REG - Sovereign Metals Ltd - Lapse of Performance Rights

Sovereign MetalsAnnouncement

06/06/2023 07:00

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RNS Number : 7761B  Sovereign Metals Limited  06 June 2023

SOVEREIGN METALS LIMITED

 

NEWS RELEASE | 6 JUNE 2023

 

Lapse of Performance Rights

The Company advises that, in accordance with the Company's shareholder
approved Employee Incentive Plan, the following performance rights have been
cancelled for no consideration following cessation of employment with the
Company:

·    450,000 performance rights subject to the "Feasibility Study
Announcement Milestone" expiring on or before 31 December 2025.

Following the cancellation, Sovereign has the following securities on issue:

·      470,875,023 ordinary fully paid shares;

·     6,100,000 performance rights subject to the "Pre-Feasibility Study
Announcement Milestone" expiring on or before 31 December 2023; and

·    7,810,000 performance rights subject to the "Feasibility Study
Announcement Milestone" expiring on or before 31 October 2025.

Classification: 2.5 Total number of voting rights and capital

 

ENQUIRIES

 

 Dylan Browne

Company Secretary

 +61(8) 9322 6322

 

 Nominated Adviser on AIM
 RFC Ambrian
 Andrew Thomson            +61 8 9480 2500

 Joint Brokers
 Berenberg                 +44 20 3207 7800
 Matthew Armitt
 Jennifer Lee

 Optiva Securities         +44 20 3137 1902
 Daniel Ingram
 Mariela Jaho
 Christian Dennis

 

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