Sovereign Metals Limited Lapse of Performance Rights (7761B)

TIDMSVML

RNS Number : 7761B

Sovereign Metals Limited

06 June 2023

SOVEREIGN METALS LIMITED

NEWS RELEASE | 6 JUNE 2023

Lapse of Performance Rights

The Company advises that, in accordance with the Company's shareholder approved Employee Incentive Plan, the following performance rights have been cancelled for no consideration following cessation of employment with the Company:

-- 450,000 performance rights subject to the "Feasibility Study Announcement Milestone" expiring on or before 31 December 2025.

Following the cancellation, Sovereign has the following securities on issue:

   --      470,875,023 ordinary fully paid shares;

-- 6,100,000 performance rights subject to the "Pre-Feasibility Study Announcement Milestone" expiring on or before 31 December 2023; and

-- 7,810,000 performance rights subject to the "Feasibility Study Announcement Milestone" expiring on or before 31 October 2025.

Classification: 2.5 Total number of voting rights and capital

ENQUIRIES

 
 Dylan Browne 
  Company Secretary 
  +61(8) 9322 6322 
 
 
            Nominated Adviser on AIM 
            RFC Ambrian 
 Andrew Thomson                         +61 8 9480 2500 
 
            Joint Brokers 
            Berenberg                   +44 20 3207 7800 
 Matthew Armitt 
 Jennifer Lee 
 
 Optiva Securities                      +44 20 3137 1902 
 Daniel Ingram 
 Mariela Jaho 
 Christian Dennis

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END

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June 06, 2023 02:00 ET (06:00 GMT)

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