Base Resources Limited Issue of LTIP performance rights
12 December 2016 - 6:00PM
UK Regulatory
TIDMBSE
AIM and Media Release
12 December 2016
BASE RESOURCES LIMITED
Issue of LTIP performance rights
Base Resources Limited (ASX & AIM: BSE) ("Base Resources") advises that on
9 December 2016 the company issued 11,410,433 performance rights to senior
management pursuant to the terms of the Base Resources Long Term Incentive Plan
("LTIP"). Base Resources also confirms that 7,264,112 performance rights have
lapsed in accordance with the LTIP as at the end of the three-year performance
period ended 30 September 2016.
The performance rights are held by (among other senior management) Base
Resources' executive Directors Tim Carstens and Colin Bwye who were each issued
1,725,567 performance rights. The shareholdings of Mr Carstens and Mr Bwye
remain unchanged. Following the above transactions, Mr Carstens and Mr Bwye
hold the following securities in Base Resources:
* Mr Carstens holds 1,228,522 fully paid ordinary shares and 10,489,767
performance rights (vesting of which is subject to satisfaction of
applicable performance criteria and the terms of the LTIP). These
securities are held by Mr Carstens directly and indirectly through Varadero
Pty Ltd as trustee for the Sumo Superannuation Fund of which Mr Carstens is
the sole beneficiary.
* Mr Bwye holds 1,838,739 fully paid ordinary shares and 10,489,767
performance rights (vesting of which is subject to satisfaction of
applicable performance criteria and the terms of the LTIP). These
securities are held by Mr Bwye directly and indirectly through Mrs Annette
Bwye who is the spouse of Mr Bwye and by Mr Colin Bwye and Mrs Annette Bwye
as trustees for the Bwye Superannuation Fund.
As at today's date, Base Resources has the following shares, options and
performance rights on issue:
* 742,231,956 fully paid ordinary shares.
* 61,425,061 options (exercise price of A$0.40, expiring 31 December 2018).
* 67,085,620 performance rights issued pursuant to the terms of the LTIP.
For further information with respect to performance rights issued in accordance
with the LTIP refer to the company's 2016 annual report and the notice of 2016
annual general meeting and explanatory memorandum that is available from the
company's website: www.baseresources.com.au.
ENDS.
CORPORATE PROFILE
Directors
Keith Spence (Non-Executive Chairman)
Tim Carstens (Managing Director)
Colin Bwye (Executive Director)
Sam Willis (Non-Executive Director)
Michael Anderson (Non-Executive Director)
Michael Stirzaker (Non-Executive Director)
Malcolm Macpherson (Non-Executive Director)
Company Secretary
Chadwick Poletti
NOMINATED ADVISOR & BROKER
RFC Ambrian Limited
As Nominated Adviser:
Andrew Thomson / Stephen Allen
Phone: +61 (0)8 9480 2500
As Broker:
Jonathan Williams
Phone: +44 20 3440 6800
SHARE REGISTRY: ASX
Computershare Investor Services Pty Limited
Level 11, 172 St Georges Terrace
PERTH WA 6000
Enquiries: 1300 850 505 / +61 (3) 9415 4000
www.computershare.com.au
SHARE REGISTRY: AIM
Computershare Investor Services PLC
The Pavilions
Bridgwater Road
BRISTOL BS99 6ZZ
Enquiries: +44 (0) 870 702 0003
www.computershare.co.uk
AUSTRALIAN MEDIA RELATIONS
Cannings Purple
Annette Ellis / Andrew Rowell
Email: aellis@canningspurple.com.au /
arowell@canningspurple.com.au
Phone: +61 (0)8 6314 6300
UK MEDIA RELATIONS
Tavistock Communications
Jos Simson / Emily Fenton
Phone: +44 (0) 207 920 3150
KENYA MEDIA RELATIONS
Africapractice (East Africa)
Evelyn Njoroge / James Njuguna/Joan Kimani
Phone: +254 (0)20 239 6899
Email: jkimani@africapractice.com
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
END
(END) Dow Jones Newswires
December 12, 2016 02:00 ET (07:00 GMT)