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LONDON - Sovereign Metals Limited (ASX:SVM) announced that company director Mark Pearce sold 359,691 ordinary shares between July 1-3, 2025, according to a regulatory filing released Friday.
The on-market trades totaled approximately A$240,218 in value, reducing Pearce’s ordinary shareholding from 4,520,842 to 4,161,151 shares.
Despite the share sale, Pearce retains his holdings of unlisted performance rights, which remain unchanged. These include 300,000 rights subject to a "Definitive Feasibility Study Milestone (WA:MMD)" expiring October 31, 2025; 250,000 rights tied to a "Grant of Mining Licence Milestone" expiring March 31, 2026; and 400,000 rights linked to a "Final Investment Decision Milestone" expiring June 30, 2026.
The company confirmed in the filing that the transactions did not occur during a closed period where prior written clearance would have been required.
Pearce holds his interests through several entities, including the NMLP Family account, Apollo Group Pty Ltd, Crystal Brook Investments Pty Ltd, and Roseberry Holdings Pty Ltd.
The information was disclosed in a Change of Director’s Interest Notice submitted to the London Stock Exchange (LON:LSEG) news service.
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