AIM Rule 26

The following information is being provided for the purposes of Rule 26 of the AIM Rules for Companies (AIM Rules).

AIM Rule 26 page last updated on 11 October 2021.

For further information, click on the links below:

Incorporation and operation

Sovereign Metals Limited is incorporated in Australia and operates in Malawi.

Corporate Governance

The Company applies the ASX Corporate Governance Council Principles and Recommendations 4th Edition (“ASX Principles and Recommendations”). A statement of the Company’s compliance with the ASX Principles and Recommendations and Sovereign Metals’ latest ASX Appendix 4G describing the Company’s adoption of the ASX Principles and Recommendations can be accessed on the Corporate Governance Page. These documents were approved by the Board on 22 September 2021 and will be updated annually.  

Rights of Shareholders

As Sovereign Metals is not incorporated in the UK, the rights of shareholders may be different from the rights of shareholders in a UK incorporated company. Shareholders should refer to the Company’s Constitution for further details.

UK City Code

Sovereign Metals Limited is not subject to the UK City Code on Takeovers and Mergers. As an Australian Incorporated Company, Sovereign Metals is subject to the provisions of the Corporations Act 2001 (Cth) (‘Act’).

Exchanges

Sovereign Metals Limited is listed on the Australian Securities Exchange (ASX:SVM) and the AIM Market of the London Stock Exchange (AIM:SVML).

The information contained on this page was last updated on 11 October 2021.

Securities Section

This information was last updated on 11 October 2021.

Ordinary Shares

Listed ordinary fully paid Shares423,357,327

Sovereign Metals does not hold any Shares as treasury Shares.

The percentage of shares not held in public hands is 19.6%.

Unlisted Options

Unlisted Options exercisable at A$0.14 on or before 30 June 20226,375,000
Unlisted Options exercisable at A$0.18 on or before 30 June 20222,000,000
Unlisted Options exercisable at A$0.50 on or before 09 April 20229,839,500
Unlisted Options exercisable at A$0.18 on or before 31 July 20222,500,000
Total Number of Options20,714,500

Performance Rights

Announcement of a positive Scoping Study – Expiry 31 December 20214,360,000
Announcement of a positive Feasibility Study – Expiry 31 December 20235,070,000
Announcement of a Decision to Mine (Malawi rutile) – Expiry 31 October 20257,370,000
Total Number of Performance Rights16,800,000

Restrictions on Trading of Securities

There are currently no restrictions on the transfer of shares

Note of course the use of “shares” is accurate as AIM Rule 26 refers to restrictions on transfer of “AIM securities”.

Significant shareholders

ShareholderNumber of Ordinary Shares Owned% of Fully Paid Ordinary Shares
Sprott Inc.43,138,64110.19%
Arredo Pty Ltd16,100,0003.80%
Mr Mark Stuart Savage14,781,1183.49%
Julian Stephens13,317,5183.15%

This website is owned by Sovereign Metals Limited.

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