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

 

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

 
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