Issue of Equity

RNS Number : 6357M
Sunrise Diamonds PLC
02 February 2009
 



2nd February 2009


SUNRISE DIAMONDS PLC

   

DIRECTORS' SHARE ISSUE


At the Sunrise Diamonds Board Meeting held on Friday 30 January 2009, in accordance with an agreement with the Company, the Board issued new shares in lieu of Directors' fees (net of PAYE & N.I.) to Patrick Cheetham, Francis Johnstone and Neil Herbert representing payment for the six month period 1 July to 31 December 2008. The issue price was the closing mid-market price on the day prior to the date of allotment i.e. 0.475p. 


Director

New shares issued

Total holding

Percentage of total shares in issue

Patrick Cheetham*

629,632

9,329,632

5.01%

Francis Johnstone

626,773

2,062,018

1.11%

Neil Herbert

578,709

1,989,398

1.07%


*including shares held by Karen Cheetham(Patrick Cheetham's wife)




Application has been made for 1,835,114 new ordinary shares to be admitted to trading on AIM and it is expected that such admission will become effective at 8am on Friday 6 February 2009. The total number of shares in issue will then be 186,229,787. 



For further information contact:


Patrick Cheetham, Sunrise Diamonds plc.   Tel: +44 (0)1625 505947


Roxane Marffy, Ruegg & Co Limited.            Tel: +44 (0)20 7584 3663



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