Result of WRAP Retail Offer
Sunrise Resources plc has successfully raised aggregate gross proceeds of £48,467.61 through its WRAP Retail Offer, resulting in the issuance of 193,870,440 new Ordinary Shares at 0.025 pence each. Combined with a prior placing, the total gross proceeds before expenses amount to £273,467.61. Admission of these new shares to AIM is anticipated around April 29, 2026, at which point the company's total issued ordinary share capital will be 9,375,133,036 shares.
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Further to its announcement of 21 April 2026, the Company announces that it has raised aggregate gross proceeds of £48,467.61 pursuant to the WRAP Retail Offer. Accordingly, the Company will issue a total of 193,870,440 new Ordinary Shares at the WRAP Retail Offer Price of 0.025 pence per share pursuant to the WRAP Retail Offer.
In total, the WRAP Retail Offer and the Placing announced on 13 April 2026 have raised gross proceeds of £273,467.61 before expenses for the Company.
Admission and Total Voting Rights
Applications have been made for the 193,870,440 WRAP Retail Offer Shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective on or around Wednesday 29 April 2026.
Upon Admission, the Company's issued ordinary share capital will consist of 9,375,133,036 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 9,375,133,036. 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.
The new Ordinary Shares to be issued pursuant to the WRAP Retail Offer will be issued free of all liens, charges and encumbrances and will, on Admission, rank pari passu in all respects with the Company's existing Ordinary Shares.
Terms used but not defined in this announcement have the same meaning as set out in the Company's announcement released at 7.00am on 21 April 2026.
The Company's LEI is 213800MGDOE974QHPZ44.
Nominated Adviser
Broker
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.