TIDMSRES
RNS Number : 4345G
Sunrise Resources Plc
05 August 2016
5 August 2016
SUNRISE RESOURCES PLC
(the "Company")
Director Dealing, Issue of Equity, Total Voting Rights
Sunrise Resources plc (ticker symbol 'SRES'), the AIM-quoted
diversified mineral exploration and development company ("the
Company"), 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"), on a six monthly ongoing basis, 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 5 August 2016, the Board resolved to issue a total of
3,705,949 Ordinary Shares to the directors, in lieu of net fees,
for the period ended 30 June 2016. The Ordinary Shares were issued
at a price of 0.215 pence per share, being the closing mid-market
price on 4 August 2016.
The following table shows the number of Ordinary Shares issued
to the directors and their total holdings following the issue of
the Ordinary Shares:
Director Number of Total interest % of Company's
Ordinary in Ordinary issued share
Shares issued Shares following capital following
Admission Admission
------------------ --------------- ------------------ -------------------
Patrick Cheetham 1,395,349 *75,776,599 6.77%
------------------ --------------- ------------------ -------------------
David Swan 1,674,419 8,710,863 0.78%
------------------ --------------- ------------------ -------------------
Roger Murphy 636,181 17,302,848 1.55%
------------------ --------------- ------------------ -------------------
* includes 5,500,000 shares held by K E Cheetham, wife of P
Cheetham.
Application will be made to the London Stock Exchange for
3,705,949 Ordinary Shares to be admitted to trading on AIM
("Admission"), and it is expected that Admission will occur on or
around 11 August 2016.
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 1,119,910,379 ordinary shares.
The above figure of 1,119,910,379 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 & Broker
Edward Hutton/David Hignell
John Howes/Rob Rees Tel: +44 (0)20 3861 6625
Beaufort Securities Limited
Joint Broker
Jon Belliss Tel: +44 (0)20 7382 8300
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)
---- ------------------------------------ ---------------------- ----------------
0.215 pence 1,395,349
---------------------------------------------------------------- ----------------
d) Aggregated information
- Aggregated volume Volume: 1,395,349
- Price Price: 0.215 pence
---- ------------------------------------ ----------------------------------------
e) Date of the transaction 2016-08-05
11:05 UTC
----------------------------------------------------------------------------------
f) Place of the transaction Outside of trading venue
---- ------------------------------------ ----------------------------------------
1 Details of the person discharging managerial responsibilities
I person closely associated
---- ------------------------------------------------------------------------------
a) Name David Swan
---- ------------------------------------ ----------------------------------------
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)
---- ------------------------------------ ---------------------- ----------------
0.215 pence 1,674,419
---------------------------------------------------------------- ----------------
d) Aggregated information
- Aggregated volume Volume: 1,674,419
- Price Price: 0.215 pence
---- ------------------------------------ ----------------------------------------
e) Date of the transaction 2016-08-05
11:05 UTC
---- ------------------------------------ ----------------------------------------
f) Place of the transaction Outside of trading venue
---- ------------------------------------ ----------------------------------------
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)
---- ------------------------------------ ---------------------- ----------------
0.215 pence 636,181
---------------------------------------------------------------- ----------------
d) Aggregated information
- Aggregated volume Volume: 636,181
- Price Price: 0.215 pence
---- ------------------------------------ ----------------------------------------
e) Date of the transaction 2016-08-05
11:05 UTC
----------------------------------------------------------------------------------
f) Place of the transaction Outside of trading venue
---- ------------------------------------ ----------------------------------------
Notes:
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No.596/2014 of the European
Parliament and of the Council.
Notes to Editors:
About Sunrise Resources plc
Sunrise Resources plc is an AIM-traded diversified mineral
exploration and development company. The Company's objective is to
develop profitable mining operations to sustain the Company's wider
exploration efforts and create value for shareholders through the
discovery of world-class deposits.
The Company is exploring a number of precious metal, base metal
and industrial mineral projects in Nevada, USA. The Company holds a
royalty interest from EP Minerals in a diatomite project in Nevada
and holds a white barite project in South-West Ireland. The Company
also holds diamond and gold exploration interests in Western
Australia.
Shares in the Company trade on AIM. EPIC: "SRES"
Website: www.sunriseresourcesplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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