TIDMSVML
RNS Number : 9281P
Sovereign Metals Limited
23 June 2022
SOVEREIGN METALS LIMITED
NEWS RELEASE I 23 JUNE 2022
ISSUE OF SHARES ON EXERCISE OF UNLISTED OPTIONS
Sovereign Metals Limited (Sovereign or the Company) (ASX:SVM,
AIM:SVML) advises that it has issued 7,444,000 fully paid ordinary
shares (Shares) upon the exercise of unlisted options as detailed
below.
-- Cashless exercise of 6,125,000 unlisted options exercisable
at A$0.14 each on or before 30 June 2022 for the issue of 4,410,000
Shares;
-- Exercise of 250,000 unlisted options exercisable at A$0.14
each on or before 30 June 2022 for the issue of 250,000 Shares for
proceeds of A$35,000;
-- Cashless exercise of 1,850,000 unlisted options exercisable
at A$0.18 each on or before 30 June 2022 for the issue of 1,184,000
Shares;
-- Cashless exercise of 2,500,000 unlisted options exercisable
at A$0.18 each on or before 31 July 2022 for the issue of 1,600,000
Shares.
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 30 June 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 470,725,023 Ordinary Shares in issue
with voting rights attached. The figure of 470,725,023 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.
Following the issue of Shares, Sovereign has the following
securities on issue:
-- 470,725,023 ordinary fully paid ordinary shares;
-- 150,000 unlisted options exercisable at A$0.18 each on or before 30 June 2022;
-- 11,105,125 unlisted options exercisable at A$0.80 each on or before 13 May 2023;
-- 5,120,000 performance rights subject to the "Feasibility
Study Milestone" expiring on or before 31 December 2023; and
-- 7,320,000 performance rights subject to the "Decision to Mine
Milestone" expiring on or before 31 October 2025.
Shares on exercise of unlisted options have issued to Directors
of the Company are 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
Joint Brokers
Berenberg +44 20 3207 7800
Matthew Armitt
Jennifer Lee
Varun Talwar
Optiva Securities +44 20 3137 1902
Daniel Ingrams
Mariela Jaho
Christian Dennis
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
UK domestic law by virtue of the European Union (Withdrawal) Act
2018 ('MAR'). Upon the publication of this announcement via
Regulatory Information Service ('RIS'), this inside information is
now considered to be in the public domain.
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 December 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 June 2022
-----------------------------------
No. of securities held prior (a) 2,510,000
to change (b) 1,500,000
(c) 360,000
(d) 480,000
-----------------------------------
Class (a) Ordinary Fully Paid Shares
(b) $0.14 Incentive Options,
expiring 30 June 2022
(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) 1,080,000 (upon exercise
of options)
-----------------------------------
Number disposed (b) (1,500,000)
-----------------------------------
Value/Consideration Nil - refer to nature of change
Note: If consideration is non-cash, below
provide details and estimated
valuation
-----------------------------------
No. of securities held after (a) 3,590,000
change
(b) -
(c) 360,000
(d) 480,000
-----------------------------------
Nature of change Exercise of unlisted options
Example: on-market trade, off-market pursuant to a cashless exercise
trade, exercise of options, facility
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)
-------------------------------------
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 December 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 June 2022
---------------------------------
No. of securities held prior (a) 14,217,518
to change (b) 2,000,000
(c) 900,000
(d) 1,200,000
---------------------------------
Class (a) Ordinary Fully Paid Shares
(b) $0.14 Incentive Options,
expiring 30 June 2022
(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) 1,440,000 (upon exercise
of options)
---------------------------------
Number disposed (b) (2,000,000)
---------------------------------
Value/Consideration Nil - refer to nature of change
Note: If consideration is non-cash, below
provide details and estimated
valuation
---------------------------------
No. of securities held after (e) 15,657,518
change
(f) -
(g) 900,000
(h) 1,200,000
---------------------------------
Nature of change Exercise of unlisted options
Example: on-market trade, off-market pursuant to a cashless exercise
trade, exercise of options, facility
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
IOEZXLBLLQLEBBE
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