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