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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sunrise Resources Plc | LSE:SRES | London | Ordinary Share | GB00B075Z681 | ORD 0.001P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0475 | 0.045 | 0.05 | 0.0475 | 0.0475 | 0.0475 | 0.00 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Misc Nonmtl Minrls, Ex Fuels | 0 | -391k | -0.0001 | -5.00 | 2.05M |
From May 2019 to May 2024
TIDMSRES
RNS Number : 4231B
Sunrise Resources Plc
03 April 2017
3 April 2017
SUNRISE RESOURCES PLC
(the "Company")
Director Dealing, Issue of Equity, Total Voting Rights
Sunrise Resources plc (ticker symbol 'SRES'), the AIM-quoted diversified mineral exploration and development company ("the Company"), announces that pursuant to terms agreed on 20 August 2008, the directors of the Company will be receiving their net 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. This enables the Company to preserve cash for its exploration activities.
On Monday 3 April 2017, the Board resolved to issue a total of 14,305,500 Ordinary Shares to the directors, in lieu of net fees, for the nine month period ended 31 March 2017. The Ordinary Shares were issued at a price of 0.11 pence per share, being the closing mid-market price on Friday 31 March 2017.
The following table shows the number of Ordinary Shares issued to the directors and their total holdings following the issue of the Ordinary Shares:
Hot Features
Premium
Director Number of Total interest % of Company's
Ordinary Shares in Ordinary issued share capital
issued Shares following following Admission
Admission
------------------ ----------------- ------------------ ----------------------
Patrick Cheetham 3,964,727 *79,741,326 5.39%
------------------ ----------------- ------------------ ----------------------
David Swan 4,152,000 12,862,863 0.87%
------------------ ----------------- ------------------ ----------------------
Roger Murphy 6,188,773 23,491,621 1.59%
------------------ ----------------- ------------------ ----------------------
* includes 5,500,000 shares held by K E Cheetham, wife of P Cheetham.
Application will be made to the London Stock Exchange for 14,305,500 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 7 April 2017.
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 1,479,015,667 Ordinary Shares.
The above figure of 1,479,015,667 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 Northland Capital Partners Limited Nominated Adviser & Broker Edward Hutton/David Hignell John Howes/Rob Rees Tel: +44 (0)20 3861 6625 Beaufort Securities Limited Joint Broker Jon Belliss Tel: +44 (0)20 7382 8300
Market Abuse Regulation
The information set out below is provided in accordance with the requirements of Article 19(3) of Regulation (EU) No.596/2014 of the European Parliament and of the Council.
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 lieu
of net fees
---- ------------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---- ------------------------------------- --------------------- -----------------
0.11 pence 3,964,727
---------------------------------------------------------------- -----------------
d) Aggregated information
- Aggregated volume Volume: 3,964,727
- Price Price: 0.11 pence
---- ------------------------------------- ----------------------------------------
e) Date of the transaction 2017- 04-03
10:00 UTC
-----------------------------------------------------------------------------------
f) Place of the transaction London Stock Exchange
---- ------------------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
I person closely associated
---- -------------------------------------------------------------------------------
a) Name David Swan
---- ------------------------------------- ----------------------------------------
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 lieu
of net fees
---- ------------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---- ------------------------------------- --------------------- -----------------
0.11 pence 4,152,000
---------------------------------------------------------------- -----------------
d) Aggregated information
- Aggregated volume Volume: 4,152,000
- Price Price: 0.11 pence
---- ------------------------------------- ----------------------------------------
e) Date of the transaction 2017-04-03
10:00 UTC
---- ------------------------------------- ----------------------------------------
f) Place of the transaction London Stock Exchange
---- ------------------------------------- ----------------------------------------
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 lieu
of net fees
---- ------------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---- ------------------------------------- --------------------- -----------------
0.11 pence 6,188,773
---------------------------------------------------------------- -----------------
d) Aggregated information
- Aggregated volume Volume: 6,188,773
- Price Price: 0.11 pence
---- ------------------------------------- ----------------------------------------
e) Date of the transaction 2017-04-053
10:00 UTC
-----------------------------------------------------------------------------------
f) Place of the transaction London Stock Exchange
---- ------------------------------------- ----------------------------------------
Notes:
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No.596/2014 of the European Parliament and of the Council.
Notes to Editors:
About Sunrise Resources plc
Sunrise Resources plc is an AIM-traded diversified mineral exploration and development company.
The Company's objective is to develop profitable mining operations to sustain the Company's wider exploration efforts and create value for shareholders through the discovery of world-class deposits.
The Company holds a portfolio of industrial minerals projects in Nevada, USA including deposits of diatomite, natural pozzolan and high-grade limestone. It is also exploring for silver, gold and diamonds in Nevada and Western Australia.
Shares in the Company trade on AIM under the symbol "SRES".
Website: www.sunriseresourcesplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCSSSFLDFWSELL
(END) Dow Jones Newswires
April 03, 2017 10:45 ET (14:45 GMT)
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