- Sovereign Metals (SVM) lodges its pre-admission announcements to dual list on the AIM market of the London Stock Exchange (LSE) under the ticker code SVML
- Launched in June 1995, the AIM market is a sub-market of the LSE and is the LSE’s market for small and medium growth companies
- Under the listing, Sovereign’s London-based Director Ben Stoikovich will become Non-Executive Chairman while Chairman Ian Middlemas will become Non-Executive Director
- Sovereign is expected to be admitted to the AIM on or around December 14, 2021
- Shares in Sovereign are up 2.33 per cent on the market and are trading at 66 cents
Sovereign Metals (SVM) has lodged its pre-admission announcements to dual list on the AIM market of the London Stock Exchange (LSE) under the ticker code SVML.
Launched in June 1995, the AIM market is a sub-market of the London Stock Exchange and replaced the previous Unlisted Securities Market.
It is the LSE’s market for small and medium growth companies and it provides companies access to a diverse set of investors.
As part of the dual listing, Sovereign’s current London-based Director Ben Stoikovich will become Non-Executive Chairman while current Chairman Ian Middlemas will become Non-Executive Director.
RFC Ambrian assisted with the dual listing process and is Sovereign’s nominated adviser while Optiva Securities has been appointed the company’s broker.
Managing Director Dr Julian Stephens is excited to be listing on the AIM Market.
“We are pleased to be listing on the AIM Market which will provide exposure of our globally significant rutile discovery to new capital markets,” Dr Stephens said.
“The company is looking forward to presenting the initial Kasiya scoping study before the end of the year to both current and new investors.”
Sovereign is expected to be admitted to the AIM on or around December 14, 2021.
Shares in Sovereign were up 2.33 per cent on the market and were trading at 66 cents at 1:45 pm AEDT.