaction Issue of new Ordinary Shares in settlement
of a portion of the director's outstanding
fees
----------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------------- ------------------------- -------------------
0.19 pence 4,030,526
----------------------------------------------------------------- -------------------
d) Aggregated information N/A (Single transaction)
- Aggregated volume
- Price
----------------------------------- ----------------------------------------------
e) Date of the transaction 10/01/2022
10:45 UTC
--------------------------------------------------------------------------------------
f) Place of the transaction Outside a trading venue (XOFF)
----------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
I person closely associated
a N a me James Cole
)
---------------------------------- -----------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a Position / s t a tus Non-executive director
)
---------------------------------- -----------------------------------------------
b) Initial notification Initial notification
/ Amendment
---------------------------------- -----------------------------------------------
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 fina Ordinary Shares of 0.1p each
) n cial instrume n t
, type of ins t rument
---------------------------------- -----------------------------------------------
Identification code GB00B075Z681
---------------------------------- -----------------------------------------------
b) Nature of t h e transact Issue of new Ordinary Shares in settlement
i o n of a portion of the director's outstanding
fees
---------------------------------- -----------------------------------------------
c) Price(s) a n d vo l Price(s) Vo l ume (s)
ume (s)
---------------------------------- ----------------------- ----------------------
0.19 pence 2,224,937
--------------------------------------------------------------- ----------------------
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
---------------------------------- -----------------------------------------------
e) Date of the transaction 10/01/2022
10:45 UTC
---------------------------------------------------------------------------------------
f) Place of the transaction Outside a trading venue (XOFF)
---------------------------------- -----------------------------------------------
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END
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January 10, 2022 07:21 ET (12:21 GMT)
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