AIM and Media Release
4 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, on 2 March
2020, it and its related bodies corporate (Bank of
America) had reduced their voting power in Base Resources by
37,991,120 ordinary shares.
Base Resources understands that, as at 2
March 2020, Bank of America had a relevant interest in
52,797,982 ordinary shares, representing 4.51% of the total Base
Resources ordinary shares on issue and constituting a significant
shareholding for the purposes of the AIM Rules for Companies on
that date.
The decrease in Bank of America’s relevant interest was the
result of the disposal of ordinary shares and the return of
ordinary shares pursuant to prime brokerage agreements since
29 February 2020.
Bank of America disposed of 30,000,000 shares for an average
price of A$0.195 per share on
2 March 2020 (excluding any shares
returned pursuant to a prime brokerage agreement). It did not
acquire any ordinary shares between 29
February 2020 and 2 March
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 Relations |
UK Media 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