Sunrise Resources Plc Issue of Shares following Conversion & TVR (1155J)
August 11 2023 - 7:51AM
UK Regulatory
TIDMSRES
RNS Number : 1155J
Sunrise Resources Plc
11 August 2023
11 August 2023
SUNRISE RESOURCES PLC
("Sunrise" or the "Company")
Issue and Allotment of Ordinary Shares following Conversion
& TVR
The Company hereby announces the conversion of an amount of
GBP50,000 of the Second Convertible Security issued on 7 June 2023,
details of which were announced to the market on 5 June 2023. The
Second Convertible Security was issued pursuant to the Convertible
Securities Issuance Deed dated 29 November 2022 as amended by a
Deed of Amendment dated 2 June 2023, details of which were
announced to the market on 30 November 2022 and 5 June 2023
respectively (the "Deed").
The Conversion Price is GBP0.01 pence per share and 50,000,000
new ordinary shares will be issued in the conversion. In addition,
21,428,571 new ordinary shares will be issued in connection under
the Deed.
Application will be made for the total of 71,428,571 shares to
be admitted to trading on AIM ("Admission"). Admission is expected
to occur on or around Thursday 17 August 2023.
Following the issue of the Conversion Shares and the Fee Shares
the face value of the Second Convertible Security will be reduced
to GBP150,000.
Total Voting Rights
For the purposes of the Disclosure and Transparency Rules of the
Financial Conduct Authority, the Board of Sunrise hereby notifies
the market that, following the issue of the Conversion Shares and
the Fee Shares, the Company will have 4,095,052,030 shares in issue
with each share carrying the right to one vote. There are no shares
currently held in treasury. The total number of voting rights in
the Company is therefore 4,095,052,030 and this figure may be used
by shareholders as the denominator for the calculations by which
they determine if they are required to notify their interest in, or
a change to their interest in, the Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.
For more information please contact:
Further information:
Sunrise Resources plc Tel: +44 (0)1625 838 884
Patrick Cheetham, Executive
Chairman
Tel: +44 (0)207 628 3396
Beaumont Cornish Limited
Nominated Adviser
James Biddle/Roland Cornish
Tel: +44 (0)207 469 0930
Peterhouse Capital Limited
Broker
Lucy Williams/Duncan Vasey
Shares in the Company trade on AIM. EPIC: "SRES".
Website: www.sunriseresourcesplc.com
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
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'). Upon the publication of this announcement via
Regulatory Information Service ('RIS'), this inside information is
now considered to be in the public domain.
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END
IOEPBMBTMTIBBPJ
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