Directors' Share Issue

RNS Number : 6483P

Sunrise Resources Plc

21 July 2010

 



SUNRISE RESOURCES PLC

21 JULY 2010

DIRECTORS' SHARE ISSUE

Sunrise Resources plc ("Sunrise" or "the Company" - AIM: SRES) announces that, on 19 July 2010, the directors agreed to issue new ordinary shares in the Company to its directors in lieu of net fees for the six month period ending 30 June 2010.

Accordingly, Patrick Cheetham, Executive Chairman, and non-executive director Francis Johnstone have each been issued with 476,573 new ordinary shares. Neil Herbert, non-executive director, has been issued with 705,981 new ordinary shares. In each case, the shares were issued at an issue price of 0.625 pence per share, being the closing mid-market price of the ordinary shares on 16 July 2010.

Following these issues, Patrick Cheetham, together with his wife K Cheetham, is interested

in 10,674.956 ordinary shares, representing 6.43% of the enlarged issued share capital, Francis Johnstone, non-executive director, is interested in 3,407,369 ordinary shares, being 2.05% per cent of the enlarged issued share capital, and Neil Herbert, non-executive director, is interested in 3,501,643 ordinary shares, being 2.11% of the enlarged issued share capital.

Following these issues, the total number of ordinary shares in issue will be 248,866,013.  Application has been made for the 1,659,127 new ordinary shares to be admitted to trading on AIM and admission is expected to occur on 27 July 2010.

For further information contact:

Patrick Cheetham, Sunrise Resources plc. Tel: [phone]

Gavin Burnell, Astaire Securities plc. Tel: [phone]

 

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