Directors’ Dealings, Issue Of Equity & TVR
Directors issued 93m shares at 0.0205p per share in settlement of outstanding fees.
- New Ordinary Shares issued 93,021,463
- Issue price per share 0.0205 pence
- Total issued share capital with voting rights post-Admission 5,533,002,159 Ordinary Shares
- Patrick Cheetham total holding post-issue 391,644,279 shares (7.08%)
- Roger Murphy total holding post-issue 134,443,888 shares (2.43%)
- James Cole total holding post-issue 72,533,864 shares (1.31%)
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Issue of New Ordinary Shares
Pursuant to terms first agreed on 20 August 2008, and in order for the Company to preserve cash for its project activities, the directors of the Company will again be receiving settlement of a portion of their outstanding fees in ordinary shares of 0.001 pence each in the Company ("Ordinary Shares"), calculated with reference to the closing mid-market price for the Company's Ordinary Shares on the trading day prior to the share issue.
Today, 12 March 2025, the Board resolved to issue a total of 93,021,463 new Ordinary Shares in settlement of outstanding fees for the period 1 April 2024 to 28 February 2025.
The following table shows the number of new Ordinary Shares issued to the directors and their total holdings following the issue of the new Ordinary Shares:
| Director | Number of new Ordinary Shares issued | Total interest in Ordinary Shares following Admission | % of Company's issued share capital following Admission |
|---|---|---|---|
| Patrick Cheetham* | 9,811,707 | 391,644,279 | 7.08% |
| Roger Murphy | 43,444,878 | 134,443,888 | 2.43% |
| James Cole | 39,764,878 | 72,533,864 | 1.31% |
* includes 5,500,000 shares held by K E Cheetham, wife of P Cheetham.
The new Ordinary Shares were issued at a price of 0.0205 pence per share, being the closing mid-market price for the Company's Ordinary Shares on AIM on Tuesday 11 March 2025.
Application will be made to the London Stock Exchange for 93,021,463 new Ordinary Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM ("Admission"), and it is expected that Admission will occur on or around Tuesday 18 March 2025.
Total Voting Rights
In accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules ("DTRs"), following the issue of the new Ordinary Shares and Admission, the total issued share capital of the Company with voting rights will be 5,533,002,159 Ordinary Shares.
The above figure of 5,533,002,159 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.
Nominated Adviser
| 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 /Amendment | Initial notification | |
| a) | Name | Sunrise Resources plc | |
| b) | LEI | 213800MGDOE974QHPZ44 | |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.001p each | |
| Identification code | GB00B075Z681 | ||
| b) | Nature of the transaction | Issue of new Ordinary Shares in settlement of a portion of the director's outstanding fees | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 0.0205 pence | 9,811,707 | ||
| d) | Aggregated information - Aggregated volume - Price | N/A (Single transaction) | |
| e) | Date of the transaction | 12/03/2025 10:00 UTC | |
| f) | Place of the transaction | Outside a trading venue (XOFF) | |
| 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 /Amendment | Initial notification | |
| a) | Name | Sunrise Resources plc | |
| b) | LEI | 213800MGDOE974QHPZ44 | |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.001p each | |
| Identification code | GB00B075Z681 | ||
| b) | Nature of the transaction | Issue of new Ordinary Shares in settlement of a portion of the director's outstanding fees | |
| c) | Price(s) and volume(s) | ||
| Price(s) | Volume(s) | ||
| 0.0205 pence | 43,444,878 | ||
| d) | Aggregated information - Aggregated volume - Price | N/A (single issue of shares in lieu of fees as in 4 c) above) | |
| e) | Date of the transaction | 12/03/2025 10:00 UTC | |
| f) | Place of the transaction | Outside a trading venue (XOFF) | |
| 1 | Details of the person discharging managerial responsibilities I person closely associated | ||
| a ) | N a me | James Cole | |
| 2 | Reason for the notification | ||
| a ) | Position / s t a tus | Non-executive director | |
| b) | Initial notification / Amendment | Initial notification | |
| a ) | Name | Sunrise Resources plc | |
| b) | LEI | 213800MGDOE974QHPZ44 | |
| a ) | Description of the fin a n cial instrum e n t , type of in s t rument | Ordinary Shares of 0.001p each | |
| Identification code | GB00B075Z681 | ||
| b) | Nature of th e transac t i o n | Issue of new Ordinary Shares in settlement of a portion of the director's outstanding fees | |
| c) | Price(s) a n d v o lume(s) | ||
| Price(s) | Volume(s) | ||
| 0.0205 pence | 39,764,878 | ||
| d) | Aggregated information - Aggregated volume - Price | N/A (single issue of shares in lieu of fees as in 4 c) above) | |
| e) | Date of the transaction | 12/03/2025 10:00 UTC | |
| f) | Place of the transaction | Outside a trading venue (XOFF) |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.