Business
Extension of Warrants
Extension of Warrants.
About this update from Sunrise Resources Plc
[{"type":"text","content":"\n \nRNS Number : 2400S Sunrise Resources Plc 22 September 2014 \n\nSUNRISE RESOURCES PLC\n(\"the Company\")\n22 September 2014\n \nWarrant Extension\n \nSunrise Resources plc, the AIM traded diversified mineral exploration and development company, announces a three month extension to the expiry date of the following unexercised warrants held by applicable employees1, officers and directors of the Company.\n \nUnder the London Stock Exchange AIM Rules for Companies (\"AIM Rules\"), an AIM company \"must ensure that its directors and applicable employees do not deal in any of its AIM securities during a close period. In addition, the purchase or early redemption by an AIM company of its AIM securities or sale of any AIM securities held as treasury shares must not be made during a close period.\" A close period is defined under the AIM Rules as the two months preceding the publication of the company's annual results (or, if shorter, the period from its financial year end to the time of publication).\n \nAs the financial year end for the Company is 30 September, the warrants listed below will expire during future year-end close periods and cannot therefore be exercised by directors or applicable employees for their full term. The Company therefore considered it reasonable to extend the term of the warrants listed below.\n \nWarrants Extended\n \n\n\n\n\nIssue Date\n\n\n\n\n\nNumber\n\n\nExercise Price\n\n\nOriginal Expiry Date\n\n\nNew Expiry Date\n\n\n\n\n08/12/2008\n\n\nOfficers/Directors\n\n\n4,500,000\n\n\n0.575\n\n\n08/12/2014*\n\n\n08/03/2015\n\n\n\n\n08/12/2008\n\n\nApplicable Employees\n\n\n1,000,000\n\n\n0.575\n\n\n08/12/2014*\n\n\n08/03/2015\n\n\n\n\n07/12/2009\n\n\nOfficers/Directors\n\n\n4,500,000\n\n\n0.850\n\n\n07/12/2014\n\n\n07/03/2015\n\n\n\n\n07/12/2009\n\n\nApplicable Employees\n\n\n1,500,000\n\n\n0.850\n\n\n07/12/2014\n\n\n07/03/2015\n\n\n\n\n07/12/2010\n\n\nOfficers/Directors\n\n\n4,500,000\n\n\n2.500\n\n\n07/12/2015\n\n\n07/03/2016\n\n\n\n\n07/12/2010\n\n\nApplicable Employees\n\n\n1,500,000\n\n\n2.500\n\n\n07/12/2015\n\n\n07/03/2016\n\n\n\n\n19/12/2012\n\n\nOfficers/Directors\n\n\n4,500,000\n\n\n0.850\n\n\n19/12/2017\n\n\n19/03/2018\n\n\n\n\n19/12/2012\n\n\nApplicable Employees\n\n\n1,250,000\n\n\n0.850\n\n\n19/12/2017\n\n\n19/03/2018\n\n\n\n\n \n \nAs...