TIDMSVML
RNS Number : 5845U
Sovereign Metals Limited
24 November 2023
SOVEREIGN METALS LIMITED
NEWS RELEASE I 24 NOVEMBER 2023
Results of Annual General Meeting
The Annual General Meeting (AGM) of Sovereign Metals Limited
(Company) (ASX:SVM, AIM:SVML) was held today, 24 November 2023, at
10.00am (AWST).
The resolutions voted on were in accordance with the Notice of
AGM previously advised to shareholders. All resolutions were
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 each resolution are set out in the below
summary.
ENQUIRIES
Dylan Browne
Company Secretary
+61(8) 9322 6322
info@sovereignmetals.com
Nominated Adviser on AIM and
Joint Broker
SP Angel Corporate Finance LLP +44 20 3470 0470
Ewan Leggat
Charlie Bouverat
Harry Davies-Ball
Joint Brokers
Berenberg +44 20 3207 7800
Matthew Armitt
Jennifer Lee
Tavistock PR +44 20 7920 3150
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. Remuneration on vote
Report 5,664,686 22,000 19,101,151 2,471,598 9,795,986 22,000 19,101,151 by poll
(99.8%) (0.2%)
----------- ---------- ----------- ----------- ----------- ---------- ----------- --------
2. Re-election Carried
of Director - on vote
Mr Ian Middlemas 23,241,037 1,546,800 - 2,471,598 27,372,337 1,546,800 - by poll
(95%) (5%)
----------- ---------- ----------- ----------- ----------- ---------- ----------- --------
3. Re-election Carried
of Director - on vote
Dr Julian Stephens 23,241,037 1,546,800 - 2,471,598 27,372,337 1,546,800 - by poll
(95%) (5%)
----------- ---------- ----------- ----------- ----------- ---------- ----------- --------
4. Renewal of Carried
Employee Incentive on vote
Equity Plan 19,359,686 10,000 5,418,151 2,471,598 23,490,986 10,000 5,418,151 by poll
(99.9%) (0.1%)
----------- ---------- ----------- ----------- ----------- ---------- ----------- --------
5. Issue of Performance
Rights to a Director Carried
- Mr Benjamin on vote
Stoikovich 4,116,886 1,569,800 19,101,151 2,471,598 8,248,186 1,569,800 19,101,151 by poll
(84%) (16%)
----------- ---------- ----------- ----------- ----------- ---------- ----------- --------
6. Issue of Performance Carried
Rights to a Director on vote
- Mr Mark Pearce 4,116,886 1,569,800 19,101,151 2,471,598 8,248,186 1,569,800 19,101,151 by poll
(84%) (16%)
----------- ---------- ----------- ----------- ----------- ---------- ----------- --------
7. Issue of Performance Carried
Rights to a Director on vote
- Mr Nigel Jones 4,116,886 1,569,800 19,101,151 2,471,598 8,248,186 1,569,800 19,101,151 by poll
(84%) (16%)
----------- ---------- ----------- ----------- ----------- ---------- ----------- --------
8. Approval of Carried
Additional 10% on vote
Placement Capacity 24,715,837 72,000 - 2,471,598 28,847,137 72,000 - by poll
(99.8%) (0.2%)
----------- ---------- ----------- ----------- ----------- ---------- ----------- --------
Issue of Performance Rights
Following the shareholder approval of resolutions 5 to 7 today,
the Company has issued 1,750,000 unlisted performance rights to
Directors as disclosed in the Notice of AGM as follows:
-- 700,000 performance rights subject to the "Grant of Mining
Licence Milestone" that have no exercise price and expire 31 March
2026; and
-- 1,050,000 performance rights subject to the "Final Investment
Decision Milestone" that have no exercise price and expire 30 June
2026.
Following the issue of these performance rights, the Company has
the following securities on issue:
-- 563,003,401 fully paid ordinary shares;
-- 34,549,598 unlisted options exercisable at A$0.535 each on or before 21 July 2024;
-- 9,110,000 unlisted performance rights subject to the
"Definitive Feasibility Study Milestone" expiring on or before 31
October 2025;
-- 3,150,000 unlisted performance rights subject to the "Grant
of Mining Licence Milestone" that have no exercise price and expire
31 March 2026; and
-- 4,150,000 unlisted performance rights subject to the "Final
Investment Decision Milestone" that have no exercise price and
expire 30 June 2026.
Change of Directors' Interest Notices are provided below.
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
A)
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 29 September 2023
--------------------
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 Selwyn Capital Limited (beneficial
(including registered holder) interest)
Note: Provide details of the
circumstances giving rise to
the relevant interest.
-----------------------------------
Date of change 24 November 2023
-----------------------------------
No. of securities held prior (a) 4,190,000
to change
(b) 600,000
(c) -
(d) -
-----------------------------------
Class (a) Ordinary Fully Paid Shares
(b) Unlisted Performance Rights
subject to the "Definitive
Feasibility Study Milestone"
expiring 31 October 2025
(c) Unlisted Performance Rights
subject to the Grant of Mining
Licence Milestone" expiring
31 March 2026
(d) Unlisted Performance Rights
subject to the "Final Investment
Decision Milestone" expiring
30 June 2026
-----------------------------------
Number acquired (c) 350,000
(d) 500,000
-----------------------------------
Number disposed Not applicable
-----------------------------------
Value/Consideration Not applicable - see nature
Note: If consideration is non-cash, of change below
provide details and estimated
valuation
-----------------------------------
No. of securities held after (a) 4,190,000
change
(b) 600,000
(c) 350,000
(d) 500,000
-----------------------------------
Nature of change Issue of Performance Rights
Example: on-market trade, off-market following shareholder approval
trade, exercise of options,
issue of securities under dividend
reinvestment plan, participation
in buy-back
-----------------------------------
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 Not applicable
(if issued securities)
---------------
Date of change Not applicable
---------------
No. and class of securities Not applicable
to which interest related
prior to change
Note: Details are only
required for a contract
in relation to which
the interest has changed
---------------
Interest acquired Not applicable
---------------
Interest disposed Not applicable
---------------
Value/Consideration Not applicable
Note: If consideration
is non-cash, provide
details and an estimated
valuation
---------------
Interest after change Not applicable
---------------
Part 3 - + Closed period
Were the interests in the securities No
or contracts detailed above traded
during a + closed period where prior
written clearance was required?
If so, was prior written clearance Not applicable
provided to allow the trade to proceed
during this period?
---------------
If prior written clearance was provided, Not applicable
on what date was this provided?
---------------
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
B)
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 29 September 2023
------------------
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) * Mr Mark Pearce and Mrs Natasha Pearce
Note: Provide details of the
circumstances giving rise to
the relevant interest. * Apollo Group Pty Ltd (director and indirect
shareholder)
* Crystal Brook Investments Pty Ltd (director and
beneficial interest)
-------------------------------------------------------
Date of change 24 November 2023
-------------------------------------------------------
No. of securities held prior (a) 4,520,842
to change
(b) 300,000
(c) -
(d) -
-------------------------------------------------------
Class (a) Ordinary Fully Paid Shares
(b) Unlisted Performance Rights
subject to the "Definitive
Feasibility Study Milestone"
expiring 31 October 2025
(c) Unlisted Performance Rights
subject to the Grant of Mining
Licence Milestone" expiring
31 March 2026
(d) Unlisted Performance Rights
subject to the "Final Investment
Decision Milestone" expiring
30 June 2026
-------------------------------------------------------
Number acquired (c) 250,000
(d) 400,000
-------------------------------------------------------
Number disposed Not applicable
-------------------------------------------------------
Value/Consideration Not applicable - see nature
Note: If consideration is non-cash, of change below
provide details and estimated
valuation
-------------------------------------------------------
No. of securities held after (a) 4,520,842
change
(b) 300,000
(c) 250,000
(d) 400,000
-------------------------------------------------------
Nature of change Issue of Performance Rights
Example: on-market trade, off-market following shareholder approval
trade, exercise of options,
issue of securities under dividend
reinvestment plan, participation
in buy-back
-------------------------------------------------------
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 Not applicable
(if issued securities)
---------------
Date of change Not applicable
---------------
No. and class of securities Not applicable
to which interest related
prior to change
Note: Details are only
required for a contract
in relation to which
the interest has changed
---------------
Interest acquired Not applicable
---------------
Interest disposed Not applicable
---------------
Value/Consideration Not applicable
Note: If consideration
is non-cash, provide
details and an estimated
valuation
---------------
Interest after change Not applicable
---------------
Part 3 - + Closed period
Were the interests in the securities No
or contracts detailed above traded
during a + closed period where prior
written clearance was required?
If so, was prior written clearance Not applicable
provided to allow the trade to proceed
during this period?
---------------
If prior written clearance was provided, Not applicable
on what date was this provided?
---------------
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
C)
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 Nigel Jones
Date of last notice 29 September 2023
------------------
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 Redbeck Partners Ltd (beneficial
(including registered holder) interest)
Note: Provide details of the
circumstances giving rise to
the relevant interest.
----------------------------------
Date of change 24 November 2023
----------------------------------
No. of securities held prior (e) 225,000
to change
(f) 300,000
(g) -
(h) -
----------------------------------
Class (e) Ordinary Fully Paid Shares
(f) Unlisted Performance Rights
subject to the "Definitive
Feasibility Study Milestone"
expiring 31 October 2025
(g) Unlisted Performance Rights
subject to the Grant of Mining
Licence Milestone" expiring
31 March 2026
(h) Unlisted Performance Rights
subject to the "Final Investment
Decision Milestone" expiring
30 June 2026
----------------------------------
Number acquired (c) 100,000
(d) 150,000
----------------------------------
Number disposed Not applicable
----------------------------------
Value/Consideration Not applicable - see nature
Note: If consideration is non-cash, of change below
provide details and estimated
valuation
----------------------------------
No. of securities held after (a) 225,000
change
(b) 300,000
(c) 100,000
(d) 150,000
----------------------------------
Nature of change Issue of Performance Rights
Example: on-market trade, off-market following shareholder approval
trade, exercise of options,
issue of securities under dividend
reinvestment plan, participation
in buy-back
----------------------------------
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 Not applicable
(if issued securities)
---------------
Date of change Not applicable
---------------
No. and class of securities Not applicable
to which interest related
prior to change
Note: Details are only
required for a contract
in relation to which
the interest has changed
---------------
Interest acquired Not applicable
---------------
Interest disposed Not applicable
---------------
Value/Consideration Not applicable
Note: If consideration
is non-cash, provide
details and an estimated
valuation
---------------
Interest after change Not applicable
---------------
Part 3 - + Closed period
Were the interests in the securities No
or contracts detailed above traded
during a + closed period where prior
written clearance was required?
If so, was prior written clearance Not applicable
provided to allow the trade to proceed
during this period?
---------------
If prior written clearance was provided, Not applicable
on what date was this provided?
---------------
Initial notification/Amendment Initial
LEI 213800NSPXSASTENFQ34
-------------------------------------
Place of transaction Australian Securities Exchange (ASX)
-------------------------------------
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