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Result of WRAP Retail Offer

In brief · summary, not quotable

Sunrise Resources raised £250,000 via placing and oversubscribed retail offer at 0.017p per share.

  • Gross proceeds raised £250,000
  • Issue price per share 0.017 pence
  • Placing shares issued 1,176,470,588
  • WRAP Retail Offer shares issued 294,117,647
  • Total ordinary shares post-admission 7,003,590,394
Full announcement

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Sunrise Resources plc (AIM: SRES) is pleased to confirm, further to the announcements made on 31 July 2025, the result of its Fundraise at the Issue Price of 0.017 pence per share. The Company announces that it has raised aggregate gross proceeds of approximately £50,0000 pursuant to the WRAP Retail Offer.

The WRAP Retail Offer was oversubscribed and applications have therefore been scaled back on a pro-rata basis. Accordingly, the Company will issue a total of 294,117,647 new Ordinary Shares at the Issue Price pursuant to the WRAP Retail Offer.

In total, the Placing and the WRAP Retail Offer have raised gross proceeds of £250,000 for the Company, via the Placing of 1,176,470,588 Placing Shares and the 294,117,647 WRAP Retail Offer Shares.

Admission and Total Voting Rights

Applications have been made for the Placing Shares and the WRAP Retail Offer Shares, which will rank pari passu with all existing Ordinary Shares, to be admitted to trading on AIM ("Admission"). Admission is expected to become effective on or around 6 August 2024.

Upon Admission, the Company's issued ordinary share capital will consist of 7,003,590,394 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission the total number of Ordinary Shares and voting rights in the Company will be 7,003,590,394. With effect from Admission, this figure 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 to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Terms used but not defined in this announcement have the same meaning as set out in the Company's announcements released on 31 July 2025.

The Company's LEI is 213800MGDOE974QHPZ44.

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

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