Business
Share and Warrant Issue
Share and Warrant Issue.
About this update from Sunrise Resources Plc
[{"type":"text","content":"\n \nRNS Number : 6644X Sunrise Resources Plc 15 January 2014 \n \n\n \n \n \n \n \n \n15 January 2014\n \nSUNRISE RESOURCES PLC\n \nShare & Warrant Issue & Total Voting Rights\n \nIssue of New Ordinary Shares\n \nSunrise Resources plc (ticker symbol 'SRES'), the AIM-quoted diversified mineral exploration and development specialist (\"the Company\"), announces that on 14 January 2014 the Board of the Company resolved to issue 1,699,640 new ordinary shares of 0.1 pence each in the Company to its directors in lieu of net fees for the six month period ended 31 December 2013. The issue of shares to Directors in lieu of fees is in line with current Company practice and enables the Company to keep its cost base to a minimum, preserving cash for exploration activities.\n \nThe new ordinary shares were issued at a price of 0.55 pence per share, being the closing mid-market price of the ordinary shares on 13 January 2014.\n \nThe following table shows the number of new ordinary shares issued to directors and their total holdings following the issue of new ordinary shares now being announced:\n \n\n\n\n\nDirector name\n\n\nNumber of new shares issued\n\n\nInterest in enlarged \nissued share capital\n\n\n% of enlarged \nissued share capital\n\n\n\n\nPatrick Cheetham\n\n\n646,825\n\n\n*14,089,287\n\n\n3.66%\n\n\n\n\nFrancis Johnstone\n\n\n499,135\n\n\n5,329,475\n\n\n1.38%\n\n\n\n\nDavid Swan\n\n\n553,680\n\n\n2,150,684\n\n\n0.56%\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 for the 1,699,640 new ordinary shares to be admitted to trading on AIM and admission is expected to occur on 21 January 2014.\n \nFollowing admission, the Company's enlarged issued share capital will comprise 384,950,213 ordinary shares with one voting right per share. There are no shares held in treasury and the total number of voting rights in the Company is therefore 384,950,213. \n \nTotal Voting Rights\n \nThis figure of 384,950,213 ordinary shares 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 in their interest in, the share capital of the Company under the FSA's Discl...