TIDMSRES

RNS Number : 1988A

Sunrise Resources Plc

31 January 2022

31 January 2022

SUNRISE RESOURCES PLC

("Sunrise" or "the Company")

Warrant Exercise

Sunrise Resources plc, the AIM-traded company focusing on the development of its CS Pozzolan-Perlite Project in Nevada, USA, announces it has received notice to exercise warrants over 500,000 new ordinary shares of 0.1 pence each in the Company ("the Warrant Shares") from Mrs Judith Hayes, an employee of Tertiary Minerals plc which is providing management services to the Company.

The exercise price of the Warrant Shares is 0.135 pence per Warrant and payment has been received by the Company.

The Warrant Shares will rank pari passu with the existing Ordinary Shares and application will be made to the London Stock Exchange for the Warrant Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on or around Friday 4 February 2022.

Total Voting Rights

For the purposes of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Board of Sunrise hereby notifies the market that further to Admission, the Company's issued share capital will consist of 3,711,086,466 Ordinary Shares with a nominal value of 0.1p each, with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury.

Therefore, the total number of Ordinary Shares in the Company with voting rights will be 3,711,086,466. This figure may be used by Shareholders in the Company as denominator for the calculations by which they may determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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 
                                 Tel: +44 (0)207 469 0930 
   Peterhouse Capital Limited 
   Broker 
   Lucy Williams/Duncan Vasey 
 
 

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                                  Judith Hayes 
     -----------------------------------  ---------------------------------- 
2    Reason for the notification 
     ----------------------------------------------------------------------- 
a)   Position/status                       Administration Manager 
     -----------------------------------  ---------------------------------- 
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            Exercise of Warrants 
     -----------------------------------  ---------------------------------- 
c)   Price(s) and volume(s)                Price(s)             Volume(s) 
     -----------------------------------  --------------------  ------------ 
   0.135 pence                                                  500,000 
  ------------------------------------------------------------  ------------ 
d)   Aggregated information                N/A (Single transaction) 
      - Aggregated volume 
      - Price 
     -----------------------------------  ---------------------------------- 
e)   Date of the transaction               31/01/2022 
    14:00 UTC 
  -------------------------------------------------------------------------- 
f)   Place of the transaction              Outside a trading venue (XOFF) 
     -----------------------------------  ---------------------------------- 
 

Shares in the Company trade on AIM. EPIC: "SRES". Website: www.sunriseresourcesplc.com

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END

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January 31, 2022 10:40 ET (15:40 GMT)

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