AIM and Media Release
17 March 2020
BASE RESOURCES LIMITED
Notice of change of Significant Shareholder
Base Resources Limited (ASX & AIM: BSE) (Base
Resources or the Company) advises that it has today
received notification from Bank of America Corporation that, as at
13 March 2020, it and its related
bodies corporate (Bank of America) had voting power in
69,271,510 ordinary shares in Base Resources, representing 5.91% 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.
Bank of America’s interest in 69,271,510 ordinary shares was
held as follows:
| Holder of interest |
Nature of interest |
Registered holder of
shares |
Number of ordinary
shares |
| Merrill Lynch (Australia) Futures
Ltd |
Power to control voting and/or
disposal of securities in its capacity as ultimate beneficial owner
having a principal position. |
Merrill Lynch (Australia) Nominees
Pty Ltd |
35,090,070 |
| Merrill Lynch
International (Australia) Ltd |
Borrowing of
securities pursuant to a Prime Brokerage Agreement, with power to
control the voting and/or disposal of borrowed securities. |
Merrill Lynch
(Australia) Nominees Pty Ltd |
34,181,440 |
Bank of America acquired 37,544,938 shares for an average price
of A$0.205 per share between
14 November 2019 and 12 March 2020 (excluding any shares borrowed
pursuant to a prime brokerage agreement). It disposed of
50,000,000 shares for an average price of A$0.205 per share between 19 November 2019 and 2
March 2020 (excluding any shares returned 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 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