Base Resources Limited Results of the 2020 Annual General Meeting
November 20 2020 - 3:37AM
UK Regulatory
TIDMBSE
AIM and Media Release
20 November 2020
BASE RESOURCES LIMITED
Results of the 2020 Annual General Meeting
African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) (Base
Resources) advises that all resolutions set out in the Notice of Annual General
Meeting released to ASX on 19 October 2020 and put to Base Resources
shareholders at today's meeting were carried.
All resolutions were decided by poll. The table below details the number of
votes cast on the poll for each resolution, as well as the percentage of votes
cast 'For' and 'Against'.
Item Resolution Vote Number Percentage (%)
1 Adoption of Remuneration Report For 874,502,786 99.93
Against 623,517 0.07
Abstain 1,278,995 N/A
2 Re-election of Mr Michael Stirzaker as a For 899,853,730 99.92
Director
Against 676,700 0.08
Abstain 393,512 N/A
3 Election of Ms Janine Herzig as a Director For 900,381,271 99.98
Against 137,555 0.02
Abstain 405,116 N/A
4 Approval of the grant of Performance Rights For 885,430,833 99.89
to Mr Tim Carstens
Against 981,952 0.11
Abstain 7,674,333 N/A
5 Approval of the grant of Performance Rights For 885,430,833 99.89
to Mr Colin Bwye
Against 981,952 0.11
Abstain 7,674,333 N/A
6 Renewal of Proportional Takeover Provisions For 900,225,852 99.98
Against 209,794 0.02
Abstain 488,296 N/A
As previously announced, independent non-executive Director, Mr Sam Willis,
retired from the Board following today's Annual General Meeting. Mr Willis
currently holds 350,000 fully paid ordinary shares in Base Resources.
The further information required by section 251AA(2) of the Corporations Act
2001 (Cth) is set out in the table below.
Resolution details Instructions given to validly appointed Number of votes cast on the Resolution
proxies poll Result
(as at proxy close) (where applicable)
Resolution Resolution For Against Proxy's Abstain For Against Abstain* Carried /
Type Discretion Not
Carried
(1) Adoption Ordinary 863,848,542 623,517 73,634 1,278,995 874,502,786 623,517 1,278,995 Carried
of the
Remuneration
Report 99.93% 0.07% 0.00% 99.93% 0.07%
(2) Ordinary 881,308,038 676,700 73,634 393,512 899,853,730 676,700 393,512 Carried
Re-election of
Mr Michael
Stirzaker as a 99.92% 0.08% 0.00% 99.92% 0.08%
Director
(3) Election Ordinary 881,835,579 137,555 73,634 405,116 900,381,271 137,555 405,116 Carried
of Ms Janine
Herzig as a
Director 99.98% 0.02% 0.00% 99.98% 0.02%
(4) Approval Ordinary 873,721,965 981,952 73,634 7,674,333 885,430,833 981,952 7,674,333 Carried
of the grant
of Performance
Rights to Mr 99.89% 0.11% 0.00% 99.89% 0.11%
Tim Carstens
(5) Approval Ordinary 873,721,965 981,952 73,634 7,674,333 885,430,833 981,952 7,674,333 Carried
of the grant
of Performance
Rights to Mr 99.89% 0.11% 0.00% 99.89% 0.11%
Colin Bwye
(6) Renewal of Special 881,680,160 209,794 73,634 488,296 900,225,852 209,794 488,296 Carried
Proportional
Takeover
Provisions 99.98% 0.02% 0.00% 99.98% 0.02%
* Votes cast by a person who abstains on an item are not counted in calculating
the required majority on a poll.
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
BROKER
Berenberg
Matthew Armitt / Detlir Elezi
Phone: +44 20 3207 7800
END
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