Client NewsSovereign Metals Limited: Issue of Shares on Exercise of Unlisted Options and Performance Rights
Sovereign Metals Limited (Sovereign or the Company) (ASX:SVM, AIM:SVML) advises that it has issued 5,085,000 fully paid ordinary shares (Shares) upon the exercise of 500,000 A$0.50
unlisted options and conversion of 4,585,000 scoping study performance rights held by certain directors, employees and consultants of the Company pursuant to its shareholder approved
Employee Equity Incentive Plan for nil consideration.
Application will be made for the Shares to be admitted to trading on AIM (Admission) and it is expected that Admission will become effective on or around 12 January 2022.
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