TIDMSVML
RNS Number : 1434O
Sovereign Metals Limited
29 September 2023
SOVEREIGN METALS LIMITED
NEWS RELEASE I 29 SEPTEMBER 2023
ISSUE OF SHARES ON CONVERSION OF PERFORMANCE RIGHTS AND AGM
DATE
Sovereign Metals Limited (Sovereign or the Company) (ASX:SVM,
AIM:SVML) advises that it has issued 6,100,000 fully paid ordinary
shares (Shares) upon the conversion of 6,100,000 PFS Milestone
performance rights held by certain directors, employees and
consultants of the Company pursuant to its shareholder approved
Employee Equity Incentive Plan for nil consideration. Change of
Director's Interest Notice are provided below.
An application will be made for the Shares to be admitted to
trading on AIM (Admission) and it is expected that Admission will
become effective on or around 5 October 2023.
Total Voting Rights
For the purposes of the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules (DTRs), following Admission of the
Shares, Sovereign will have 563,003,401 Ordinary Shares in issue
with voting rights attached. The figure of 563,003,401 may be used
by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in the
Company, under the ASX Listing Rules or the DTRs.
Shares on conversion of the performance rights have been issued
to Directors of the Company is detailed below.
Following the issue of Shares, Sovereign has the following
securities on issue:
-- 563,003,401 fully paid ordinary shares;
-- 34,549,598 unlisted options exercisable at A$0.535 each on or before 21 July 2024; and
-- 7,810,000 unlisted performance rights subject to the
"Definitive Feasibility Study Milestone" expiring on or before 31
October 2025.
Date of Annual General Meeting
The Company also advises in accordance with ASX Listing Rule
3.13.1, that the Company's Annual General Meeting (AGM) will be
held on Friday, 24 November 2023.
An item of business at the AGM will be the re-election of
Directors. In accordance with clause 6.2(f) of the Company's
Constitution, the closing date for receipt of nominations from
persons wishing to be considered for election as a Director is
Friday, 6 October 2023.
Any nominations must be received at the Company's registered
office no later than 5.00pm (Perth time) on Friday, 6 October
2023.
Further information about the AGM, including the Notice of AGM,
will be provided to shareholders in October 2023
ENQUIRIES
Dylan Browne
Company Secretary
+61(8) 9322 6322
info@sovereignmetals.com
Nominated Adviser on AIM and
Joint Broker
SP Angel Corporate Finance
LLP
Ewan Leggat
Charlie Bouverat
Harry Davies-Ball +44 20 3470 0470
Joint Brokers
Berenberg +44 20 3207 7800
Matthew Armitt
Jennifer Lee
Tavistock PR +44 20 7920 3150
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX
as soon as available. Information and documents given to ASX become
ASX's property and may be made public.
Introduced 30/09/01 Amended 01/01/11
Name of entity SOVEREIGN METALS LIMITED
ABN 71 120 833 427
We (the entity) give ASX the following information under listing
rule 3.19A.2 and as agent for the director for the purposes of
section 205G of the Corporations Act.
Name of Director Benjamin Stoikovich
Date of last notice 23 November 2022
--------------------
Part 1 - Change of director's relevant interests in
securities
In the case of a trust, this includes interests in the trust
made available by the responsible entity of the trust
Note: In the case of a company, interests which come within
paragraph (i) of the definition of "notifiable interest of a
director" should be disclosed in this part.
Direct or indirect interest Direct and Indirect
Nature of indirect interest Selwyn Capital Limited (beneficial
(including registered holder) interest)
Note: Provide details of the
circumstances giving rise to
the relevant interest.
-----------------------------------
Date of change 29 September 2023
-----------------------------------
No. of securities held prior (a) 3,590,000
to change
(b) 600,000
(c) 600,000
-----------------------------------
Class (a) Ordinary Fully Paid Shares
(b) Unlisted Performance Rights
subject to the "Pre-Feasibility
Study Milestone" expiring
30 September 2023
(c) Unlisted Performance Rights
subject to the "Definitive
Feasibility Study Milestone"
expiring 31 October 2025 expiring
31 October 2025
-----------------------------------
Number acquired (a) 600,000
-----------------------------------
Number disposed (b) (600,000)
-----------------------------------
Value/Consideration Not applicable - see nature
Note: If consideration is non-cash, of change below
provide details and estimated
valuation
-----------------------------------
No. of securities held after (a) 4,190,000
change
(b) Nil
(c) 600,000
-----------------------------------
Nature of change Conversion of Performance
Example: on-market trade, off-market Rights upon satisfaction of
trade, exercise of options, the Pre-Feasibility Study
issue of securities under dividend Milestone
reinvestment plan, participation
in buy-back
-----------------------------------
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within
paragraph (ii) of the definition of "notifiable interest of a
director" should be disclosed in this part.
Detail of contract Not applicable
Nature of interest Not applicable
---------------
Name of registered holder Not applicable
(if issued securities)
---------------
Date of change Not applicable
---------------
No. and class of securities Not applicable
to which interest related
prior to change
Note: Details are only
required for a contract
in relation to which
the interest has changed
---------------
Interest acquired Not applicable
---------------
Interest disposed Not applicable
---------------
Value/Consideration Not applicable
Note: If consideration
is non-cash, provide
details and an estimated
valuation
---------------
Interest after change Not applicable
---------------
Part 3 - + Closed period
Were the interests in the securities No
or contracts detailed above traded
during a + closed period where prior
written clearance was required?
If so, was prior written clearance Not applicable
provided to allow the trade to proceed
during this period?
---------------
If prior written clearance was provided, Not applicable
on what date was this provided?
---------------
Initial notification/Amendment Initial
LEI 213800NSPXSASTENFQ34
-------------------------------------
Place of transaction Australian Securities Exchange (ASX)
-------------------------------------
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX
as soon as available. Information and documents given to ASX become
ASX's property and may be made public.
Introduced 30/09/01 Amended 01/01/11
Name of entity SOVEREIGN METALS LIMITED
ABN 71 120 833 427
We (the entity) give ASX the following information under listing
rule 3.19A.2 and as agent for the director for the purposes of
section 205G of the Corporations Act.
Name of Director Julian Stephens
Date of last notice 23 November 2022
-----------------
Part 1 - Change of director's relevant interests in
securities
In the case of a trust, this includes interests in the trust
made available by the responsible entity of the trust
Note: In the case of a company, interests which come within
paragraph (i) of the definition of "notifiable interest of a
director" should be disclosed in this part.
Direct or indirect interest Indirect
Nature of indirect interest One Way Trust (beneficial
(including registered holder) interest)
Note: Provide details of the
circumstances giving rise to
the relevant interest.
---------------------------------
Date of change 29 September 2023
---------------------------------
No. of securities held prior (d) 15,657,518
to change
(e) 900,000
(f) 1,200,000
---------------------------------
Class (d) Ordinary Fully Paid Shares
(e) Unlisted Performance Rights
subject to the "Pre-Feasibility
Study Milestone" expiring
30 September 2023
(f) Unlisted Performance Rights
subject to the "Definitive
Feasibility Study Milestone"
expiring 31 October 2025
---------------------------------
Number acquired (d) 900,000
---------------------------------
Number disposed (b) (900,000)
---------------------------------
Value/Consideration Not applicable - see nature
Note: If consideration is non-cash, of change below
provide details and estimated
valuation
---------------------------------
No. of securities held after (a) 16,557,518
change
(b) Nil
(c) 1,200,000
---------------------------------
Nature of change Conversion of Performance
Example: on-market trade, off-market Rights upon satisfaction of
trade, exercise of options, the Pre-Feasibility Study
issue of securities under dividend Milestone
reinvestment plan, participation
in buy-back
---------------------------------
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within
paragraph (ii) of the definition of "notifiable interest of a
director" should be disclosed in this part.
Detail of contract Not applicable
Nature of interest Not applicable
---------------
Name of registered holder Not applicable
(if issued securities)
---------------
Date of change Not applicable
---------------
No. and class of securities Not applicable
to which interest related
prior to change
Note: Details are only
required for a contract
in relation to which
the interest has changed
---------------
Interest acquired Not applicable
---------------
Interest disposed Not applicable
---------------
Value/Consideration Not applicable
Note: If consideration
is non-cash, provide
details and an estimated
valuation
---------------
Interest after change Not applicable
---------------
Part 3 - + Closed period
Were the interests in the securities No
or contracts detailed above traded
during a + closed period where prior
written clearance was required?
If so, was prior written clearance Not applicable
provided to allow the trade to proceed
during this period?
---------------
If prior written clearance was provided, Not applicable
on what date was this provided?
---------------
Initial notification/Amendment Initial
LEI 213800NSPXSASTENFQ34
-------------------------------------
Place of transaction Australian Securities Exchange (ASX)
-------------------------------------
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX
as soon as available. Information and documents given to ASX become
ASX's property and may be made public.
Introduced 30/09/01 Amended 01/01/11
Name of entity SOVEREIGN METALS LIMITED
ABN 71 120 833 427
We (the entity) give ASX the following information under listing
rule 3.19A.2 and as agent for the director for the purposes of
section 205G of the Corporations Act.
Name of Director Nigel Jones
Date of last notice 23 November 2022
-----------------
Part 1 - Change of director's relevant interests in
securities
In the case of a trust, this includes interests in the trust
made available by the responsible entity of the trust
Note: In the case of a company, interests which come within
paragraph (i) of the definition of "notifiable interest of a
director" should be disclosed in this part.
Direct or indirect interest Indirect
Nature of indirect interest Redbeck Partners Ltd (beneficial
(including registered holder) interest)
Note: Provide details of the
circumstances giving rise to
the relevant interest.
---------------------------------
Date of change 29 September 2023
---------------------------------
No. of securities held prior (g) Nil
to change
(h) 225,000
(i) 300,000
---------------------------------
Class (g) Ordinary Fully Paid Shares
(h) Unlisted Performance Rights
subject to the "Pre-Feasibility
Study Milestone" expiring
30 September 2023
(i) Unlisted Performance Rights
subject to the "Definitive
Feasibility Study Milestone"
expiring 31 October 2025
---------------------------------
Number acquired (e) 225,000
---------------------------------
Number disposed (b) (225,000)
---------------------------------
Value/Consideration Not applicable - see nature
Note: If consideration is non-cash, of change below
provide details and estimated
valuation
---------------------------------
No. of securities held after (a) 225,000
change
(b) nil
(c) 300,000
---------------------------------
Nature of change Conversion of Performance
Example: on-market trade, off-market Rights upon satisfaction of
trade, exercise of options, the Pre-Feasibility Study
issue of securities under dividend Milestone
reinvestment plan, participation
in buy-back
---------------------------------
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within
paragraph (ii) of the definition of "notifiable interest of a
director" should be disclosed in this part.
Detail of contract Not applicable
Nature of interest Not applicable
---------------
Name of registered holder Not applicable
(if issued securities)
---------------
Date of change Not applicable
---------------
No. and class of securities Not applicable
to which interest related
prior to change
Note: Details are only
required for a contract
in relation to which
the interest has changed
---------------
Interest acquired Not applicable
---------------
Interest disposed Not applicable
---------------
Value/Consideration Not applicable
Note: If consideration
is non-cash, provide
details and an estimated
valuation
---------------
Interest after change Not applicable
---------------
Part 3 - + Closed period
Were the interests in the securities No
or contracts detailed above traded
during a + closed period where prior
written clearance was required?
If so, was prior written clearance Not applicable
provided to allow the trade to proceed
during this period?
---------------
If prior written clearance was provided, Not applicable
on what date was this provided?
---------------
Initial notification/Amendment Initial
LEI 213800NSPXSASTENFQ34
-------------------------------------
Place of transaction Australian Securities Exchange (ASX)
-------------------------------------
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX
as soon as available. Information and documents given to ASX become
ASX's property and may be made public.
Introduced 30/09/01 Amended 01/01/11
Name of entity SOVEREIGN METALS LIMITED
ABN 71 120 833 427
We (the entity) give ASX the following information under listing
rule 3.19A.2 and as agent for the director for the purposes of
section 205G of the Corporations Act.
Name of Director Mark Pearce
Date of last notice 23 November 2022
-----------------
Part 1 - Change of director's relevant interests in
securities
In the case of a trust, this includes interests in the trust
made available by the responsible entity of the trust
Note: In the case of a company, interests which come within
paragraph (i) of the definition of "notifiable interest of a
director" should be disclosed in this part.
Direct or indirect interest Direct and Indirect
Nature of indirect interest
(including registered holder) * Mr Mark Pearce and Mrs Natasha Pearce
Note: Provide details of the
circumstances giving rise to
the relevant interest. * Apollo Group Pty Ltd (director and indirect
shareholder)
* Crystal Brook Investments Pty Ltd (director and
beneficial interest)
-------------------------------------------------------
Date of change 29 September 2023
-------------------------------------------------------
No. of securities held prior (a) 4,295,842
to change
(b) 225,000
(c) 300,000
-------------------------------------------------------
Class (a) Ordinary Fully Paid Shares
(b) Unlisted Performance Rights
subject to the "Pre-Feasibility
Study Milestone" expiring
30 September 2023
(c) Unlisted Performance Rights
subject to the "Definitive
Feasibility Study Milestone"
expiring 31 October 2025)
-------------------------------------------------------
Number acquired (a) 225,000
-------------------------------------------------------
Number disposed (b) (225,000)
-------------------------------------------------------
Value/Consideration Not applicable - see nature
Note: If consideration is non-cash, of change below
provide details and estimated
valuation
-------------------------------------------------------
No. of securities held after (a) 4,520,842
change
(b) Nil
(c) 300,000
-------------------------------------------------------
Nature of change Conversion of Performance
Example: on-market trade, off-market Rights upon satisfaction of
trade, exercise of options, the Pre-Feasibility Study
issue of securities under dividend Milestone
reinvestment plan, participation
in buy-back
-------------------------------------------------------
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within
paragraph (ii) of the definition of "notifiable interest of a
director" should be disclosed in this part.
Detail of contract Not applicable
Nature of interest Not applicable
---------------
Name of registered holder Not applicable
(if issued securities)
---------------
Date of change Not applicable
---------------
No. and class of securities Not applicable
to which interest related
prior to change
Note: Details are only
required for a contract
in relation to which
the interest has changed
---------------
Interest acquired Not applicable
---------------
Interest disposed Not applicable
---------------
Value/Consideration Not applicable
Note: If consideration
is non-cash, provide
details and an estimated
valuation
---------------
Interest after change Not applicable
---------------
Part 3 - + Closed period
Were the interests in the securities No
or contracts detailed above traded
during a + closed period where prior
written clearance was required?
If so, was prior written clearance Not applicable
provided to allow the trade to proceed
during this period?
---------------
If prior written clearance was provided, Not applicable
on what date was this provided?
---------------
Initial notification/Amendment Initial
LEI 213800NSPXSASTENFQ34
-------------------------------------
Place of transaction Australian Securities Exchange (ASX)
-------------------------------------
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IOEPPUAPBUPWUPB
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September 29, 2023 02:00 ET (06:00 GMT)
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