TIDMSRES
RNS Number : 4504V
Sunrise Resources Plc
09 August 2022
9 August 2022
SUNRISE RESOURCES PLC
("Sunrise" or "the Company")
DIRECTOR DEALING, ISSUE OF EQUITY, WARRANTS & TOTAL VOTING
RIGHTS
Sunrise Resources plc, the AIM-traded company focusing on the
development of its CS Pozzolan-Perlite Project in Nevada, USA,
wishes to announce as follows:
Issue of New Ordinary Shares
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.
Yesterday, Monday 8 August 2022, the Board resolved to issue a
total of 12,972,621 New Ordinary Shares to the directors, in
settlement of a portion of outstanding net fees, for the six-month
period ended 31 March 2022. The New Ordinary Shares were issued at
a price of 0.1125 pence per share, being the closing mid-market
price on AIM on Friday 5 August 2022.
The following table shows the number of New Ordinary Shares
issued to the directors and their total holdings following the
issue of the New Ordinary Shares:
Director Number of Total interest % of Company's
New Ordinary in Ordinary issued share capital
Shares issued Shares following following Admission
Admission
--------------- ------------------
Patrick Cheetham* 2,212,764 247,532,996 6.46
------------------- --------------- ------------------ ----------------------
Roger Murphy 6,121,031 65,093,787 1.70
------------------- --------------- ------------------ ----------------------
James Cole 4,638,826 6,863,763 0.18
------------------- --------------- ------------------ ----------------------
* includes 5,500,000 shares held by K E Cheetham, wife of P
Cheetham.
Application will be made to the London Stock Exchange for
12,972,621 New 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 15 August 2022.
Total Voting Rights
In accordance with the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules ("DTRs"), following the issue of
the New Ordinary Shares and Admission, the total issued share
capital of the Company with voting rights will be 3,833,559,087
Ordinary Shares.
The above figure of 3,833,559,087 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.
Issue of Employee Warrants
Also, on Monday 8 August 2022, the Board resolved to issue
warrants to subscribe for Ordinary Shares in the Company as part of
a long-standing annual arrangement as follows:
A total of 8,000,0000 warrants over new Ordinary Shares,
representing 0.21% of the Company's issued share capital after the
issue of the New Ordinary Shares, to employees of Tertiary Minerals
plc ("Tertiary") working on the Company's behalf and to the two
non-executive directors of the Company in connection with their
remuneration as follows:
Grantee No. of Warrants Warrant Exercise Price
(pence per share)
Tertiary Employees
(3) (Total of) 3,000,000 0.1125
--------------------- -----------------------
Non-Executive Director
Roger Murphy 2,500,000 0.1125
--------------------- -----------------------
Non-Executive Director
James Cole 2,500,000 0.1125
--------------------- -----------------------
The Warrant exercise price has been calculated by reference to
the closing mid-market price on AIM on Friday 5 August 2022 being
0.1125 pence. Each warrant entitles the holder to subscribe for one
new Ordinary Share in the Company at their respective warrant
exercise prices at any time within the period of 4 years from 5
August 2023.
This brings the total warrants and options in issue in the
Company to 168,750,000, representing 4.40% of the Company's
enlarged issued share capital.
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)
--------------------------------- --------------------------- -----------------
0.1125 pence 2,212,764
----------------------------------------------------------------- -----------------
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
--------------------------------- ----------------------------------------------
e) Date of the transaction 08/08/2022
13:30 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 & grant of Warrants
-------------------------- ----------------------------------------------
c) Price(s) and volume(s) 1. Shares in Lieu of Fees
-------------------------- ----------------------------------------------
Price(s) Volume(s)
-------------------------- ---------------------- ----------------------
0.1125 pence 6,121,031
----------------------------------------------------- ----------------------
2. Grant of Warrants
-----------------------------------------------------------------------------
Price(s) Volume(s)
----------------------------------------------------- ----------------------
Exercise price of 2,500,000 warrants
0.1125 pence
----------------------------------------------------- ----------------------
d) Aggregated information N/A (single issue of shares in lieu
- Aggregated volume of fees and single issue of Warrants
- Price as in 4 c) above)
-------------------------- ----------------------------------------------
e) Date of the transaction 08/08/2022
13:30 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/st atus 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
) ncial instrument, type
of ins trument
--------------------------- -----------------------------------------------
Identification code GB00B075Z681
--------------------------- -----------------------------------------------
b) Nature of the transact Issue of new Ordinary Shares in settlement
i on of a portion of the director's outstanding
fees & grant of Warrants
--------------------------- -----------------------------------------------
c) Price(s) a nd volume(s) 1. Shares in Lieu of Fees
--------------------------- -----------------------------------------------
Price(s) Volume(s)
--------------------------- ----------------------- ----------------------
0.1125 pence 4,638,826
-------------------------------------------------------- ----------------------
2. Grant of Warrants
--------------------------------------------------------------------------------
Price(s) Vo lume(s)
-------------------------------------------------------- ----------------------
Exercise price of 2,500,000 warrants
0.1125 pence
-------------------------------------------------------- ----------------------
d) Aggregated information N/A (single issue of shares in lieu
- Aggregated volume of fees and single issue of Warrants
- Price as in 4 c) above)
--------------------------- -----------------------------------------------
e) Date of the transaction 08/08/2022
13:30 UTC
--------------------------------------------------------------------------------
f) Place of the transaction Outside a trading venue (XOFF)
--------------------------- -----------------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Sondra Pyrch
-------------------------------- -----------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------
a) Position/status: Management Accountant, Tertiary Minerals
plc
-------------------------------- -----------------------------------------
b) Initial notification/Amendment: Initial notification
-------------------------------- -----------------------------------------
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 Warrants, each warrant to subscribe
financial instrument, for one ordinary share of 0.1p each
type of instrument: GB00B075Z681 (Ordinary Shares)
Identification code:
-------------------------------- -----------------------------------------
b) Nature of the transaction: Grant of warrants to subscribe for
new ordinary shares
-------------------------------- -----------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
Exercise Price 1,000,000 warrants
of 0.1125 pence
-------------------
-------------------------------- -----------------------------------------
d) Aggregated information: N/A (Single transaction as in 4 c)
Aggregated volume: above)
Price:
-------------------------------- -----------------------------------------
e) Date of the transaction: 08/08/2022
13:30 UTC
-------------------------------- -----------------------------------------
f) Place of the transaction: Outside a trading venue
-------------------------------- -----------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Jaelithe Talboom
-------------------------------- -----------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------
a) Position/status: Office Manager, Tertiary Minerals
plc
-------------------------------- -----------------------------------------
b) Initial notification/Amendment: Initial notification
-------------------------------- -----------------------------------------
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 Warrants, each warrant to subscribe
financial instrument, for one ordinary share of 0.1p each
type of instrument: GB00B075Z681 (Ordinary Shares)
Identification code:
-------------------------------- -----------------------------------------
b) Nature of the transaction: Grant of warrants to subscribe for
new ordinary shares
-------------------------------- -----------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
Exercise Price 1,000,000 warrants
of 0.1125 pence
-------------------
-------------------------------- -----------------------------------------
d) Aggregated information: N/A (Single transaction as in 4 c)
Aggregated volume: above)
Price:
-------------------------------- -----------------------------------------
e) Date of the transaction: 08/08/2022
13:30 UTC
-------------------------------- -----------------------------------------
f) Place of the transaction: Outside a trading venue
-------------------------------- -----------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Joel Cheetham
-------------------------------- -----------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------
a) Position/status: Project Manager, Permitting & GIS,
Tertiary Minerals plc
-------------------------------- -----------------------------------------
b) Initial notification/Amendment: Initial notification
-------------------------------- -----------------------------------------
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 Warrants, each warrant to subscribe
financial instrument, for one ordinary share of 0.1p each
type of instrument: GB00B075Z681 (Ordinary Shares)
Identification code:
-------------------------------- -----------------------------------------
b) Nature of the transaction: Grant of warrants to subscribe for
new ordinary shares
-------------------------------- -----------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
Exercise Price 1,000,000 warrants
of 0.1125 pence
-------------------
-------------------------------- -----------------------------------------
d) Aggregated information: N/A (Single transaction as in 4 c)
Aggregated volume: above)
Price:
-------------------------------- -----------------------------------------
e) Date of the transaction: 08/08/2022
13:30 UTC
-------------------------------- -----------------------------------------
f) Place of the transaction: Outside a trading venue
-------------------------------- -----------------------------------------
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END
DSHBXGDIBXGDGDC
(END) Dow Jones Newswires
August 09, 2022 09:36 ET (13:36 GMT)
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