REG - Sovereign Metals Ltd - Change in Substantial Holding - Rio Tinto

Sovereign MetalsAnnouncement

08/07/2024 07:15

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RNS Number : 4651V  Sovereign Metals Limited  08 July 2024

 

 

NEWS RELEASE I 8 JULY 2024

 

NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER

Sovereign Metals Limited (ASX: SVM, AIM: SVML) (Sovereign or the Company)
advises that it was notified today via the filing of a Form 604 with the
Australian Securities Exchange (ASX) that Rio Tinto Mining and Exploration
Limited (Rio Tinto) provided a notice of change of interests of substantial
holder (as defined by the Corporations Act 2001) of the Company as of 4 July
2024, having increased its shareholding in the Company from 83,095,592
ordinary shares, representing 15% of the Company's issued share capital as at
the date of its previous notice, to 118,085,108 ordinary shares, representing
19.76% of the Company's issued share capital, following the issue of 439,918
shares as approved by Sovereign shareholders on 23 August 2023 and the issue
of 34,549,598 shares pursuant to the exercise of options on 4 July 2024.

The Form 604 can be viewed in full via the below link:

https://www.investi.com.au/api/announcements/svm/511e90f4-659.pdf
(https://www.investi.com.au/api/announcements/svm/511e90f4-659.pdf)

 

ENQUIRIES

 

 Dylan Browne

Company Secretary

 +61(8) 9322 6322

 

 Nominated Adviser on AIM and Joint Broker
 SP Angel Corporate Finance LLP             +44 20 3470 0470
 Ewan Leggat

 Charlie Bouverat

 Joint Brokers
 Stifel                                     +44 20 7710 7600
 Varun Talwar
 Ashton Clanfield

 Berenberg                                  +44 20 3207 7800
 Matthew Armitt
 Jennifer Lee

 Buchanan                                   + 44 20 7466 5000

 

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