23
February 2024
SUNRISE RESOURCES
PLC
("Sunrise" or "the
Company")
DIRECTOR DEALING, ISSUE OF
EQUITY & TOTAL VOTING RIGHTS
Sunrise Resources plc 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 again be
receiving settlement of a portion of their outstanding fees in
ordinary shares of 0.001 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. The
Company is also settling a portion of fees payable to a supplier in
Ordinary Shares at the same price.
Yesterday, 22 February 2024, the
Board resolved to issue a total of 55,252,000 Ordinary Shares (the "New Ordinary Shares") being 27,474,222
New Ordinary Shares to be issued to the directors in settlement of
a portion of outstanding net fees, for the seven-month period ended
31 October 2023, and 27,777,778 New Ordinary Shares to be
issued to Mining and Metals Research Corporation.
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 New Ordinary Shares
issued
|
Total interest in Ordinary Shares following
Admission
|
% of
Company's issued share capital following
Admission
|
|
Patrick Cheetham*
|
3,047,556
|
258,832,572
|
6.24
|
|
Roger Murphy
|
12,213,333
|
90,999,010
|
2.19
|
|
James Cole
|
12,213,333
|
32,768,986
|
0.79
|
* includes 5,500,000 shares held by K
E Cheetham, wife of P Cheetham.
The New Ordinary Shares were issued
at a price of 0.045 pence per share, being the closing mid-market
price on AIM on Tuesday 21 February 2024.
Application will be made to the
London Stock Exchange for 55,252,000 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 Thursday 29 February 2024.
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 4,150,314,030 Ordinary Shares.
The above figure of 4,150,314,030
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
Patrick Cheetham, Executive
Chairman
|
Tel:
+44 (0)1625 838 884
|
|
Beaumont Cornish Limited
Nominated Adviser
James Biddle/Roland
Cornish
|
Tel:
+44 (0)207 628 3396
|
|
Peterhouse Capital Limited
Broker
Lucy Williams/Duncan Vasey
|
Tel:
+44 (0)207 469 0930
|
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 /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 financial
instrument, type of instrument
|
Ordinary Shares of 0.001p
each
|
|
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)
|
|
0.045 pence
|
3,047,556
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A (Single transaction)
|
|
e)
|
Date of the transaction
|
22/02/2024
13:00 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 /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 financial
instrument, type of instrument
|
Ordinary Shares of 0.001p
each
|
|
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)
|
|
0.045 pence
|
12,213,333
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A (single issue of shares in lieu
of fees as in 4 c) above)
|
|
e)
|
Date of the transaction
|
22/02/2024
13:00 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
|
James Cole
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Non-executive director
|
|
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 financial instrument, type of instrument
|
Ordinary
Shares of 0.001p each
|
|
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)
|
|
0.045
pence
|
12,213,333
|
|
|
|
d)
|
Aggregated
information
-
Aggregated volume
-
Price
|
N/A (single
issue of shares in lieu of fees as in 4 c) above)
|
|
e)
|
Date of the
transaction
|
22/02/2024
13:00 UTC
|
|
f)
|
Place of
the transaction
|
Outside a
trading venue (XOFF)
|