Grant of Warrants

RNS Number : 7264D

Sunrise Diamonds PLC

08 December 2009

 



                                                              Sunrise
                                         Diamonds plc

www.sunrisediamonds.com

8 December 2009

At a Board meeting of Sunrise Diamonds plc held on 7 December 2009, the Board resolved to issue 6,000,000 warrants to employees and directors of the Company. The issue included the following Directors:

P.Cheetham :       2,000,000

F.Johnstone :       1,000,000

N.Herbert :           1,000,000

Each warrant is convertible to one new ordinary share at the price of 0.85 pence per share (the closing mid-market price on 7 December 2009) at any time within 4 years from 7 December 2010.

As a result of this issue of warrants the total number of warrants currently held by each Director is as follows:

P. Cheetham :      5,500,000

F. Johnstone :      3,000,000

N. Herbert :          3,000,000

Further Information: 

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

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

 

END

 

 

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