AIM and Media Release
26 November 2021
BASE RESOURCES
LIMITED
Results of 2021 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 27 October 2021
and put to Base Resources shareholders at today’s meeting were
carried.
All resolutions were decided by poll. Further details,
including the number of votes cast on the poll for each resolution
and the percentage of votes cast ‘For’ and ‘Against’, are at the
end of this announcement.
As previously announced, Independent Non-Executive Chair, Mr
Keith Spence, retired from the Board
following the Annual General Meeting, with Independent
Non-Executive Director, Mr Michael
Stirzaker, taking over as Chair. Mr Spence currently
holds 666,667 fully paid ordinary shares in Base Resources.
Following his election by members at the meeting, Mr
Scot Richard Sobey (46 years old)
joins the Board as a Non-Executive Director and the representative
of major shareholder, Pacific Road.
Following these changes and Ms Diane
Radley’s re-election at today’s meeting, the Board of Base
Resources comprises:
Mr Michael Stirzaker |
Independent Non-Executive Chair |
Mr Tim Carstens |
Managing Director |
Mr Colin Bwye |
Executive Director – Operations and
Development |
Mr Malcolm Macpherson |
Independent Non-Executive
Director |
Ms Diane Radley |
Independent Non-Executive
Director |
Ms Janine Herzig |
Independent Non-Executive
Director |
Mr Scot Sobey |
Non-Executive Director |
For the purposes of complying with the AIM Rules for Companies
in relation to Mr Sobey’s election, Base Resources advises that Mr
Sobey has held the following positions where he was acting in the
capacity of a director or partner in the past five years:
- Current directorships or partnerships - Pelkbuck (Pty)
Ltd.
- Previous directorships or partnerships - Eferton Services (Pty)
Ltd
Mr Sobey holds no relevant interest in the Company's ordinary
share capital. There is no other information in relation to
Mr Sobey that requires disclosure pursuant to the AIM Rules for
Companies.
Resolution details |
|
Instructions given to validly appointed proxies
(as at proxy close) |
|
Number of votes cast on the poll
(where applicable) |
|
Resolution Result |
Resolution |
Resolution Type |
|
For |
Against |
Proxy's
Discretion |
Abstain |
|
For |
Against |
Abstain* |
|
Carried /
Not Carried |
|
1 Adoption of the Remuneration Report |
Ordinary |
|
755,789,290 |
344,907 |
358,197 |
1,545,529 |
|
759,615,231 |
344,907 |
1,545,529 |
|
Carried |
|
|
99.90% |
0.05% |
0.05% |
|
|
99.95% |
0.05% |
|
|
|
2 Re-election of Ms Diane Radley as a Director |
Ordinary |
|
770,067,141 |
2,092,105 |
358,197 |
7,000 |
|
774,734,484 |
2,092,105 |
7,000 |
|
Carried |
|
|
99.68% |
0.27% |
0.05% |
|
|
99.73% |
0.27% |
|
|
|
3 Election of Mr Scot Sobey as a Director |
Ordinary |
|
761,970,235 |
10,186,921 |
358,197 |
9,090 |
|
766,637,578 |
10,186,921 |
9,090 |
|
Carried |
|
|
98.63% |
1.32% |
0.05% |
|
|
98.69% |
1.31% |
|
|
|
4 Approval of the grant of Performance Rights to Mr Tim
Carstens |
Ordinary |
|
757,019,864 |
506,185 |
4,552,163 |
3,246,993 |
|
765,838,897 |
506,185 |
3,246,993 |
|
Carried |
|
|
99.33% |
0.07% |
0.60% |
|
|
99.93% |
0.07% |
|
|
|
5 Approval of revised Base Resources Long Term Incentive
Plan |
Ordinary |
|
744,854,578 |
614,078 |
2,703,523 |
15,092,286 |
|
751,692,512 |
614,078 |
15,092,286 |
|
Carried |
|
|
99.56% |
0.08% |
0.36% |
|
|
99.92% |
0.08% |
|
|
|
6 Approval of proposed amendments to Constitution |
Special |
|
638,687,523 |
133,165,244 |
358,197 |
313,479 |
|
643,340,809 |
133,165,244 |
327,536 |
|
Carried |
|
|
82.71% |
17.24% |
0.05% |
|
|
82.85% |
17.15% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 (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
Canaccord Genuity
Raj Khatri / James Asensio /
Patrick Dolaghan
Phone: +44 20 7523 8000