Business
Share and warrant issue and total voting rights
Share and warrant issue and total voting rights.
About this update from Sunrise Resources Plc
[{"type":"text","content":"\n \nRNS Number : 6242P Sunrise Resources Plc 19 February 2016 \n\n \n19 February 2016\n \nSUNRISE RESOURCES PLC\n(the \"Company\")\n \nShare and Warrant Issue \nTotal Voting Rights\n \nIssue of New Ordinary Shares\n \nSunrise Resources plc (ticker symbol 'SRES'), the AIM-quoted diversified mineral exploration and development company (\"the Company\"), announces that on 18 February 2016 the Board of the Company resolved to issue 5,734,754 new ordinary shares of 0.1 pence each in the Company (the \"New Ordinary Shares\") to its directors in lieu of net fees for the six month period ended 31 December 2015. The issue of New Ordinary 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 its exploration activities.\n \nThe New Ordinary Shares were issued at a price of 0.16 pence per share, being the closing mid-market price of the ordinary shares on 17 February 2016.\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 ordinary 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\n2,200,754\n\n\n*28,926,705\n\n\n4.15%\n\n\n\n\nFrancis Johnstone\n\n\n1,579,500\n\n\n9,805,912\n\n\n1.41%\n\n\n\n\nDavid Swan\n\n\n1,954,500\n\n\n7,036,444\n\n\n1.01%\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 New Ordinary Shares to be admitted to trading on AIM and admission is expected to occur on 25 February 2016.\n \nTotal Voting Rights\n \nFollowing admission, the Company's enlarged issued share capital will comprise 696,883,436 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 696,883,436. \n \nThis figure of 696,883,436 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 ...