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#FCM First Class Metals LTD – Major Share Holding
The company was informed on 12th November 2024 that Graeme Paton now holds 4,500,000 shares in the company (4.463%) up from 3,200,000 shares (3.488%) previously.
Read here: https://www.londonstockexchange.com/news-article/FCM/holding-s-in-company/16760956
#FCM First Class Metals PLC – Repayment of Loan and Share Placing
First Class Metals PLC (“First Class Metals” “FCM” or the “Company”) is a UK metals exploration company focused on the discovery of economic metal deposits across its extensive Canadian – northern Ontario land holding, is pleased to announce that it has completed the repayment of the shares loaned to the Company by James Knowles, a director of FCM.
Mr Knowles previously loaned the Company two tranches of shares totalling 5,912,059 ordinary shares of £0.001 par value (“Shares”), as announced on 17 July 2024, and consequently 5,912,059 new Shares (“Loan Shares”) have been issued to him today to settle this outstanding position.
Admission and Total Voting Rights
Applications will be made to the FCA and the LSE for admission (“Admission”) of the 5,912,059 Loan Shares, which is expected to be on or around 7 August 2024. These shares rank pari passu with the existing ordinary shares of the Company.
Following Admission, the Company has 97,653,420 Shares in issue, each with one vote per share (and none of which are held in treasury). The total number of voting rights in the Company is therefore 97,653,420. This figure of 97,653,420 may be used by shareholders in the Company as the denominator for calculations to determine if they have a notifiable interest in the share capital of the Company under the Disclosure Guidance and Transparency Rules, or if such interest has changed.
Share Placing
The Company is also pleased to announce that it has completed a private placing of 9,500,000 Shares at a price of 2.7 pence per Share (the “Placing Price”), raising gross proceeds of £256,500 (the “Placing”). Axis Capital Markets, acted as the Company’s sole placing agent in respect of the Placing. The company are pleased to appoint Axis Capital Markets as its new broker following the completion of the fundraising.
The Placing Price represents a 16% discount to the mid-market closing price of the Company’s shares on 1 August 2024, the last trading date prior to the completion of the placing.
The proceeds from the Placing, are intended to be used to continue the Company’s activities across the portfolio aimed at enhancing value, including:
– Expansion and development of the company’s exploration activities on the Dead Otter Trend North, Hemlo.
– Work will include the expansion and potential addition of further stripping and channel sampling sites accelerating exploration further across the 3.7km long Dead Otter Trend.
– Exploration activities on FCM’s other core projects in Northern Ontario.
– For general working capital purposes.
James Knowles, Executive Chairman, Commented:
“In light of the recent announcements regarding the high priority status of the Dead Otter Trend, it was considered wise to take advantage of the crews and equipment already mobilised at the site to increase both the number and scope of stripping sites.
We believe that the Dead Otter project holds transformative potential for FCM’s future, and completing this capital raise promptly will allow significant additional work this summer, thus enhancing our understanding of the geology and the target’s true potential.
Marc Sale, our CEO, is currently onsite overseeing operations and will collaborate closely with the Emerald Geological Team to formulate an expanded operational plan.
I am also pleased to announce the appointment of Axis Capital Markets to be the Company’s new broker”
Director’s-Stock Lending Agreement(s)
The Company does not presently have sufficient headroom to enable the Shares subject to the Placing to be admitted to trading without the publication of an FCA approved prospectus. The Company is therefore proposing that following Admission, James Knowles, a director of the Company, loans 9,500,000 Shares to the Company by means of a share loan agreement (the “Share Lending Agreement”), to facilitate the Placing by the Company. This loan involves no consideration being paid or security granted to James Knowles or a chargeable fee.
The Placing is expected to be completed on or around 21 August 2024.
The Share Lending Agreements provide for the allotment of an aggregate of 9,500,000 new Shares in the Company to James Knowles by 30 December 2024 to replace the Shares loaned in terms of the Share Lending Agreement.
James Knowles has elected not to charge a fee for the loan of these shares.
Following the Share Lending Agreement, James Knowles will have a total of 9,500,000 Shares loaned to the Company.
Material Related Party Transaction
As James Knowles is a director of the Company, the Share Lending Agreement is a material related party transaction (“MRPT”) under the Disclosure Transparency & Guidance Rules.
Marc Sale, Marc Bamber and Andrew Williamson, being the independent directors for the purpose of this MRPT, have approved the MRPT as being fair and reasonable from the perspective of FCM and its shareholders.
For further information, please contact:
|
James Knowles, Executive Chairman |
07488 362641 |
|
|
Marc J Sale, CEO |
07711 093532 |
Novum Securities Limited (Financial Adviser)
|
David Coffman/ George Duxberry |
www.novumsecurities.com |
(0)20 7399 9400 |
Axis Capital Markets (Broker)
|
Lewis Jones/ Ben Tadd |
Axcap247.com |
(0) 203 026 0449 |
#AYM Anglesey Mining – Blocklisting – Interim Review
Name of applicant: Anglesey Mining plc
Name of scheme: Unapproved Share Option Scheme
Period of return: From 1 October 2023 to 31 March 2024
Balance of unallotted securities under scheme at beginning of period: 6,500,000
Plus: The amount by which the block scheme has been increased since the date of the last return: nil
Less: Number of securities issued/allotted under scheme during period: nil
Equals: Balance under scheme not yet issued/allotted at end of period: 6,500,000
Total Voting Rights
For the purposes of Disclosure and Transparency Rules, at the date of this announcement the total issued share capital is 420,093,017 ordinary shares of one pence each. There are no ordinary shares held in treasury and the total number of voting rights is therefore 420,093,017. This figure may be used by shareholders as the denominator of the calculations by which they will determine whether they are required to notify their interest or a change to their interest in the company, under the FCA’s Disclosure and Transparency Rules.
Contact name: Ian Cuthbertson
Telephone number: +44(0)1407 831275
LEI: 213800X8BO8EK2B4HQ71
#SVML Sovereign Metals LTD – Result of AGM
The Annual General Meeting (AGM) of Sovereign Metals Limited (Company) (ASX:SVM, AIM:SVML) was held today, 24 November 2023, at 10.00am (AWST).
The resolutions voted on were in accordance with the Notice of AGM previously advised to shareholders. All resolutions were decided on and carried by way of poll.
In accordance with Section 251AA of the Corporations Act 2001 and ASX Listing Rule 3.13.2, the details of the poll and proxies received in respect of each resolution are set out in the below summary.
ENQUIRIES
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Dylan Browne Company Secretary info@sovereignmetals.com |
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Nominated Adviser on AIM and Joint Broker |
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SP Angel Corporate Finance LLP |
+44 20 3470 0470 |
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Ewan Leggat Charlie Bouverat Harry Davies-Ball |
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Joint Brokers |
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Berenberg |
+44 20 3207 7800 |
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Matthew Armitt |
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Jennifer Lee |
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Tavistock PR |
+44 20 7920 3150 |
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Resolution |
Number of Proxy Votes |
Number and Percentage of Votes cast on the Poll |
Voting Method and Result |
|||||
|
For |
Against |
Abstain |
Proxy’s Discretion |
For |
Against |
Abstain |
||
|
1. Remuneration Report |
5,664,686 |
22,000 |
19,101,151 |
2,471,598 |
9,795,986 |
22,000 |
19,101,151 |
Carried on vote by poll |
|
2. Re-election of Director – Mr Ian Middlemas |
23,241,037 |
1,546,800 |
– |
2,471,598 |
27,372,337 |
1,546,800 |
– |
Carried on vote by poll |
|
3. Re-election of Director – Dr Julian Stephens |
23,241,037 |
1,546,800 |
– |
2,471,598 |
27,372,337 |
1,546,800 |
– |
Carried on vote by poll |
|
4. Renewal of Employee Incentive Equity Plan |
19,359,686 |
10,000 |
5,418,151 |
2,471,598 |
23,490,986 |
10,000 |
5,418,151 |
Carried on vote by poll |
|
5. Issue of Performance Rights to a Director – Mr Benjamin Stoikovich |
4,116,886 |
1,569,800 |
19,101,151 |
2,471,598 |
8,248,186 |
1,569,800 |
19,101,151 |
Carried on vote by poll |
|
6. Issue of Performance Rights to a Director – Mr Mark Pearce |
4,116,886 |
1,569,800 |
19,101,151 |
2,471,598 |
8,248,186 |
1,569,800 |
19,101,151 |
Carried on vote by poll |
|
7. Issue of Performance Rights to a Director – Mr Nigel Jones |
4,116,886 |
1,569,800 |
19,101,151 |
2,471,598 |
8,248,186 |
1,569,800 |
19,101,151 |
Carried on vote by poll |
|
8. Approval of Additional 10% Placement Capacity |
24,715,837 |
72,000 |
– |
2,471,598 |
28,847,137 |
72,000 |
– |
Carried on vote by poll |
Issue of Performance Rights
Following the shareholder approval of resolutions 5 to 7 today, the Company has issued 1,750,000 unlisted performance rights to Directors as disclosed in the Notice of AGM as follows:
· 700,000 performance rights subject to the “Grant of Mining Licence Milestone” that have no exercise price and expire 31 March 2026; and
· 1,050,000 performance rights subject to the “Final Investment Decision Milestone” that have no exercise price and expire 30 June 2026.
Following the issue of these performance rights, the Company has the following securities on issue:
· 563,003,401 fully paid ordinary shares;
· 34,549,598 unlisted options exercisable at A$0.535 each on or before 21 July 2024;
· 9,110,000 unlisted performance rights subject to the “Definitive Feasibility Study Milestone” expiring on or before 31 October 2025;
· 3,150,000 unlisted performance rights subject to the “Grant of Mining Licence Milestone” that have no exercise price and expire 31 March 2026; and
· 4,150,000 unlisted performance rights subject to the “Final Investment Decision Milestone” that have no exercise price and expire 30 June 2026.
Change of Directors’ Interest Notices are provided below.
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 |
A)
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 |
|
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.
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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 |
24 November 2023 |
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No. of securities held prior to change |
(a) 4,190,000 (b) 600,000 (c) – (d) – |
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Class |
(a) Ordinary Fully Paid Shares (b) Unlisted Performance Rights subject to the “Definitive Feasibility Study Milestone” expiring 31 October 2025 (c) Unlisted Performance Rights subject to the Grant of Mining Licence Milestone” expiring 31 March 2026 (d) Unlisted Performance Rights subject to the “Final Investment Decision Milestone” expiring 30 June 2026 |
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Number acquired |
(c) 350,000 (d) 500,000 |
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Number disposed |
Not applicable |
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Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
|
Not applicable – see nature of change below |
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No. of securities held after change |
(a) 4,190,000 (b) 600,000 (c) 350,000 (d) 500,000 |
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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 |
Issue of Performance Rights following shareholder approval |
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
|
Not applicable |
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Name of registered holder (if issued securities)
|
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
|
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
|
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 |
|
Initial notification/Amendment |
Initial |
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LEI |
213800NSPXSASTENFQ34 |
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Place of transaction |
Australian Securities Exchange (ASX) |
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
|
Name of entity SOVEREIGN METALS LIMITED |
|
ABN 71 120 833 427 |
B)
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 |
Mark Pearce |
|
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 |
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.
|
· Mr Mark Pearce and Mrs Natasha Pearce <NMLP Family A/C> (trustee and beneficial interest) · Apollo Group Pty Ltd (director and indirect shareholder) · Crystal Brook Investments Pty Ltd (director and beneficial interest)
|
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Date of change |
24 November 2023 |
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No. of securities held prior to change |
(a) 4,520,842 (b) 300,000 (c) – (d) – |
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Class |
(a) Ordinary Fully Paid Shares (b) Unlisted Performance Rights subject to the “Definitive Feasibility Study Milestone” expiring 31 October 2025 (c) Unlisted Performance Rights subject to the Grant of Mining Licence Milestone” expiring 31 March 2026 (d) Unlisted Performance Rights subject to the “Final Investment Decision Milestone” expiring 30 June 2026 |
|
Number acquired |
(c) 250,000 (d) 400,000
|
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Number disposed |
Not applicable
|
|
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
|
Not applicable – see nature of change below
|
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No. of securities held after change |
(a) 4,520,842 (b) 300,000 (c) 250,000 (d) 400,000 |
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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 |
Issue of Performance Rights following shareholder approval |
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 |
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Nature of interest |
Not applicable |
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Name of registered holder (if issued securities) |
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
|
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
|
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 |
|
If prior written clearance was provided, on what date was this provided? |
Not applicable |
|
Initial notification/Amendment |
Initial |
|
LEI |
213800NSPXSASTENFQ34 |
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Place of transaction |
Australian Securities Exchange (ASX) |
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
|
Name of entity SOVEREIGN METALS LIMITED |
|
ABN 71 120 833 427 |
C)
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 |
Nigel Jones |
|
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
|
|
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
|
Redbeck Partners Ltd (beneficial interest) |
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Date of change |
24 November 2023 |
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No. of securities held prior to change |
(e) 225,000 (f) 300,000 (g) – (h) –
|
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Class |
(e) Ordinary Fully Paid Shares (f) Unlisted Performance Rights subject to the “Definitive Feasibility Study Milestone” expiring 31 October 2025 (g) Unlisted Performance Rights subject to the Grant of Mining Licence Milestone” expiring 31 March 2026 (h) Unlisted Performance Rights subject to the “Final Investment Decision Milestone” expiring 30 June 2026 |
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Number acquired |
(c) 100,000 (d) 150,000 |
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Number disposed |
Not applicable |
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Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
|
Not applicable – see nature of change below |
|
No. of securities held after change |
(a) 225,000 (b) 300,000 (c) 100,000 (d) 150,000
|
|
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
Issue of Performance Rights following shareholder approval |
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 |
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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) |
#GRX GreenX Metals LTD – Change of Director’s Interest Notice x2
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
|
Name of entity GreenX Metals Limited |
|
ABN 23 008 677 852 |
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 |
|
Date of last notice |
6 December 2021 |
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 |
Direct |
|
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. |
Not applicable |
|
Date of change |
7 November 2023 |
|
No. of securities held prior to change |
a) 1,492,262 b) 1,500,000 c) 1,500,000 |
|
Class |
a) Fully paid ordinary shares b) Unlisted incentive options exercisable at A$0.45 each on or before 30 November 2025 c) Unlisted incentive options exercisable at A$0.55 each on or before 30 November 2026 |
|
Number acquired |
Nil |
|
Number disposed |
a) (672,856) b) Nil c) Nil |
|
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation |
$598,842 |
|
No. of securities held after change |
a) 819,406 b) 1,500,000 c) 1,500,000
|
|
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 |
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 |
213800EHCGNYSCN9T108 |
|
Place of transaction |
Australian Securities Exchange (ASX) |
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
|
Name of entity GreenX Metals Limited |
|
ABN 23 008 677 852 |
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 |
Mark Pearce |
|
Date of last notice |
4 August 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 |
Direct and Indirect |
|
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. |
NMLP Family Trust (beneficial interest)Crystal Brook Investments Pty Ltd (beneficial interest) |
|
Date of change |
7 November 2023 |
|
No. of securities held prior to change
|
a) 3,050,000 b) 500,000 c) 500,000 |
|
Class |
a) Fully paid ordinary shares b) Unlisted incentive options exercisable at A$0.45 each on or before 30 November 2025 c) Unlisted incentive options exercisable at A$0.55 each on or before 30 November 2026 |
|
Number acquired |
Nil |
|
Number disposed |
a) (200,000) b) Nil c) Nil |
|
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation |
$178,000 |
|
No. of securities held after change |
a) 2,850,000 b) 500,000 c) 500,000 |
|
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 |
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 |
213800EHCGNYSCN9T108 |
|
Place of transaction |
Australian Securities Exchange (ASX) |
#SVML Sovereign Metals LTD – Notice of AGM
Notice of Annual General Meeting
Sovereign Metals Limited (ASX: SVM, AIM: SVML) (the Company) advises that the Annual General Meeting (Meeting) will be held on Friday, 24 November 2023 at 10:00am (AWST) at the Conference Room, Ground Floor, 28 The Esplanade, Perth, Western Australia 6000.
In accordance with 110D of the Corporations Act 2001 (Cth), the Company will not be dispatching physical copies of the Notice of Meeting (unless a shareholder has elected to receive documents in hard copy in accordance with the timeframe specified in section 110E(8) of the Corporations Act 2001 (Cth)).
A copy of the Notice of Meeting can be viewed and downloaded online as follows:
· the Company’s website: http://sovereignmetals.com.au/announcements/.
· the Company’s ASX Market announcements page at www.asx.com.au under the Company’s ASX code “SVM”; or
· if you have provided an email address and have elected to receive electronic communications from the Company, you will receive an email to your nominated email address with a link to an electronic copy of the Notice of Meeting.
The Company intends to hold a physical meeting. The Company will notify shareholders of any changes to this by way of an announcement on ASX and AIM and the details will also be made available on our website.
The Notice of Meeting is important and should be read in their entirety. If you are in doubt as to the course of action you should follow, you should consult your stock broker, investment advisor, accountant, solicitor or other professional adviser.
You may also, prior to the Meeting, obtain a paper copy of the Notice of Meeting (free of charge) by contacting the Company Secretary on +61 8 9322 6322 or by sending an email to info@sovereignmetals.com.au.
Holders of Depositary Interests should complete and sign a Form of Instruction, which will be sent separately to each Holder of Depositary Interests, and return it by the time and in accordance with the instructions set out in the Form of Instruction. Holders of Depositary Interests will not be eligible to vote in person at the Meeting.
#SVML Sovereign Metals – Notice of Change of Interest of Substantial Holder
Sovereign Metals Limited (ASX: SVM, AIM: SVML) (Sovereign or the Company) advises that it was today notified via the filing of a Form 604 with the Australian Securities Exchange (ASX) that Sprott Inc. and each of its controlled bodies (Sprott) provided a notice of change of interests of substantial holder (as defined by the Corporations Act 2001) of the Company as of 20 July 2023, having increased its shareholding in the Company from 54,839,880 ordinary shares, representing 11.84% of the Company’s issued share capital as at the date of its previous notice, to 56,464,052 ordinary shares, representing 10.19% of the Company’s issued share capital, via on market purchases and disposals, and changes in account status or transfers.
The Form 604 can be viewed in full via the below link:
http://www.rns-pdf.londonstockexchange.com/rns/5700H_1-2023-7-28.pdf
ENQUIRIES
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Dylan Browne +61(8) 9322 6322 |
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Nominated Adviser on AIM and Joint Broker |
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SP Angel Corporate Finance LLP |
+44 20 3470 0470 |
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Ewan Leggat Charlie Bouverat Harry Davies-Ball |
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|
|
|
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Joint Brokers |
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Berenberg |
+44 20 3207 7800 |
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Matthew Armitt |
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Jennifer Lee |
|
|
|
|
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Optiva Securities |
+44 20 3137 1902 |
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Daniel Ingram |
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Mariela Jaho |
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Christian Dennis |
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Tavistock PR |
+44 20 7920 3150 |
Kavango Resources Plc #KAV – Holding(s) in Company
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB00BF0VMV24
Issuer Name
KAVANGO RESOURCES PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
Purebond Limited
City of registered office (if applicable)
Wembley
Country of registered office (if applicable)
England
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
28-Jun-2023
6. Date on which Issuer notified
28-Jun-2023
7. Total positions of person(s) subject to the notification obligation
|
. |
% of voting rights attached to shares (total of 8.A) |
% of voting rights through financial instruments (total of 8.B 1 + 8.B 2) |
Total of both in % (8.A + 8.B) |
Total number of voting rights held in issuer |
|
Resulting situation on the date on which threshold was crossed or reached |
26.609291 |
0.000000 |
26.609291 |
225000000 |
|
Position of previous notification (if applicable) |
12.047009 |
0.000000 |
12.047009 |
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
|
Class/Type of shares ISIN code(if possible) |
Number of direct voting rights (DTR5.1) |
Number of indirect voting rights (DTR5.2.1) |
% of direct voting rights (DTR5.1) |
% of indirect voting rights (DTR5.2.1) |
|
GB00BF0VMV24 |
225000000 |
0 |
26.609291 |
0.000000 |
|
Sub Total 8.A |
225000000 |
26.609291% |
||
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
|
Type of financial instrument |
Expiration date |
Exercise/conversion period |
Number of voting rights that may be acquired if the instrument is exercised/converted |
% of voting rights |
|
|
||||
|
Sub Total 8.B1 |
||||
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
|
Type of financial instrument |
Expiration date |
Exercise/conversion period |
Physical or cash settlement |
Number of voting rights |
% of voting rights |
|
|
|||||
|
Sub Total 8.B2 |
|||||
9. Information in relation to the person subject to the notification obligation
2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)
|
Ultimate controlling person |
Name of controlled undertaking |
% of voting rights if it equals or is higher than the notifiable threshold |
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold |
Total of both if it equals or is higher than the notifiable threshold |
|
Solai Holdings Limited |
Purebond Limited |
26.609291 |
26.609291% |
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
(1) Purebond Limited is a 100% Subsidiary of Solai Holdings Limited.
(2) 3 Named Directors of Solai Holdings Limited off which 2 are also Directors of Purebond Limited are also Trustees of Solai Pension Scheme which has 0.118264% (1,000,000 Shares) Voting Rights in Kavango Plc.
12. Date of Completion
29-Jun-2023
13. Place Of Completion
London
#KAV Kavango Resources PLC – Conditional £6million two-stage equity investment
Kavango Resources plc (LSE:KAV), the Southern Africa focussed metals exploration company, is pleased to announce further details in respect of the Company’s RNS of 5 May 2023 in which it announced a potential £6,000,000 conditional equity investment into Kavango (“£6.0 million Equity Investment”). The £6.0 million Equity Investment is to be completed via a conditional direct subscription into the Company in two-stages by a single investor, Purebond Limited (“Purebond”) (the “Subscription”).
The Subscription will be carried out by the conditional issue of 140,000,000 new ordinary shares of £0.001 each (the “Stage 1 Subscription Shares”) in the capital of the Company at a price per share of 1 penny (the “Subscription Price”) (the “Stage 1 Subscription”), and the conditional issue of 460,000,000 new ordinary shares of £0.001 each (the “Stage 2 Subscription Shares”) at the Subscription Price per share (the “Stage 2 Subscription”). Stage 2 will be subject to the approval by the Financial Conduct Authority of a prospectus and the approval by independent shareholders of a waiver in accordance with Rule 9 of the Takeover Code (Whitewash) (among other conditions further detailed below).
Purebond currently holds 85,000,000 shares in the Company, which equates to a holding of 12.05%. In addition, Solai Pension Schemes (“Solai”) holds 1,000,000 shares in the Company equating to a current holding of less than 1%. On the issue of the Stage 1 Subscription Shares, Purebond and Solai will hold 226,000,000 ordinary shares representing 26.7% of the Company’s issued share capital. Successful completion of the Subscription will result in Purebond and Solai holding 686,000,000, approximately 52.5% of the Company’s issued share capital.
Ben Turney, Chief Executive Officer of Kavango, commented:
“We would like to thank Purebond for the strong faith they are showing in Kavango. Today’s £6million two stage conditional equity financing is a seminal moment for our Company. We’ve worked extremely hard over the last 18 months, in challenging conditions, to position the business to succeed. We’ve made significant progress on all fronts and greatly sharpened our exploration focus.
This year, we’ve redirected our attention in the Kalahari Copper Belt to our highly prospective Karakubis licence block, identified the lode gold potential at Ditau and made final preparations to drill the 28,700 Siemens B1 Conductor. We are also in the closing stages of at least one acquisition. With the substantial backing of Purebond, we now move forward with confidence that we have the resources available to pursue our exploration strategy.“
Subscription Terms
The Subscription will be completed over two stages:
Stage 1 – Purebond has conditionally subscribed for 140,000,000 Stage 1 Subscription Shares in the Company on the terms described above, which includes the Stage 1 Conditions being satisfied, as set out below. Further announcements will be made in due course on the Stage 1 Subscription.
Stage 2 – Purebond has conditionally subscribed for 460,000,000 Stage 2 Subscription Shares in the Company on the terms described above, which includes the Stage 2 Conditions being satisfied. Further announcements will be made in due course on the Stage 2 Subscription.
Completion of the Stage 1 Subscription is subject to (i) the Company having the necessary authorities to issue the Stage 1 Subscription Shares, including disapplication of pre-emption rights and (ii) admission of the Stage 1 Subscription Shares to the Standard List segment of the Official List and to trading on the main market of the London Stock Exchange plc (the “Stage 1 Conditions”). The Company intends to put resolutions to shareholders for the relevant share authorities in respect of the Stage 1 Subscription Shares at its 2023 annual general meeting, details of which will be announced soon.
Completion of the Stage 2 Subscription is subject to (i) approval by the Financial Conduct Authority of a prospectus; (ii) approval by independent shareholders of a waiver in accordance with Rule 9 of the Takeover Code; (iii) the Company having the necessary authorities to issue the Stage 2 Subscription Shares, including disapplication of pre-emption rights and (iv) admission of the Stage 2 Subscription Shares to the Standard List segment of the Official List and to trading on the main market of the London Stock Exchange plc (the “Stage 2 Conditions”).
As an additional term of the Subscription, while Purebond remains a shareholder of the Company, the Company has agreed to offer Purebond the opportunity to participate in all future fundraisings carried out by the Company on a pro rata basis to its shareholding at the time of any such fundraising. Purebond will also be given the opportunity to maintain its percentage interest in the Company following the exercise of any warrants issued by the Company.
Use of funds
Funds from the Subscription will contribute to the Company’s general working capital, fund further exploration work and provide finance for possible acquisitions.
Further information in respect of the Company and its business interests is provided on the Company’s website at www.kavangoresources.com and on Twitter at #KAV.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) (“UK MAR”). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
Further information in respect of the Company and its business interests is provided on the Company’s website at www.kavangoresources.com and on Twitter at #KAV.
For further information please contact:
Kavango Resources plc
Ben Turney
bturney@kavangoresources.com
+46 7697 406 06
First Equity (Broker)
+44 207 374 2212
Jason Robertson
#SVML Sovereign Metals LTD – Result of Meeting
A General Meeting (Meeting) of Sovereign Metals Limited (Company) (ASX:SVM, AIM:SVML) was held today, 17 March 2023, at 10.00am (AWST).
The resolution voted on was in accordance with the Notice of General Meeting previously advised to shareholders and depository interest holders. The resolution was decided on and carried by way of poll.
In accordance with Section 251AA of the Corporations Act 2001 and ASX Listing Rule 3.13.2, the details of the poll and proxies received in respect of the resolution is set out over page.
The indicative timetable regarding the Demerger is provided below.
|
Event |
Indicative Date |
|
Effective date of Distribution |
20 March 2023 |
|
Repositioning of securities between the Australian share register and UK Depositary Interest register is suspended at the close of business |
21 March 2023 |
|
Record Date |
23 March 2023 |
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Repositioning of securities between the Australian share register and UK Depositary Interest register recommences |
24 March 2023 |
|
Date for Distribution to Shareholders (Distribution Date) |
24 March 2023 |
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Despatch of holding statements for NGX Shares transferred under the Distribution |
27 March 2023 |
Note: The dates shown in the table above are indicative only and may vary subject to the Corporations Act, the Listing Rules, the AIM Rules and other applicable laws.
ENQUIRIES
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Dylan Browne Company Secretary info@sovereignmetals.com |
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Nominated Adviser on AIM |
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RFC Ambrian |
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Bhavesh Patel / Andrew Thomson |
+44 20 3440 6800 |
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Joint Brokers |
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Berenberg |
+44 20 3207 7800 |
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Matthew Armitt |
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Jennifer Lee |
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|
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Optiva Securities |
+44 20 3137 1902 |
|
Daniel Ingram |
|
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Mariela Jaho |
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Christian Dennis |
|
|
Resolution |
Number of Proxy Votes |
Number and Percentage of Votes cast on the Poll |
Voting Method and Result |
|||||
|
For |
Against |
Abstain |
Proxy’s Discretion |
For |
Against |
Abstain |
||
|
1. Approval of Demerger |
51,981,046 |
3,689 |
8,838 |
2,832,220 |
56,747,266 |
3,689 |
8,838 |
Carried on vote by poll |