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 15 August 2024.
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 27 September 2023 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 30 November 2023.
Securities Section
This information was last updated on 30 November 2023.
Ordinary Shares
| Listed ordinary fully paid Shares | 597,552,999 |
Sovereign Metals does not hold any Shares as treasury Shares.
The percentage of shares not held in public hands is 16.7%.
Performance Rights
| Announcement of a positive Definitive Feasibility Study – Expiry 31 October 2025 | 9,460,000 |
| Announcement of the granting of a Mining Licence – Expiry 31 March 2026 | 3,600,000 |
| Announcement of Final Investment Decision (FID) – Expiry 30 June 2026 | 4,800,000 |
| Total Number of Performance Rights | 17,860,000 |
Restrictions on Trading of Securities
There are currently no restrictions on the transfer of shares
Significant shareholders
| Shareholder | Number of Ordinary Shares Owned | % of Fully Paid Ordinary Shares |
|---|---|---|
| Rio Tinto | 118,085,108 | 19.8% |
| Sprott Inc. | 43,653,965 | 7.3% |
This website is owned by Sovereign Metals Limited.
T: +61 8 9322 6322
A: Level 9, BGC Centre, 28 The Esplanade, PERTH WA 6000
