Sovereign Metals Limited Issue of Equity on Exercise of Unlisted Options (6543R)
July 07 2022 - 2:55AM
UK Regulatory
TIDMSVML
RNS Number : 6543R
Sovereign Metals Limited
07 July 2022
SOVEREIGN METALS LIMITED
NEWS RELEASE I 7 JULY 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 150,000 fully paid ordinary
shares (Shares) upon the exercise of 150,000 unlisted options
exercisable at A$0.18 each on or before 30 June 2022.
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 13 July 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 470,875,023 Ordinary Shares in issue
with voting rights attached. The figure of 470,875,023 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:
-- 470,875,023 ordinary fully paid ordinary shares;
-- 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.
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
Optiva Securities +44 20 3137 1902
Daniel Ingram
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.
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END
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