Business
Directors Share Issue
Directors Share Issue.
About this update from Sunrise Resources Plc
[{"type":"text","content":"\n \nRNS Number : 7423L Sunrise Resources Plc 04 August 2011 \n \n\nSUNRISE RESOURCES PLC\n \nDIRECTORS' SHARE ISSUE\n \n \n \n4 August 2011\n \nSunrise Resources plc (\"Sunrise\" or \"the Company\" - AIM: SRES) announces that, on 29 July 2011, the Board of Sunrise agreed to issue new ordinary shares in the Company to its directors in lieu of net fees for the six month period ended 30 June 2011.\n \nAccordingly, Patrick Cheetham, Executive Chairman, has been issued with 135,324 new ordinary shares, Francis Johnstone, non-executive director, has been issued with 200,440 new ordinary shares and Neil Herbert, non-executive director, has been issued with 200,440 new ordinary shares. In each case, the new ordinary shares were issued at a price of 2.625 pence per share, being the closing mid-market price of the ordinary shares on 28 July 2011.\n \nFollowing these issues, Patrick Cheetham, together with his wife K Cheetham, is interested\nin 10,710,198 ordinary shares, representing 3.42 per cent of the enlarged issued share capital, Francis Johnstone is interested in 2,668,498 ordinary shares, being 0.85 per cent of the enlarged issued share capital, and Neil Herbert is interested in 3,807,139 ordinary shares, being 1.22 per cent of the enlarged issued share capital.\n \nFollowing these issues, the total number of ordinary shares in issue will be 312,738,905. Application has been made for the 536,204 new ordinary shares to be admitted to trading on AIM and admission is expected to occur on 10 August 2011.\n \n \nENQUIRIES\n \nFurther Information:\n \nSunrise Resources plc Tel: +44 (0)845 868 4590\nPatrick Cheetham, Executive Chairman &nb...