WRAP Retail Offer launches

In brief · summary, not quotable

Sunrise Resources launches retail offer to raise up to £50,000 via WRAP at 0.017p per share.

WRAP Retail Offer up to £50,000
Placing £200,000
Issue price 0.017 pence per share
Discount to mid-market close approximately 17.1%
New Ordinary Shares available up to 294,117,647

Full announcement

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Sunrise Resources plc (AIM: SRES) is pleased to announce a retail offer via the Winterflood Retail Access Platform ("WRAP") to raise up to £50,000 (the "WRAP Retail Offer") through the issue of new ordinary shares of 0.001p each in the capital of the Company ("Ordinary Shares"). Under the WRAP Retail Offer up to 294,117,647 new Ordinary Shares (the "WRAP Retail Offer Shares") will be made available at a price of 0.017 pence per share.

In addition to the WRAP Retail Offer and as announced on 31 July at 7.00am, the Company has made a conditional placing of new Ordinary Shares to raise £200,000 (before expenses) (the "Placing") at a price of 0.017 pence per Placing Share (the "Placing Price"). The Placing Price represents a discount of approximately 17.1 per cent. to the mid-market closing price of an Ordinary Share on 30 July 2025 (being the latest practicable date prior to this announcement). The issue price of the WRAP Retail Offer Shares is equal to the Placing Price.

The WRAP Retail Offer is conditional on the New Ordinary Shares being admitted to trading on AIM ("Admission"). It is anticipated that Admission will become effective and that dealings in the New Ordinary Shares, which will rank pari passu will all existing ordinary shares, will commence on AIM, on or around Wednesday 6 August 2025.

WRAP Retail Offer

Therefore, the Company is making the WRAP Retail Offer open to eligible investors in the United Kingdom, being existing shareholders of Sunrise Resources plc, following release of this announcement and through certain financial intermediaries.

The WRAP Retail Offer is expected to close at 10.00am on Friday 1 August 2025. Eligible shareholders should note that financial intermediaries may have earlier closing times.

There is a minimum subscription of £100 per investor under the WRAP Retail Offer. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges.

It is a term of the WRAP Retail Offer that the total value of the WRAP Retail Offer Shares available for subscription at the Placing Price does not exceed £50,000, or such size as agreed by the Company.

The Company's LEI is 213800MGDOE974QHPZ44.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.