Base Resources Limited Notice of change of Significant Shareholder
03 March 2020 - 8:40PM
UK Regulatory
TIDMBSE
AIM and Media Release
3 March 2020
BASE RESOURCES LIMITED
Notice of change of Significant Shareholder
Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has
today received notification from Bank of America Corporation that it and its
related bodies corporate (Bank of America) have increased their voting power in
Base Resources to 90,789,102 ordinary shares, representing 7.75% of the total
Base Resources ordinary shares on issue and constituting a significant
shareholding for the purposes of the AIM Rules for Companies.
Bank of America's interest in 90,789,102 ordinary shares is held as follows:
Holder of interest Nature of interest Registered holder of Number of ordinary
shares shares
Merrill Lynch Power to control Merrill Lynch 60,626,629
(Australia) Futures voting and/or (Australia) Nominees
Ltd disposal of Pty Ltd
securities in its
capacity as ultimate
beneficial owner
having a principal
position.
Merrill Lynch Borrowing of Merrill Lynch 30,162,473
International securities pursuant (Australia) Nominees
(Australia) Ltd to a Prime Brokerage Pty Ltd
Agreement, with
power to control the
voting and/or
disposal of borrowed
securities.
The increase in Bank of America's holding for the purposes of the AIM Rules for
Companies was the net result of the borrowing and return of ordinary shares
pursuant to prime brokerage agreements, and the result of the acquisition of
ordinary shares, in each case, on and from 26 February 2020.
Bank of America acquired 20,006,417 shares for an average price of A$0.190 per
share between 26 February 2020 and 28 February 2020 (excluding any securities
borrowed pursuant to a prime brokerage agreement). Other than by the return of
securities pursuant to a prime brokerage agreement, Bank of America did not
otherwise dispose of any securities from 26 February 2020 and 28 February 2020.
A copy of the notice referred to in this release is available from the
Company's website: www.baseresources.com.au.
ENDS.
For further information contact:
James Fuller, Manager Communications and Investor UK Media Relations
Relations
Base Resources Tavistock Communications
Tel: +61 (8) 9413 7426 Jos Simson and Barnaby Hayward
Mobile: +61 (0) 488 093 763 Tel: +44 (0) 207 920 3150
Email: jfuller@baseresources.com.au
About Base Resources
Base Resources is an Australian based, African focused, mineral sands producer
and developer with a track record of project delivery and operational
performance. The company operates the established Kwale Operations in Kenya
and is developing the Toliara Project in Madagascar. Base Resources is an ASX
and AIM listed company. Further details about Base Resources are available at
www.baseresources.com.au
PRINCIPAL & REGISTERED OFFICE
Level 1, 50 Kings Park Road
West Perth, Western Australia, 6005
Email: info@baseresources.com.au
Phone: +61 (0)8 9413 7400
Fax: +61 (0)8 9322 8912
NOMINATED ADVISOR
RFC Ambrian Limited
Stephen Allen
Phone: +61 (0)8 9480 2500
JOINT BROKER
Berenberg
Matthew Armitt / Detlir Elezi
Phone: +44 20 3207 7800
JOINT BROKER
Numis Securities Limited
John Prior / James Black / Paul Gillam
Phone: +44 20 7260 1000
END
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