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Sovereign Metals Limited announced a change in Director Mark Pearce's interest in securities. Between 1 and 3 July 2025, Mr. Pearce disposed of 359,691 Ordinary Fully Paid Shares via an on-market trade for A$240,218. Following this transaction, his direct and indirect holding of Ordinary Fully Paid Shares decreased from 4,520,842 to 4,161,151.
| Date | 4 Jul 2025 |
| Time | 07:00:08 |
| Category | Director/PDMR dealings |
| ID | 7741P |
NEWS RELEASE I 4 JULY 2025
Name of Director |
Mark Pearce |
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Date of last notice |
24 November 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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· 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) · Roseberry Holdings Pty Ltd |
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Date of change |
1 - 3 July 2025 |
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No. of securities held prior to change |
(a) 4,520,842 (b) 300,000 (c) 250,000 (d) 400,000 |
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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 |
Nil
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Number disposed |
(a) (359,691)
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Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
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A$240,218
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No. of securities held after change |
(a) 4,161,151 (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 |
On market 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.
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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
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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) |
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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 Broker |
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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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Buchanan |
+ 44 20 7466 5000 |