Business
Director Dealing and Issue of Equity
Director Dealing and Issue of Equity.
About this update from Sunrise Resources Plc
[{"type":"text","content":"\n \nRNS Number : 2465V Sunrise Resources Plc 01 November 2017 \n\n1 November 2017\n \nSUNRISE RESOURCES PLC\n(the \"Company\")\n \nDirector Dealing, Issue of Equity, Total Voting Rights\n \nSunrise Resources plc, the AIM-traded company focusing on the development of its CS Pozzolan-Perlite Project in Nevada, USA, announces that pursuant to terms agreed on 20 August 2008, the directors of the Company will be receiving their net fees in Ordinary Shares of 0.1 pence each in the Company (\"Ordinary Shares\"), calculated with reference to the closing mid-market price on the trading day prior to the issue of the Ordinary Shares. This enables the Company to preserve cash for its exploration activities.\n \nOn Tuesday 31 October 2017, the Board resolved to issue a total of 6,802,353 Ordinary Shares to the directors, in lieu of net fees, for the six month period ended 30 September 2017. The Ordinary Shares were issued at a price of 0.17 pence per share, being the closing mid-market price on AIM on Monday 30 October 2017.\n \nThe following table shows the number of Ordinary Shares issued to the directors and their total holdings following the issue of the Ordinary Shares:\n \n\n\n\n\nDirector\n \n\n\nNumber of Ordinary Shares issued\n\n\nTotal interest in Ordinary Shares following Admission\n\n\n% of Company's issued share capital following Admission\n\n\n\n\nPatrick Cheetham\n\n\n1,764,706\n\n\n81,506,032\n\n\n4.50\n\n\n\n\nDavid Swan\n\n\n2,117,647\n\n\n14,980,510\n\n\n0.83\n\n\n\n\nRoger Murphy\n\n\n2,920,000\n\n\n26,411,621\n\n\n1.46\n\n\n\n\n \n* includes 5,500,000 shares held by K E Cheetham, wife of P Cheetham.\n \nApplication will be made to the London Stock Exchange for 6,802,353 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 7 November 2017.\n \nTotal Voting Rights\n \nIn accordance with Financial Conduct Authority's Disclosure Guidance and Transparency Rules (\"DTRs\"), following the issue and Admission, the total issued share capital of the Company with voting rights will be 1,810,818,020 Ordinary Shares.\n \nThe above figure of 1,810,818,020 Ordinary Shares may be used by shareholders in the Company as the denominator...