Issue of Shares following Conversion & TVR
Conversion of £27,000 convertible security into 270 million shares at 0.01p per share.
- Convertible Security converted £27,000
- Conversion Price 0.01 pence per share
- New ordinary shares issued 270,000,000
- Remaining Second Convertible Security £123,000
- Total voting rights post-issue 5,439,980,696
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The Company hereby announces the conversion of an amount of £27,000 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 0.01 pence per share and total of 270,000,000 new ordinary shares (the "Conversion Shares") fall to be issued.
Application will be made for the Conversion Shares to be admitted to trading on AIM. ("Admission"). Admission is expected to occur on or around Friday, 21 February 2025.
Following the issue of the Conversion Shares the face value of the Second Convertible Security will be reduced to £123,000.
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, the Company will have 5,439,980,696 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 5,439,980,696 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.
Nominated Adviser
Shares in the Company trade on AIM. EPIC: "SRES".
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.