Business
Issue of Equity and Total Voting Rights
Issue of Equity and Total Voting Rights.
About this update from Sunrise Resources Plc
[{"type":"text","content":"\n\n\n19 August 2024\nSUNRISE RESOURCES PLC\n(\"Sunrise\" or the \"Company\")\n \nIssue and Allotment of Ordinary Shares following Conversion & TVR\nThe Company hereby announces the conversion of an amount of £40,000 of the First Convertible Security issued on 6 December 2022, details of which were announced to the market on 7 December 2022. The First Convertible Security was issued pursuant to the Convertible Securities Issuance Deed dated 29 November 2022 as amended by a Deed of Amendment dated 2 June 2023, details of which were announced to the market on 30 November 2022 and 5 June 2023 respectively.\nThe Conversion Price is 0.03 pence per share and total of 133,333,333 new ordinary shares (the \"Conversion Shares\") fall to be issued.\nApplication will be made for the Conversion Shares to be admitted to trading on AIM. (\"Admission\"). Admission is expected to occur on or around Friday 23 August 2024.\nFollowing the issue of the Conversion the face value of the First Convertible Security will be reduced to £45,000.\nTotal Voting Rights\nFor the purposes of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Board of Sunrise hereby notifies the market that, following the issue of the Conversion Shares, the Company will have 4,944,980,696 shares in issue with each share carrying the right to one vote. There are no shares currently held in treasury. The total number of voting rights in the Company is therefore 4,944,980,696 and this figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.\nFor more information please contact:\nFurther information:\n \n\n\n\n\nSunrise Resources plc\nPatrick Cheetham, Executive Chairman\n\n\nTel: +44 (0)1625 838 884\n\n\n\n\n \nBeaumont Cornish Limited\nNominated Adviser\nJames Biddle/Roland Cornish\n\n\nTel: +44 (0)207 628 3396\n\n\n\n\n \nPeterhouse Capital Limited\nBroker\nLucy Williams/Duncan Vasey\n \n\n\nTel: +44 (0)207 469 0930\n \n\n\n\n\n \n\n\n \n\n\n\n\n \nMarket Abuse Regulation (MAR) Disclosure\nThe information contained within this announcement is deemed by the Company to constitute inside i...