We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now


It looks like you aren't logged in.
Click the button below to log in and view your recent history.


New Trading Tool: Live US Options Flow! Try it out.

SRES.GB Sunrise Resources Plc

-0.0075 (-9.38%)
21 Sep 2023 - Closed
Realtime Data

Register Free for Streaming Quotes & Tools

Register for Free to get streaming quotes, interactive charts, trades, portfolio, live options flow and more.

Share Name Share Symbol Market Type Share ISIN Share Description
Sunrise Resources Plc AQSE:SRES.GB Aquis Stock Exchange Ordinary Share GB00B075Z681
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0075 -9.38% 0.0725 0.055 0.075 0.08 0.065 0.08 0.00 16:29:47
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Sunrise Resources Plc ISSUE OF WARRANTS (0727U)

24/03/2023 7:00am

UK Regulatory (RNS & others)

Sunrise Resources (AQSE:SRES.GB)
Historical Stock Chart

From Mar 2023 to Sep 2023

Click Here for more Sunrise Resources Charts.


RNS Number : 0727U

Sunrise Resources Plc

24 March 2023

24 March 2023


("Sunrise" or "the Company")


Sunrise Resources plc wishes to advise that it has issued a total of 25 million warrants over new Ordinary Shares (the "New Warrants") representing 0.64% of the Company's issued ordinary share capital to the Executive Chairman of the Company, Patrick Cheetham, in connection with a remuneration incentive scheme proposed by the Remuneration Committee and agreed by the Board.

The New Warrants will have an exercise price of 0.15 pence, a 67% premium to yesterday's closing market mid-price.

The New Warrants will have a five-year term but will only vest (i.e. become exercisable) if during 2023:

-- Tolsa USA Inc ("Tolsa") exercises its option to acquire the Company's Pioche Project (see RNS of 21 December 2022), or

-- The Company enters into a substantive agreement (in the opinion of the Remuneration Committee) that could result in the development of the CS Project.

If the New Warrants do not vest in 2023 the warrants will expire.

Commenting today, Mr Roger Murphy, Chairman of the Remuneration Committee, said:

" We think these are realistic goals and achievable within the vesting period. The development of the CS Project remains our key objective, and whilst the exercise of the option held by Tolsa over our Pioche Project is a matter for their decision, we think it is an appropriate Key Performance Indicator. The Pioche Project was generated and acquired under Mr Cheetham's initiatives at very low cost. As Tolsa has quickly demonstrated, it has the potential to generate both a substantial cash return and an ongoing royalty stream if the option is exercised by the end of 2023 deadline."

The New Warrants will also vest in the event that there is a change in control of the Company.

Further information:

 Sunrise Resources plc           Tel: +44 (0)1625 838 884 
  Patrick Cheetham, Executive 
                                 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').


 .1   Details of the person discharging managerial responsibilities/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,   Warrants, each warrant 
       type of instrument:                        to subscribe for one 
       Identification code:                       ordinary share of 0.01p 
                                                  GB0008854563 (Ordinary 
     -----------------------------------------  ------------------------------- 
 b)   Nature of the transaction:                 Grant of warrants to 
                                                  subscribe for new ordinary 
     -----------------------------------------  ------------------------------- 
 c)   Price(s) and volume(s):                      Price(s)         Volume(s) 
                                                    Exercise price   25,000,000 
                                                     of 0.15 pence    warrants 
     -----------------------------------------  ------------------------------- 
 d)   Aggregated information:                    Single transaction as 
       Aggregated volume:                         in 4 c) above 
       Price:                                     25,000,000 warrants 
     -----------------------------------------  ------------------------------- 
 e)   Date of the transaction:                   22 March 2023 
                                                  15.00 UTC 
     -----------------------------------------  ------------------------------- 
 f)   Place of the transaction:                  Outside a trading venue 
     -----------------------------------------  ------------------------------- 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.



(END) Dow Jones Newswires

March 24, 2023 03:00 ET (07:00 GMT)

1 Year Sunrise Resources Chart

1 Year Sunrise Resources Chart

1 Month Sunrise Resources Chart

1 Month Sunrise Resources Chart
Your Recent History
Sunrise Re..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 | support@advfn.com

V: gb D: 20230922 02:18:50