Client News
Sovereign Metals – 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.
Lapse of Performance Rights – 07:00:07 06 Jun 2023 – SVML News article | London Stock Exchange
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