Sovereign Metals Limited Result of Meeting (3398T)

TIDMSVML

RNS Number : 3398T

Sovereign Metals Limited

17 March 2023

SOVEREIGN METALS LIMITED

NEWS RELEASE I 17 MARCH 2023

RESULTS OF MEETING

A General Meeting (Meeting) of Sovereign Metals Limited (Company) (ASX:SVM, AIM:SVML) was held today, 17 March 2023, at 10.00am (AWST).

The resolution voted on was in accordance with the Notice of General Meeting previously advised to shareholders and depository interest holders. The resolution was decided on and carried by way of poll.

In accordance with Section 251AA of the Corporations Act 2001 and ASX Listing Rule 3.13.2, the details of the poll and proxies received in respect of the resolution is set out over page.

The indicative timetable regarding the Demerger is provided below.

 
              Event                                                                    Indicative Date 
-----------------------------------------------------------------------  ----------------------------- 
              Effective date of Distribution                                            20 March 2023 
              Repositioning of securities between the Australian                        21 March 2023 
               share register and UK Depositary Interest register 
               is suspended at the close of business 
              Record Date                                                               23 March 2023 
              Repositioning of securities between the Australian                        24 March 2023 
               share register and UK Depositary Interest register 
               recommences 
              Date for Distribution to Shareholders (Distribution                       24 March 2023 
               Date) 
              Despatch of holding statements for NGX Shares transferred                 27 March 2023 
               under the Distribution 
-----------------------------------------------------------------------  -----------------------------

Note: The dates shown in the table above are indicative only and may vary subject to the Corporations Act, the Listing Rules, the AIM Rules and other applicable laws.

ENQUIRIES

 
 Dylan Browne 
  Company Secretary 
  +61(8) 9322 6322 
  info@sovereignmetals.com 
 
 
 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 
 
 
 Resolution                   Number of Proxy Votes                    Number and Percentage           Voting 
                                                                      of Votes cast on the Poll         Method 
                                                                                                      and Result 
                      For       Against   Abstain     Proxy's        For        Against    Abstain 
                                                     Discretion 
                  -----------  --------  --------  ------------  -----------  ----------  -------- 
                                                                                                       Carried 
 1. Approval of                                                                                        on vote 
  Demerger         51,981,046    3,689     8,838     2,832,220    56,747,266     3,689      8,838      by poll 
                                                                    (99.99%)     (0.01%) 
                  -----------  --------  --------  ------------  -----------  ----------  --------  ------------

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END

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March 17, 2023 03:00 ET (07:00 GMT)

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