Base Resources Limited Notice of change of Significant Shareholder

 
TIDMBSE 
 
AIM and Media Release 
 
11 May 2020 
 
BASE RESOURCES LIMITED 
Notice of change of Significant Shareholder 
 
Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has 
received notification from UBS Group AG and its related bodies corporate (UBS) 
that, on 5 May 2020, UBS reduced their voting power in Base Resources by 
25,536,738 ordinary shares. 
 
Base Resources understands that, as at 5 May 2020, UBS had a relevant interest 
in 44,591,300 ordinary shares, representing 3.81% 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 UBS's relevant interest was the net result of the disposal and 
acquisition of ordinary shares, and the return and borrowing of ordinary shares 
pursuant to prime brokerage agreements, in each case, since 3 March 2020. 
 
UBS disposed of 60,047,582 shares for an average price of A$0.139 per share 
between 3 March 2020 and 1 May 2020 (excluding any shares returned pursuant to 
a prime brokerage agreement).  It acquired 34,510,844 shares for an average 
price of A$0.148 per share between 3 March 2020 and 23 March 2020 (excluding 
any shares borrowed pursuant to a prime brokerage agreement). 
 
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

(END) Dow Jones Newswires

May 11, 2020 02:00 ET (06:00 GMT)

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