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SRES Sunrise Resources Plc

0.0475
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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 2,228,216 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

Sunrise Resources Plc Issue of Warrants (9085Q)

22/02/2019 2:51pm

UK Regulatory


Sunrise Resources (LSE:SRES)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Sunrise Resources Charts.

TIDMSRES

RNS Number : 9085Q

Sunrise Resources Plc

22 February 2019

22 February 2019

SUNRISE RESOURCES PLC

(the "Company")

Issue of Warrants

Sunrise Resources plc, the AIM-traded company focusing on the development of its CS Pozzolan-Perlite Project in Nevada, USA, announces that on 21 February 2019 the Board of the Company granted a total of 8,750,000 warrants over Ordinary Shares, representing 0.32% of the Company's issued share capital, to employees of Tertiary Minerals plc working on the Company's behalf, to the Company secretary and to the non-executive directors of the Company in connection with their remuneration as follows: The Warrant exercise price has been calculated by reference to the closing mid-market price on 21 February 2019 being 0.11 pence.

 
 Grantee                   No. of Warrants        Warrant exercise price (pence 
                                                   per share) 
 Tertiary Employees 
  (5)                      (Total of) 3,750,000   0.11 
                          ---------------------  ------------------------------ 
 Company Secretary 
  Mr. Colin Fitch                     1,000,000   0.11 
                          ---------------------  ------------------------------ 
 Non-Executive Director 
  Mr. David Swan                      2,000,000   0.16 
                          ---------------------  ------------------------------ 
 Non-Executive Director 
  Mr. Roger Murphy                    2,000,000   0.16 
                          ---------------------  ------------------------------ 
 

Each warrant entitles the holder to subscribe for one Ordinary Share in the Company at their respective warrant exercise prices at any time within 4 years from 21 February 2020.

Market Abuse Regulation

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further details on the issue of warrants.

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/person 
       closely associated 
 a)   Name:                                      Judith Hayes 
     -----------------------------------------  ------------------------------------------ 
 2.   Reason for the notification 
     ------------------------------------------------------------------------------------- 
 a)   Position/status:                           Administration Manager, 
                                                  Tertiary Minerals plc 
     -----------------------------------------  ------------------------------------------ 
 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 0.1p 
                                                  each 
                                                  GB00B075Z681 (Ordinary 
                                                  Shares) 
     -----------------------------------------  ------------------------------------------ 
 b)   Nature of the transaction:                 Grant of warrants to 
                                                  subscribe for new ordinary 
                                                  shares 
     -----------------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s):                      Price(s)         Volume(s) 
                                                    Exercise Price   750,000 warrants 
                                                     of 0.11 pence 
                                                                    ----------------- 
     -----------------------------------------  ------------------------------------------ 
 d)   Aggregated information:                    Single transaction as 
       Aggregated volume:                         in 4 c) above Price(s)         Volume(s) 
       Price:                                      Exercise price   750,000 warrants 
                                                    of 0.11 pence 
                                                                   ----------------- 
     -----------------------------------------  ------------------------------------------ 
 e)   Date of the transaction:                   21 February 2019 
                                                  10:00 UTC 
     -----------------------------------------  ------------------------------------------ 
 f)   Place of the transaction:                  Outside a trading venue 
     -----------------------------------------  ------------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                      Celia Jill Barnard-Blom 
     -----------------------------------------  ------------------------------------------ 
 2.   Reason for the notification 
     ------------------------------------------------------------------------------------- 
 a)   Position/status:                           Company Accountant, Tertiary 
                                                  Minerals plc 
     -----------------------------------------  ------------------------------------------ 
 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 0.1p 
                                                  each 
                                                  GB00B075Z681 (Ordinary 
                                                  Shares) 
     -----------------------------------------  ------------------------------------------ 
 b)   Nature of the transaction:                 Grant of warrants to 
                                                  subscribe for new ordinary 
                                                  shares 
     -----------------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s):                      Price(s)         Volume(s) 
                                                    Exercise Price   750,000 warrants 
                                                     of 0.11 pence 
                                                                    ----------------- 
     -----------------------------------------  ------------------------------------------ 
 d)   Aggregated information:                    Single transaction as 
       Aggregated volume:                         in 4 c) above Price(s)         Volume(s) 
       Price:                                      Exercise price   750,000 warrants 
                                                    of 0.11 pence 
                                                                   ----------------- 
     -----------------------------------------  ------------------------------------------ 
 e)   Date of the transaction:                   21 February 2019 
                                                  10:00 UTC 
     -----------------------------------------  ------------------------------------------ 
 f)   Place of the transaction:                  Outside a trading venue 
     -----------------------------------------  ------------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                      Jaelithe Talboom 
     -----------------------------------------  ------------------------------------------ 
 2.   Reason for the notification 
     ------------------------------------------------------------------------------------- 
 a)   Position/status:                           Business Assistant, Tertiary 
                                                  Minerals plc 
     -----------------------------------------  ------------------------------------------ 
 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 0.1p 
                                                  each 
                                                  GB00B075Z681 (Ordinary 
                                                  Shares) 
     -----------------------------------------  ------------------------------------------ 
 b)   Nature of the transaction:                 Grant of warrants to 
                                                  subscribe for new ordinary 
                                                  shares 
     -----------------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s):                      Price(s)         Volume(s) 
                                                    Exercise Price   750,000 warrants 
                                                     of 0.11 pence 
                                                                    ----------------- 
     -----------------------------------------  ------------------------------------------ 
 d)   Aggregated information:                    Single transaction as 
       Aggregated volume:                         in 4 c) above Price(s)         Volume(s) 
       Price:                                      Exercise price   750,000 warrants 
                                                    of 0.11 pence 
                                                                   ----------------- 
     -----------------------------------------  ------------------------------------------ 
 e)   Date of the transaction:                   21 February 2019 
                                                  10:00 UTC 
     -----------------------------------------  ------------------------------------------ 
 f)   Place of the transaction:                  Outside a trading venue 
     -----------------------------------------  ------------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                      Joel Cheetham 
     -----------------------------------------  ------------------------------------------ 
 2.   Reason for the notification 
     ------------------------------------------------------------------------------------- 
 a)   Position/status:                           Data Manager, Tertiary 
                                                  Minerals plc 
     -----------------------------------------  ------------------------------------------ 
 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 0.1p 
                                                  each 
                                                  GB00B075Z681 (Ordinary 
                                                  Shares) 
     -----------------------------------------  ------------------------------------------ 
 b)   Nature of the transaction:                 Grant of warrants to 
                                                  subscribe for new ordinary 
                                                  shares 
     -----------------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s):                      Price(s)         Volume(s) 
                                                    Exercise Price   750,000 warrants 
                                                     of 0.11 pence 
                                                                    ----------------- 
     -----------------------------------------  ------------------------------------------ 
 d)   Aggregated information:                    Single transaction as 
       Aggregated volume:                         in 4 c) above Price(s)         Volume(s) 
       Price:                                      Exercise price   750,000 warrants 
                                                    of 0.11 pence 
                                                                   ----------------- 
     -----------------------------------------  ------------------------------------------ 
 e)   Date of the transaction:                   21 February 2019 
                                                  10:00 UTC 
     -----------------------------------------  ------------------------------------------ 
 f)   Place of the transaction:                  Outside a trading venue 
     -----------------------------------------  ------------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                      Richard Clemmey 
     -----------------------------------------  ------------------------------------------ 
 2.   Reason for the notification 
     ------------------------------------------------------------------------------------- 
 a)   Position/status:                           Managing Director, Tertiary 
                                                  Minerals plc 
     -----------------------------------------  ------------------------------------------ 
 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 0.1p 
                                                  each 
                                                  GB00B075Z681 (Ordinary 
                                                  Shares) 
     -----------------------------------------  ------------------------------------------ 
 b)   Nature of the transaction:                 Grant of warrants to 
                                                  subscribe for new ordinary 
                                                  shares 
     -----------------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s):                      Price(s)         Volume(s) 
                                                    Exercise Price   750,000 warrants 
                                                     of 0.11 pence 
                                                                    ----------------- 
     -----------------------------------------  ------------------------------------------ 
 d)   Aggregated information:                    Single transaction as 
       Aggregated volume:                         in 4 c) above Price(s)         Volume(s) 
       Price:                                      Exercise price   750,000 warrants 
                                                    of 0.11 pence 
                                                                   ----------------- 
     -----------------------------------------  ------------------------------------------ 
 e)   Date of the transaction:                   21 February 2019 
                                                  10:00 UTC 
     -----------------------------------------  ------------------------------------------ 
 f)   Place of the transaction:                  Outside a trading venue 
     -----------------------------------------  ------------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                      Colin Fitch 
     -----------------------------------------  ------------------------------------------ 
 2.   Reason for the notification 
     ------------------------------------------------------------------------------------- 
 a)   Position/status:                           Company Secretary 
     -----------------------------------------  ------------------------------------------ 
 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 0.1p 
                                                  each 
                                                  GB00B075Z681 (Ordinary 
                                                  Shares) 
     -----------------------------------------  ------------------------------------------ 
 b)   Nature of the transaction:                 Grant of warrants to 
                                                  subscribe for new ordinary 
                                                  shares 
     -----------------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s):                      Price(s)         Volume(s) 
                                                    Exercise Price   1,000,000 warrants 
                                                     of 0.11 pence 
                                                                    ------------------- 
     -----------------------------------------  ------------------------------------------ 
 d)   Aggregated information:                    Single transaction as 
       Aggregated volume:                         in 4 c) above Price(s)         Volume(s) 
       Price:                                      Exercise price   1,000,000 warrants 
                                                    of 0.11 pence 
                                                                   ------------------- 
     -----------------------------------------  ------------------------------------------ 
 e)   Date of the transaction:                   21 February 2019 
                                                  10:00 UTC 
     -----------------------------------------  ------------------------------------------ 
 f)   Place of the transaction:                  Outside a trading venue 
     -----------------------------------------  ------------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                      David Swan 
     -----------------------------------------  ------------------------------------------ 
 2.   Reason for the notification 
     ------------------------------------------------------------------------------------- 
 a)   Position/status:                           Senior 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,   Warrants, each warrant 
       type of instrument:                        to subscribe for one 
       Identification code:                       ordinary share of 0.1p 
                                                  each 
                                                  GB00B075Z681 (Ordinary 
                                                  Shares) 
     -----------------------------------------  ------------------------------------------ 
 b)   Nature of the transaction:                 Grant of warrants to 
                                                  subscribe for new ordinary 
                                                  shares 
     -----------------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s):                      Price(s)         Volume(s) 
                                                    Exercise Price   2,000,000 warrants 
                                                     of 0.16 pence 
                                                                    ------------------- 
     -----------------------------------------  ------------------------------------------ 
 d)   Aggregated information:                    Single transaction as 
       Aggregated volume:                         in 4 c) above Price(s)         Volume(s) 
       Price:                                      Exercise price   2,000,000 warrants 
                                                    of 0.16 pence 
                                                                   ------------------- 
     -----------------------------------------  ------------------------------------------ 
 e)   Date of the transaction:                   21 February 2019 
                                                  10:00 UTC 
     -----------------------------------------  ------------------------------------------ 
 f)   Place of the transaction:                  Outside a trading venue 
     -----------------------------------------  ------------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities/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,   Warrants, each warrant 
       type of instrument:                        to subscribe for one 
       Identification code:                       ordinary share of 0.1p 
                                                  each 
                                                  GB00B075Z681 (Ordinary 
                                                  Shares) 
     -----------------------------------------  ------------------------------------------ 
 b)   Nature of the transaction:                 Grant of warrants to 
                                                  subscribe for new ordinary 
                                                  shares 
     -----------------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s):                      Price(s)         Volume(s) 
                                                    Exercise Price   2,000,000 warrants 
                                                     of 0.16 pence 
                                                                    ------------------- 
     -----------------------------------------  ------------------------------------------ 
 d)   Aggregated information:                    Single transaction as 
       Aggregated volume:                         in 4 c) above Price(s)         Volume(s) 
       Price:                                      Exercise price   2,000,000 warrants 
                                                    of 0.16 pence 
                                                                   ------------------- 
     -----------------------------------------  ------------------------------------------ 
 e)   Date of the transaction:                   21 February 2019 
                                                  10:00 UTC 
     -----------------------------------------  ------------------------------------------ 
 f)   Place of the transaction:                  Outside a trading venue 
     -----------------------------------------  ------------------------------------------ 
 

Further information:

 
 Sunrise Resources plc 
  Patrick Cheetham, Executive Chairman    Tel:    +44 (0)1625 838 884 
 
 Beaumont Cornish 
  James Biddle/Roland Cornish             Tel:    +44 (0) 207 628 3396 
 SVS Securities Limited 
  Joint Broker 
  Tom Curran/Ben Tadd                     Tel:    +44 ((0)203 700 0093 
 

Notes to Editors:

Sunrise Resources plc is working towards the development of profitable mining operations at the CS Pozzolan-Perlite Project in Nevada, USA and to unlock the value inherent in its diverse portfolio of industrial minerals, precious metals and base metal projects.

Shares in the Company trade on AIM. EPIC: "SRES". Website: www.sunriseresourcesplc.com

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

MSCZLLFLKLFZBBV

(END) Dow Jones Newswires

February 22, 2019 09:51 ET (14:51 GMT)

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