Sunrise Resources Plc Issue of Equity & TVR (6653V)
06 April 2023 - 1:38PM
UK Regulatory
TIDMSRES
RNS Number : 6653V
Sunrise Resources Plc
06 April 2023
6 April 2023
SUNRISE RESOURCES PLC
("Sunrise" or the "Company")
Issue of Equity & TVR
Further to its announcement of 30 November 2022, Sunrise
Resources plc ("Sunrise" or the "Company") wishes to announce that
it is redeeming a 1/8(th) portion of the first GBP200,000
Convertible Security issued to Towards Net Zero, LLC (the
"Investor" and the "Convertible Security") through the issue of
Ordinary Shares in the Company.
A total of 35,714,286 new ordinary shares of 0.1p each (the
"Redemption Shares") are being issued at a price of 0.1p each in
connection with this redemption and application will be made for
the Redemption Shares to be admitted to trading on AIM.
("Admission"). Admission is expected to occur on or around Friday
14 April 2023.
On issue of the Redemption Shares the face value of the
Convertible Security value will be reduced to GBP175,000.
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, following Admission of the Redemption Shares, the
Company will have 3,969,389,373 shares in issue with each share
carrying the right to one vote. There are no shares currently held
in treasury. The total number of voting rights in the Company is
therefore 3,969,389,373 and this figure may be used by shareholders
as the denominator for the calculations by which they 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
Shares in the Company trade on AIM. EPIC: "SRES".
Website: www.sunriseresourcesplc.com
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
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'). Upon the publication of this announcement via
Regulatory Information Service ('RIS'), this inside information is
now considered to be in the public domain.
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END
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