TIDMSVML
RNS Number : 6056W
Sovereign Metals Limited
23 December 2021
SOVEREIGN METALS LIMITED
NEWS RELEASE I 23 DECEMBER 2021
ISSUE OF SHARES ON EXERCISE OF UNLISTED OPTIONS AND PERFORMANCE
RIGHTS
Sovereign Metals Limited (Sovereign or the Company) (ASX:SVM,
AIM:SVML) advises that it has issued 5,085,000 fully paid ordinary
shares (Shares) upon the exercise of 500,000 A$0.50 unlisted
options and conversion of 4,585,000 scoping study performance
rights held by certain directors, employees and consultants of the
Company pursuant to its shareholder approved Employee Equity
Incentive Plan for nil consideration.
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 12 January 2022.
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 432,433,755 Ordinary Shares in issue
with voting rights attached. For clarity, this figure includes the
Placing Shares (see, and as defined in, the RNS dated of 22
December 2021). The figure of 432,433,755 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 as detailed below:
ENQUIRIES
Dr Julian Stephens (Perth) Sam Cordin (Perth) Sapan Ghai (London)
Managing Director +61(8) 9322 6322 +44 207 478 3900
+61(8) 9322 6322
Nominated Adviser on AIM
RFC Ambrian
Bhavesh Patel / Andrew Thomson +44 20 3440 6800
Broker
Optiva Securities +44 20 3137 1902
Daniel Ingrams
Mariela Jaho
Christian Dennis
Rule 3.19A.2
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 11 June 2021
--------------------
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 23 December 2021
-----------------------------------
No. of securities held prior (a) 2,150,000
to change (b) 1,500,000
(c) 360,000
(d) 360,000
(e) 480,000
-----------------------------------
Class (a) Ordinary Fully Paid Shares
(b) $0.14 Incentive Options,
expiring 30 June 2022
(c) Unlisted Performance Rights
subject to the "Scoping Study
Milestone" expiring 31 December
2021
(d) Unlisted Performance Rights
subject to the "Feasibility
Study Milestone" expiring
31 December 2023
(e) Unlisted Performance Rights
subject to the "Decision to
Mine Milestone" expiring 31
October 2025
-----------------------------------
Number acquired (a) 360,000
-----------------------------------
Number disposed (c) (360,000)
-----------------------------------
Value/Consideration Not applicable
Note: If consideration is non-cash,
provide details and estimated
valuation
-----------------------------------
No. of securities held after (a) 2,510,000
change (b) 1,500,000
(c) Nil
(d) 360,000
(e) 480,000
-----------------------------------
Nature of change Conversion of Performance
Example: on-market trade, off-market Rights upon satisfaction of
trade, exercise of options, the Scoping Study milestone
issue of securities under dividend pursuant to the Company approved
reinvestment plan, participation Employee Equity Incentive
in buy-back Plan
-----------------------------------
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 21 June 2021
----------------
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 23 December 2021
----------------------------------
No. of securities held prior (f) 13,317,518
to change (g) 2,000,000
(h) 900,000
(i) 900,000
(j) 1,200,000
----------------------------------
Class (f) Ordinary Fully Paid Shares
(g) $0.14 Incentive Options,
expiring 30 June 2022
(h) Unlisted Performance Rights
subject to the "Scoping Study
Milestone" expiring 31 December
2021
(i) Unlisted Performance Rights
subject to the "Feasibility
Study Milestone" expiring
31 December 2023
(j) Unlisted Performance Rights
subject to the "Decision to
Mine Milestone" expiring 31
October 2025
----------------------------------
Number acquired (b) 900,000
----------------------------------
Number disposed (c) (900,000)
----------------------------------
Value/Consideration Not applicable
Note: If consideration is non-cash,
provide details and estimated
valuation
----------------------------------
No. of securities held after (f) 14,217,518
change (g) 2,000,000
(h) Nil
(i) 900,000
(j) 1,200,000
----------------------------------
Nature of change Conversion of Performance
Example: on-market trade, off-market Rights upon satisfaction of
trade, exercise of options, the Scoping Study milestone
issue of securities under dividend pursuant to the Company approved
reinvestment plan, participation Employee Equity Incentive
in buy-back Plan
----------------------------------
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)
-------------------------------------
Rule 3.19A.2
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 25 November 2021
-----------------
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 23 December 2021
-------------------------------------------------------
No. of securities held prior (a) 4,070,842
to change
(b) 225,000
(c) 225,000
(d) 300,000
-------------------------------------------------------
Class (a) Ordinary Fully Paid Shares
(b) Unlisted Performance Rights
subject to the "Scoping Study
Milestone" expiring 31 December
2021
(c) Unlisted Performance Rights
subject to the "Feasibility
Study Milestone" expiring
31 December 2023
(d) Unlisted Performance Rights
subject to the "Decision to
Mine Milestone" expiring 31
October 2025
-------------------------------------------------------
Number acquired (a) 225,000
-------------------------------------------------------
Number disposed (b) (225,000)
-------------------------------------------------------
Value/Consideration Not applicable
Note: If consideration is non-cash,
provide details and estimated
valuation
-------------------------------------------------------
No. of securities held after (a) 4,295,842
change
(b) Nil
(c) 225,000
(d) 300,000
-------------------------------------------------------
Nature of change Conversion of Performance
Example: on-market trade, off-market Rights upon satisfaction of
trade, exercise of options, the Scoping Study milestone
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 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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END
IOEXXLBLFLLXFBV
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