SOVEREIGN METALS LIMITED
NEWS RELEASE I 28 MARCH 2024
Change of Director's Interest Notice
Name of Director | Julian Stephens |
| 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
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| Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
| One Way Trust (beneficial interest)
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| Date of change | 26 and 27 March 2024 |
| No. of securities held prior to change | (a) 16,557,518 (b) 1,200,000 |
| Class | (a) Ordinary Fully Paid Shares (b) Unlisted Performance Rights subject to the "Definitive Feasibility Study Milestone" expiring 31 October 2025 |
| Number acquired | Nil |
| Number disposed | (a) 3,000,000 |
| Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation | $1,430,000 |
| No. of securities held after change | (a) 13,557,518 (b) 1,200,000 |
| Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | Special crossing trade to settle outstanding personal tax obligations |
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 (if issued securities)
| Not applicable |
| Date of change | Not applicable |
| No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
| Not applicable |
| Interest acquired | Not applicable |
| Interest disposed | Not applicable |
| Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
| Not applicable |
| Interest after change | Not applicable |
Part 3 - +Closed period
| Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? | No |
| If so, was prior written clearance provided to allow the trade to proceed during this period? | Not applicable |
| If prior written clearance was provided, on what date was this provided? | Not applicable |
| Initial notification/Amendment | Initial |
| LEI | 213800NSPXSASTENFQ34 |
| Place of transaction | Australian Securities Exchange (ASX) |
ENQUIRIES
| Frank Eagar (South Africa/Malawi) +61(8) 9322 6322 | Sam Cordin (Perth) | Sapan Ghai (London)
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| Nominated Adviser on AIM and Joint Broker |
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| SP Angel Corporate Finance LLP | +44 20 3470 0470 |
| Ewan Leggat Charlie Bouverat Harry Davies-Ball | |
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| Joint Brokers |
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| Stifel | +44 20 7710 7600 |
| Varun Talwar |
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| Ashton Clanfield |
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| Berenberg | +44 20 3207 7800 |
| Matthew Armitt |
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| Jennifer Lee |
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| Buchanan | + 44 20 7466 5000 |
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