Appendix 3Y
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.
Introduced 30/09/01 Amended 01/01/11
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Name of entity SOVEREIGN METALS LIMITED |
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ABN 71 120 833 427 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director |
Benjamin Stoikovich |
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Date of last notice |
23 June 2022 |
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.
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Direct or indirect interest |
Direct and Indirect
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Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
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Selwyn Capital Limited (beneficial interest)
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Date of change |
10 & 11 August 2022 |
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No. of securities held prior to change |
(a) 3,590,000 (b) 360,000 (c) 480,000 |
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Class |
(a) Ordinary Fully Paid Shares (b) Unlisted Performance Rights subject to the “Feasibility Study Milestone” expiring 31 December 2023 (c) Unlisted Performance Rights subject to the “Decision to Mine Milestone” expiring 31 October 2025 |
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Number acquired |
(a) 572 |
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Number disposed |
(a) (572) |
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Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
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Acquisition – £145 Disposal – $252 |
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No. of securities held after change |
(a) 3,590,000 (b) 360,000 (c) 480,000 |
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Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
Mr Stoikovich recently set up a broking account to hold the shares issued to Mr Stoikovich in June 2022 following the exercise of unlisted options.
Mr Stoikovich was informed that an automatic sale for a small amount of these shares occurred by Mr Stoikovich’s broker (without Mr Stoikovich’s knowledge and approval under the Company’s Security Trading Policy) to cover administration costs for setting up Mr Stoikovich’s broking account. The same number of shares that were sold were subsequently purchased back by Mr Stoikovich on market. |
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.
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Detail of contract |
Not applicable |
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Nature of interest
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Not applicable |
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Name of registered holder (if issued securities)
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Not applicable |
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Date of change |
Not applicable |
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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
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Not applicable |
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Interest acquired |
Not applicable |
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Interest disposed |
Not applicable |
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Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
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Not applicable |
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Interest after change |
Not applicable |
Part 3 – + Closed period
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Were the interests in the securities or contracts detailed above traded during a + closed period where prior written clearance was required? |
No |
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If so, was prior written clearance provided to allow the trade to proceed during this period? |
Not applicable |
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If prior written clearance was provided, on what date was this provided? |
Not applicable |
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Initial notification/Amendment |
Initial |
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LEI |
213800NSPXSASTENFQ34 |
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Place of transaction |
Australian Securities Exchange (ASX) and the AIM Market of the London Stock Exchange (AIM) |