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SOVEREIGN METALS LIMITED
NEWS RELEASE | 6 JUNE 2023
Lapse of Performance Rights
The Company advises that, in accordance with the Company's shareholder approved Employee Incentive Plan, the following performance rights have been cancelled for no consideration following cessation of employment with the Company:
· 450,000 performance rights subject to the "Feasibility Study Announcement Milestone" expiring on or before 31 December 2025.
Following the cancellation, Sovereign has the following securities on issue:
· 470,875,023 ordinary fully paid shares;
· 6,100,000 performance rights subject to the "Pre-Feasibility Study Announcement Milestone" expiring on or before 31 December 2023; and
· 7,810,000 performance rights subject to the "Feasibility Study Announcement Milestone" expiring on or before 31 October 2025.
Classification: 2.5 Total number of voting rights and capital
ENQUIRIES
Dylan Browne +61(8) 9322 6322 |
Nominated Adviser on AIM |
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RFC Ambrian |
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Andrew Thomson | +61 8 9480 2500 |
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Joint Brokers |
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Berenberg | +44 20 3207 7800 |
Matthew Armitt |
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Jennifer Lee |
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Optiva Securities | +44 20 3137 1902 |
Daniel Ingram |
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Mariela Jaho |
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Christian Dennis |
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