- Sovereign Metals (SVM) officially lists on the AIM market of the London Stock Exchange (LSE) under the ticker code SVML
- The AIM is a sub-market of the London Stock Exchange and is the LSE’s market for small and medium growth companies
- RFC Ambrian assisted with the listing process and will be Sovereign’s nominated adviser with Optiva Securities appointed as broker
- Sovereign is now waiting to publish the scoping study for the Kasiya Rutile Project in Malawai which is expected to be released in the coming days
- Shares in Sovereign are down 5.08 per cent on the market and are trading at 56 cents
Sovereign Metals (SVM) has listed on the AIM market of the London Stock Exchange (LSE) under the ticker code SVML.
This listing allows Sovereign to raise its profile in the northern hemisphere and facilitate the participation of UK and other European investors.
On November 17, Sovereign announced it had lodged its pre-admission announcements to dual list on the AIM market of the LSE.
The AIM market launched in 1995 and is a sub-market of the LSE, replacing the previous Unlisted Securities Market.
It is the LSE’s market for small and medium growth companies and provides companies access to a diverse set of investors.
RFC Ambrian assisted with the AIM listing process and will be Sovereign’s nominated adviser with Optiva Securities appointed as broker.
Sovereign is now waiting to publish the scoping study for the Kasiya Rutile Project in Malawai which is expected to be released in the coming days.
Managing Director Dr Julian Stephens is pleased to begin its AIM listing.
“I am extremely pleased to complete our listing on AIM which represents a major step forward in the company’s growth, especially as we look to publish our scoping study for Kasiya,” Dr Stephens commented.
“The listing is further expected to raise our profile in the UK and European markets for the next stage of our development. Sovereign is looking forward to proactively engaging with the London market.”
Shares in Sovereign were down 5.08 per cent on the market and were trading at 56 cents at 12:52 pm AEDT.