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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 Apr 2019 to Apr 2024
TIDMSRES
RNS Number : 2465V
Sunrise Resources Plc
01 November 2017
1 November 2017
SUNRISE RESOURCES PLC
(the "Company")
Director Dealing, Issue of Equity, Total Voting Rights
Sunrise Resources plc, the AIM-traded company focusing on the development of its CS Pozzolan-Perlite Project in Nevada, USA, 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 Tuesday 31 October 2017, the Board resolved to issue a total of 6,802,353 Ordinary Shares to the directors, in lieu of net fees, for the six month period ended 30 September 2017. The Ordinary Shares were issued at a price of 0.17 pence per share, being the closing mid-market price on AIM on Monday 30 October 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 1,764,706 81,506,032 4.50
------------------ ----------------- ------------------ ----------------------
David Swan 2,117,647 14,980,510 0.83
------------------ ----------------- ------------------ ----------------------
Roger Murphy 2,920,000 26,411,621 1.46
------------------ ----------------- ------------------ ----------------------
* includes 5,500,000 shares held by K E Cheetham, wife of P Cheetham.
Application will be made to the London Stock Exchange for 6,802,353 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 November 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 1,810,818,020 Ordinary Shares.
The above figure of 1,810,818,020 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)
---- ------------------------------------- --------------------- -----------------
0.17 pence 1,764,706
---------------------------------------------------------------- -----------------
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
---- ------------------------------------- ----------------------------------------
e) Date of the transaction 2017- 10 -31
10:00 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 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)
---- ------------------------------------- --------------------- -----------------
0.17 pence 2,117,647
---------------------------------------------------------------- -----------------
d) Aggregated information N/A (Single transaction)
- Aggregated volume
- Price
---- ------------------------------------- ----------------------------------------
e) Date of the transaction 2017- 10 -31
10:00 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 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)
---- ------------------------------------- --------------------- -----------------
0.17 pence 2,920,000
---------------------------------------------------------------- -----------------
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
---- ------------------------------------- ----------------------------------------
e) Date of the transaction 2017- 10 -31
10:00 UTC
-----------------------------------------------------------------------------------
f) Place of the transaction Outside a trading venue (XOFF)
---- ------------------------------------- ----------------------------------------
Notes to Editors:
About Natural Pozzolan
Pozzolan is a cementitious material that can partially replace ordinary Portland cement in cement and concrete mixes in amounts up to 35%. Natural pozzolans, therefore, have strong "green" credentials as the production of Portland cement is responsible for 5% of the global man-made carbon dioxide emissions with nearly one tonne of carbon dioxide (CO(2) ) generated for each tonne of cement produced. Natural pozzolans can also improve the strength and chemical resistance of concrete. Natural pozzolans can also replace industrial by-product pozzolans in cement such as coal fly ash. The availability and quality of fly ash is under threat as coal-fired power stations are phased out in favour of natural gas plants and fly ash quality becomes more variable due to increased emission control legislation.
About Perlite
Perlite is a glassy raw material which, when heated in a furnace, pops like popcorn and expands by up to 20 times in volume into a white or pale coloured, low density material. Expanded perlite is used in various industrial and household applications such as insulation, paint texturing, building materials, filter aids, insulating industrial cryogenic storage vessels and as a potting medium in gardening and horticulture to aid water retention and aeration of the soil. Some perlites can also be used as a natural pozzolan.
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
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(END) Dow Jones Newswires
November 01, 2017 06:09 ET (10:09 GMT)
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