Last checked at 24 Apr 2024 07:00
Caspian Sunrise PLC
("Caspian Sunrise", or the "Company")
Issue of Equity and Option Awards
Equity issue
Caspian Sunrise announces the issue of 4,476,923 new ordinary shares of 1 pence each in the Company at 3.25 pence per share ("New Shares") in settlement of certain outstanding fees owed to an adviser.
Application will be made for the New Shares to be admitted to trading on AIM, which is expected to occur on or around 29 April 2024 ("Admission"). The New Shares will rank pari passu in all respects with the Company's existing ordinary shares currently traded on AIM.
Following Admission, the Company's issued share capital will comprise 2,254,978,483 ordinary shares of 1 pence each. This number will represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Option grants
The Company has awarded in total 4,500,000 new options, including 2,500,000 4p options to Seokwoo Shin, a director of the Company, with the additional 2,000,000 options being issued non board staff. 2,500,000 5.5p options previously awarded to Seokwoo Shin have been cancelled, resulting in the net new options totalling 2,000,000.
Additionally, the exercise date for 2,400,000 4p options held by Clive Carver has been extended until 30 April 2025.
In total there are now 16,850,000 outstanding options representing approximately 0.75% of the Company's current issued share capital.
Caspian Sunrise PLC
Clive Carver, Chairman +7 727 375 0202
WH Ireland, Nominated Adviser & Broker
James Joyce +44 (0) 207 220 1666
James Bavister
Andrew de Andrade
This announcement has been posted to:
www.caspiansunrise.com/investors
1 | Details of the person discharging managerial responsibilities | |||||||
a) | Name | Seokwoo Shin | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Chief Operating Officer | ||||||
b) | Initial notification/amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Caspian Sunrise plc | ||||||
b) | LEI | 213800ODCON58VWIRS18 | ||||||
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 Identification code | ordinary shares of 0.001p each
GB00B1W0VW36 | ||||||
b) | Nature of the transaction | Options issued | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
2,500,000 4p | ||||||
e) | Date of the transaction | 23 April 2024 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
1 | Details of the person discharging managerial responsibilities | |||||||
a) | Name | Clive Carver | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Chairman | ||||||
b) | Initial notification/amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Caspian Sunrise plc | ||||||
b) | LEI | 213800ODCON58VWIRS18 | ||||||
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 Identification code | ordinary shares of 0.001p each
GB00B1W0VW36 | ||||||
b) | Nature of the transaction | Options extension | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
2,400,000 4p | ||||||
e) | Date of the transaction | 23 April 2024 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||