Base Resources Limited Notice of change of Significant Shareholder
June 09 2020 - 6:10AM
UK Regulatory
TIDMBSE
AIM and Media Release
9 June 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 and
its related bodies corporate (Bank of America) that, on 5 June 2020, Bank of
America had reduced their voting power in Base Resources by 21,000,000 ordinary
shares.
Base Resources understands that, as at 5 June 2020, Bank of America had a
relevant interest in 52,909,534 ordinary shares, representing 4.52% 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 21,000,000 ordinary shares on 5 June 2020 for an average price of
A$0.18 per share.
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
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