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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 : 6567G
Sunrise Resources Plc
07 November 2018
7 November 2018
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 6 November 2018, the Board resolved to issue a total of 7,650,968 new Ordinary Shares to the directors, in lieu of net fees, for the six-month period ended 30 September 2018. The Ordinary Shares were issued at a price of 0.155 pence per share, being the closing mid-market price on AIM on Monday 5 November 2018.
The following table shows the number of new Ordinary Shares issued to the directors and their total holdings following the issue of the Ordinary Shares:
Hot Features
Premium
Director Number of Ordinary Total interest % of Company's
Shares issued in Ordinary Shares issued share capital
following Admission following Admission
------------------ --------------------
Patrick Cheetham* 1,935,484 85,390,369 3.49
------------------ ------------------ -------------------- ---------------------
David Swan 2,322,581 19,323,338 0.79
------------------ ------------------ -------------------- ---------------------
Roger Murphy 3,392,903 32,806,977 1.34
------------------ ------------------ -------------------- ---------------------
* includes 5,500,000 shares held by K E Cheetham, wife of P Cheetham.
Application will be made to the London Stock Exchange for 7,650,968 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 13 November 2018.
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 2,444,561,032 Ordinary Shares.
The above figure of 2,444,561,032 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 & Joint Broker Matthew Johnson/Edward Hutton/ Jamie Spotswood (Corporate Finance) Isabella Pierre (Corporate Broking) Tel: +44 (0)20 3861 6625 SVS Securities Plc Joint Broker Tom Curran/Ben Tadd Tel: +44 (0)203 700 0093
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)
------------------------------------ ---------------------- ----------------
0.155 pence 1,935,484
---------------------------------------------------------------- ----------------
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
------------------------------------ ----------------------------------------
e) Date of the transaction 06/11/2018
12:05 UTC 11:00 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 Senior 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)
------------------------------------ ---------------------- ----------------
0.155 pence 2,322,581
---------------------------------------------------------------- ----------------
d) Aggregated information N/A (Single transaction)
- Aggregated volume
- Price
------------------------------------ ----------------------------------------
e) Date of the transaction 06/11/2018
12:05 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)
------------------------------------ ---------------------- ----------------
0.155 pence 3,392,903
---------------------------------------------------------------- ----------------
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
------------------------------------ ----------------------------------------
e) Date of the transaction 06/11/2018
12:05 UTC
----------------------------------------------------------------------------------
f) Place of the transaction Outside a trading venue (XOFF)
------------------------------------ ----------------------------------------
About Sunrise Resources plc
The Company's objective is to develop profitable mining operations at the CS Pozzolan-Perlite Project in Nevada, USA and unlock the value inherent in our diverse portfolio of industrial minerals, precious metals and base metal projects.
Shares in the Company trade on AIM under the symbol "SRES" and also on the NEX Exchange (Secondary Market).
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.
END
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(END) Dow Jones Newswires
November 07, 2018 07:34 ET (12:34 GMT)
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