Sovereign Metals Limited — Director's Dealing 2021

Dec 23, 2021

National Storage Mechanism | Additional information

RNS Number : 6056W

Sovereign Metals Limited

23 December 2021

SOVEREIGN METALS LIMITED

NEWS RELEASE I 23 DECEMBER 2021

ISSUE OF SHARES ON EXERCISE OF UNLISTED OPTIONS AND PERFORMANCE RIGHTS

Sovereign Metals Limited (Sovereign or the Company) (ASX:SVM, AIM:SVML) advises that it has issued  5,085,000 fully paid ordinary shares (Shares) upon the exercise of 500,000 A$0.50 unlisted options and conversion of 4,585,000 scoping study performance rights held by certain directors, employees and consultants of the Company pursuant to its shareholder approved Employee Equity Incentive Plan for nil consideration.

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 12 January 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 432,433,755 Ordinary Shares in issue with voting rights attached.  For clarity, this figure includes the Placing Shares (see, and as defined in, the RNS dated of 22 December 2021). The figure of 432,433,755 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. 

Shares on conversion of the performance rights have been issued to Directors of the Company as detailed below:  

ENQUIRIES

Dr Julian Stephens (Perth) Managing Director +61(8) 9322 6322	Sam Cordin (Perth) +61(8) 9322 6322	Sapan Ghai (London) +44 207 478 3900

Nominated Adviser on AIM
RFC Ambrian
Bhavesh Patel / Andrew Thomson	+44 20 3440 6800
Broker
Optiva Securities	+44 20 3137 1902
Daniel Ingrams
Mariela Jaho
Christian Dennis

Rule 3.19A.2

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	11 June 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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Selwyn Capital Limited (beneficial interest)
Date of change	23 December 2021
No. of securities held prior to change	(a)   2,150,000 (b)   1,500,000 (c)   360,000 (d)   360,000 (e)   480,000
Class	(a)   Ordinary Fully Paid Shares (b)   $0.14 Incentive Options, expiring 30 June 2022 (c)   Unlisted Performance Rights subject to the "Scoping Study Milestone" expiring 31 December 2021 (d)   Unlisted Performance Rights subject to the "Feasibility Study Milestone" expiring 31 December 2023 (e)   Unlisted Performance Rights subject to the "Decision to Mine Milestone" expiring 31 October 2025
Number acquired	(a)   360,000
Number disposed	(c)   (360,000)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Not applicable
No. of securities held after change	(a)   2,510,000 (b)   1,500,000 (c)   Nil (d)   360,000 (e)   480,000
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Conversion of Performance Rights upon satisfaction of the Scoping Study milestone pursuant to the Company approved Employee Equity Incentive Plan

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 (if issued securities)	Not applicable
Date of change	Not applicable
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Not applicable
Interest after change	Not applicable

Part 3 - +Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

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	21 June 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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	One Way Trust (beneficial interest)
Date of change	23 December 2021
No. of securities held prior to change	(f)    13,317,518 (g)   2,000,000 (h)   900,000 (i)    900,000 (j)    1,200,000
Class	(f)    Ordinary Fully Paid Shares (g)   $0.14 Incentive Options, expiring 30 June 2022 (h)   Unlisted Performance Rights subject to the "Scoping Study Milestone" expiring 31 December 2021 (i)    Unlisted Performance Rights subject to the "Feasibility Study Milestone" expiring 31 December 2023 (j)   Unlisted Performance Rights subject to the "Decision to Mine Milestone" expiring 31 October 2025
Number acquired	(b)   900,000
Number disposed	(c)   (900,000)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Not applicable
No. of securities held after change	(f)   14,217,518 (g)  2,000,000 (h)  Nil (i)   900,000 (j)   1,200,000
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Conversion of Performance Rights upon satisfaction of the Scoping Study milestone pursuant to the Company approved Employee Equity Incentive Plan

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 (if issued securities)	Not applicable
Date of change	Not applicable
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Not applicable
Interest after change	Not applicable

Part 3 - +Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

Initial notification/Amendment	Initial
LEI	213800NSPXSASTENFQ34
Place of transaction	Australian Securities Exchange (ASX)

Rule 3.19A.2

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	Mark Pearce
Date of last notice	25 November 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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	·  Mr Mark Pearce and Mrs Natasha Pearce (trustee and beneficial interest) ·  Apollo Group Pty Ltd (director and indirect shareholder) ·  Crystal Brook Investments Pty Ltd (director and beneficial interest)
Date of change	23 December 2021
No. of securities held prior to change	(a)     4,070,842 (b)     225,000 (c)     225,000 (d)     300,000
Class	(a)    Ordinary Fully Paid Shares (b)    Unlisted Performance Rights subject to the "Scoping Study Milestone" expiring 31 December 2021 (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)     225,000
Number disposed	(b)     (225,000)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Not applicable
No. of securities held after change	(a)     4,295,842 (b)     Nil (c)     225,000 (d)     300,000
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Conversion of Performance Rights upon satisfaction of the Scoping Study milestone

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 (if issued securities)	Not applicable
Date of change	Not applicable
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Not applicable
Interest after change	Not applicable

Part 3 - +Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

Initial notification/Amendment	Initial
LEI	213800NSPXSASTENFQ34
Place of transaction	Australian Securities Exchange (ASX)

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