Change of Director’s Interest Notice
Sovereign Metals Limited announced a change in director's interest on May 12, 2026, where Julian Stephens, through the One Way Trust, disposed of 1,000,000 ordinary fully paid shares for A$675,000 to settle personal tax and other obligations. Following this transaction, his indirect holding of ordinary shares is now 13,157,518, while his holding of unlisted performance rights remains at 600,000. The transaction occurred via a special crossing trade on the Australian Securities Exchange and was not conducted during a closed period.
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| Name of Director | Julian Stephens |
| Date of last notice | 17 February 2026 |
Part 1 - Change of director's relevant interests in securities
| Direct or indirect interest | Indirect |
| Date of change | 11 May 2026 |
| No. of securities held prior to change | (a) 14,157,518 (b) 600,000 |
| Class | (a) Ordinary Fully Paid Shares (b) Unlisted Performance Rights subject to the "Construction and Finance Milestone", expiring 30 June 2028 |
| Number acquired | Nil |
| Number disposed | (a) (1,000,000) |
| Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation | A$675,000 |
| No. of securities held after change | (a) 13,157,518 (b) 600,000 |
| 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 to settle outstanding personal tax and other obligations |
| Part 2 - Change of director's interests in contracts | |
| Detail of contract | Not applicable |
| Nature of interest | Not applicable |
| Name of registered holder (if issued securities) | Not applicable |
| Date of change | Not applicable |
| Interest acquired | Not applicable |
| Interest disposed | Not applicable |
| Interest after change | Not applicable |
| Part 3 - +Closed period | |
| If prior written clearance was provided, on what date was this provided? | Not applicable |
| Initial notification/Amendment | Initial |
| LEI | 213800NSPXSASTENFQ34 |
| Place of transaction | Special crossing on market on the Australian Securities Exchange(ASX) |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.