AIM and Media Release
6 July 2022
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 and its related bodies corporate (Bank of
America) that, on 4 July 2022,
Bank of America had reduced its voting power in Base Resources by
7,649,915 ordinary shares.
Base Resources understands that, as at 4
July 2022, Bank of America had a relevant interest in
55,769,353 ordinary shares, representing 4.73% 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 net
result of the disposal and acquisition of ordinary shares, and
return and borrowing of ordinary shares pursuant to prime brokerage
agreements, in each case, on and from 18 May
2022.
Bank of America disposed of a total of 6,566,928 shares for an
average price of A$0.2674 per share
between 1 June 2022 and 4 July 2022 (excluding any shares returned
pursuant to a prime brokerage agreement). It acquired 771,820
shares for an average price of A$0.2906 per share between 18 May 2022 and 30 June
2022 (excluding any shares borrowed pursuant to a prime
brokerage agreement).
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 Gareth Tredway |
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 3, 46 Colin Street
West Perth, Western Australia, 6005
Email: info@baseresources.com.au
Phone: +61 8 9413 7400
Fax: +61 8 9322 8912
NOMINATED ADVISOR
RFC Ambrian Limited
Stephen Allen
Phone: +61 8 9480 2500
JOINT BROKER
Berenberg
Matthew Armitt / Detlir Elezi
Phone: +44 20 3207 7800
JOINT BROKER
Canaccord Genuity
Raj Khatri / James Asensio /
Patrick Dolaghan
Phone: +44 20 7523 8000