6th May 2026 07:00
6 May 2026
SUNRISE RESOURCES PLC
("Sunrise" or "the Company")
ISSUE OF WARRANTS
Sunrise Resources plc wishes to announce as follows:
Issue of Employee Warrants
On 5 May 2026, the Board resolved to issue warrants to subscribe for Ordinary Shares in the Company as part of a long-standing annual arrangement as follows:
A total of 45,000,000 warrants over new Ordinary Shares, representing 0.48% of the Company's issued share capital, are being issued to certain employees of Tertiary Minerals plc ("Tertiary") working on the Company's behalf and to the two non-executive directors of the Company and the Company Secretary in connection with their remuneration as follows:
Grantee | No. of Warrants | Warrant Exercise Price (pence per share) |
Tertiary Employees (4)
| (Total of) 20,000,000 | 0.025 |
Non-Executive Director James Cole | 10,000,000 | 0.025 |
Non-Executive Director Adam Hainsworth | 10,000,000 | 0.025 |
Company Secretary Rod Venables | 5,000,000 | 0.025 |
The Warrant Exercise Price is 0.025 pence, being the price at which shares were recently issued by way of a placing and WRAP retail offer. Each warrant entitles the holder to subscribe for one new Ordinary Share in the Company at the Warrant Exercise Price at any time within the period of 4 years from 6 May 2027.
This brings the total number of warrants in issue in the Company to 87,000,000 representing 0.93% of the Company's issued share capital. The Company last issued warrants to Directors and Tertiary employees in August 2023
Further information:
Sunrise Resources plc Patrick Cheetham, Executive Chairman | Tel: +44 (0)1625 838 884 |
Beaumont Cornish Limited Nominated Adviser James Biddle/Roland Cornish | Tel: +44 (0)207 628 3396 |
AlbR Capital Limited Broker Lucy Williams/Duncan Vasey
| Tel: +44 (0)207 469 0930
|
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.
Nominated Adviser
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
Shares in the Company trade on AIM. EPIC: "SRES". Website: www.sunriseresourcesplc.com
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM.
1 | Details of the person discharging managerial responsibilities I person closely associated | ||
a) | Name | James Cole | |
2 | Reason for the notification | ||
a) | Position/status | Non-executive director | |
b) | Initial notification /Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Sunrise Resources plc | |
b) | LEI | 213800MGDOE974QHPZ44 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a) | Description of the financial instrument, type of instrument
| Warrants, each warrant to subscribe for one ordinary share of 0.001p each | |
Identification code | GB00B075Z681 | ||
b) | Nature of the transaction | Grant of Warrants | |
c) | Price(s) and volume(s) | ||
Price(s) | Volume(s) | ||
Exercise price of 0.025 pence | 10,000,000 warrants | ||
d) | Aggregated information - Aggregated volume - Price
| N/A (Single transaction as in 4 c) above) | |
e) | Date of the transaction | 05/05/2026 15:00 UTC
| |
f) | Place of the transaction | Outside a trading venue (XOFF) | |
1 | Details of the person discharging managerial responsibilities I person closely associated | ||
a) | Name | Adam Hainsworth | |
2 | Reason for the notification | ||
a) | Position/status | Non-executive director | |
b) | Initial notification /Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Sunrise Resources plc | |
b) | LEI | 213800MGDOE974QHPZ44 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a) | Description of the financial instrument, type of instrument
| Warrants, each warrant to subscribe for one ordinary share of 0.001p each | |
Identification code | GB00B075Z681 | ||
b) | Nature of the transaction | Grant of Warrants | |
c) | Price(s) and volume(s) | ||
Price(s) | Volume(s) | ||
Exercise price of 0.025 pence | 10,000,000 | ||
d) | Aggregated information - Aggregated volume - Price
| N/A (Single transaction as in 4 c) above) | |
e) | Date of the transaction | 05/05/2026 15:00 UTC
| |
f) | Place of the transaction | Outside a trading venue (XOFF) | |
1 | Details of the person discharging managerial responsibilities I person closely associated | ||
a) | Name | Rod Venables | |
2 | Reason for the notification | ||
a) | Position/status | Company Secretary | |
b) | Initial notification /Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Sunrise Resources plc | |
b) | LEI | 213800MGDOE974QHPZ44 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a) | Description of the financial instrument, type of instrument
| Warrants, each warrant to subscribe for one ordinary share of 0.001p each | |
Identification code | GB00B075Z681 | ||
b) | Nature of the transaction | Grant of Warrants | |
c) | Price(s) and volume(s) | ||
Price(s) | Volume(s) | ||
Exercise price of 0.025 pence | 5,000,000 | ||
d) | Aggregated information - Aggregated volume - Price
| N/A (Single transaction as in 4 c) above) | |
e) | Date of the transaction | 05/05/2026 15:00 UTC
| |
f) | Place of the transaction | Outside a trading venue (XOFF) | |
Related Shares:
Sunrise Resources PLC