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:
- Company information
- Business description
- Board
- Committees, Responsibilities and Corporate Governance
- Constitution
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’).
- Advisors
- Documentation and announcements
- Public documents
- Annual Reports and Accounts
- Interim Reports
- Shareholder Communications
- Securities information
Exchanges
Sovereign Metals Limited is listed on the Australian Securities Exchange (ASX:SVM) and the AIM Market of the London Stock Exchange (AIM:SVML).
- Securities
- Admission to trading on AIM
- Schedule One
- Competent Person Report (CPR) – Rutile
- Competent Person Report (CPR) – Graphite
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 Shares | 423,357,327 |
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 2022 | 6,375,000 |
| Unlisted Options exercisable at A$0.18 on or before 30 June 2022 | 2,000,000 |
| Unlisted Options exercisable at A$0.50 on or before 09 April 2022 | 9,839,500 |
| Unlisted Options exercisable at A$0.18 on or before 31 July 2022 | 2,500,000 |
| Total Number of Options | 20,714,500 |
Performance Rights
| Announcement of a positive Scoping Study – Expiry 31 December 2021 | 4,360,000 |
| Announcement of a positive Feasibility Study – Expiry 31 December 2023 | 5,070,000 |
| Announcement of a Decision to Mine (Malawi rutile) – Expiry 31 October 2025 | 7,370,000 |
| Total Number of Performance Rights | 16,800,000 |
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
| Shareholder | Number of Ordinary Shares Owned | % of Fully Paid Ordinary Shares |
|---|---|---|
| Sprott Inc. | 43,138,641 | 10.19% |
| Arredo Pty Ltd | 16,100,000 | 3.80% |
| Mr Mark Stuart Savage | 14,781,118 | 3.49% |
| Julian Stephens | 13,317,518 | 3.15% |
This website is owned by Sovereign Metals Limited.
T: +61 8 9322 6322
A: Level 9, BGC Centre, 28 The Esplanade, PERTH WA 6000
