REG - Sovereign Metals Ltd - Issue of Shares and AGM Date
29/09/2023 07:00
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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 +44 20 3470 0470
Charlie Bouverat
Harry Davies-Ball
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 interest)
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change 29 September 2023
No. of securities held prior to change (a) 3,590,000
(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 of change below
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change (a) 4,190,000
(b) Nil
(c) 600,000
Nature of change Conversion of Performance Rights upon satisfaction of the Pre-Feasibility
Study Milestone
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend 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 to which interest related prior to change Not applicable
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 or contracts detailed above traded during No
a +closed period where prior written clearance was required?
If so, was prior written clearance provided to allow the trade to proceed Not applicable
during this period?
If prior written clearance was provided, on what date was this provided? Not applicable
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 interest)
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change 29 September 2023
No. of securities held prior to change (d) 15,657,518
(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 of change below
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change (a) 16,557,518
(b) Nil
(c) 1,200,000
Nature of change Conversion of Performance Rights upon satisfaction of the Pre-Feasibility
Study Milestone
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend 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 to which interest related prior to change Not applicable
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 or contracts detailed above traded during No
a +closed period where prior written clearance was required?
If so, was prior written clearance provided to allow the trade to proceed Not applicable
during this period?
If prior written clearance was provided, on what date was this provided? Not applicable
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 interest)
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change 29 September 2023
No. of securities held prior to change (g) Nil
(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 of change below
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change (a) 225,000
(b) nil
(c) 300,000
Nature of change Conversion of Performance Rights upon satisfaction of the Pre-Feasibility
Study Milestone
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend 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 to which interest related prior to change Not applicable
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 or contracts detailed above traded during No
a +closed period where prior written clearance was required?
If so, was prior written clearance provided to allow the trade to proceed Not applicable
during this period?
If prior written clearance was provided, on what date was this provided? Not applicable
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 · Mr Mark Pearce and Mrs Natasha Pearce (trustee
and beneficial interest)
(including registered holder)
· Apollo Group Pty Ltd (director and indirect shareholder)
Note: Provide details of the circumstances giving rise to the relevant
interest. · Crystal Brook Investments Pty Ltd (director and beneficial interest)
Date of change 29 September 2023
No. of securities held prior to change (a) 4,295,842
(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 of change below
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change (a) 4,520,842
(b) Nil
(c) 300,000
Nature of change Conversion of Performance Rights upon satisfaction of the Pre-Feasibility
Study Milestone
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend 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 to which interest related prior to change Not applicable
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 or contracts detailed above traded during No
a +closed period where prior written clearance was required?
If so, was prior written clearance provided to allow the trade to proceed Not applicable
during this period?
If prior written clearance was provided, on what date was this provided? Not applicable
Initial notification/Amendment Initial
LEI 213800NSPXSASTENFQ34
Place of transaction Australian Securities Exchange (ASX)
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