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On 24 March 2025, Sovereign Metals Limited requested an immediate voluntary trading halt for its shares on the Australian Securities Exchange (ASX), pending an announcement regarding a proposed capital raising. The Company requested the halt remain until the earlier of an announcement or the opening of trade on ASX on 26 March 2025, while trading on AIM will continue as normal.
| Date | 24 Mar 2025 |
| Time | 07:00:10 |
| Category | Miscellaneous |
| ID | 8354B |
NEWS RELEASE I 24 MARCH 2025
ASX TRADING HALT
Sovereign Metals Limited (ASX:SVM; AIM:SVML; OTCQX: SVMLF) (Sovereign or the Company) advises that today the Company requested an immediate voluntary trading halt in its shares on the Australian Securities Exchange (ASX), pending an announcement regarding a proposed capital raising.
The Company has requested that the trading halt remain until the earlier of an announcement to the market regarding the above or the opening of trade on ASX on Wednesday, 26 March 2025.
Trading in the Company's ordinary securities will continue to trade as normal on AIM, a market operated by the London Stock Exchange, during this period.
The full version of the ASX announcement can be found here:
https://api.investi.com.au/api/announcements/svm/465cfa6b-404.pdf
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Enquiries |
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Frank Eagar, Managing Director & CEO South Africa / Malawi +27 21 140 3190
Sapan Ghai, CCO London +44 207 478 3900 |
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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 |
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Joint Brokers |
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Stifel |
+44 20 7710 7600 |
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Varun Talwar |
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Ashton Clanfield |
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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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Buchanan |
+ 44 20 7466 5000 |
Forward Looking Statement
This release may include forward-looking statements, which may be identified by words such as "expects", "anticipates", "believes", "projects", "plans", and similar expressions. These forward-looking statements are based on Sovereign's expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Sovereign, which could cause actual results to differ materially from such statements. There can be no assurance that forward-looking statements will prove to be correct. Sovereign makes no undertaking to subsequently update or revise the forward-looking statements made in this release, to reflect the circumstances or events after the date of that release.
The information contained within this announcement is deemed by Sovereign to constitute inside information as stipulated under the Regulation 2014/596/EU which is part of domestic law pursuant to the Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310) ("UK MAR"). By the publication of this announcement via a Regulatory Information Service, this inside information (as defined in UK MAR) is now considered to be in the public domain.