Base Resources Limited Forfeiture of performance rights

 
TIDMBSE 
 
AIM and Media Release 
 
13 January 2022 
 
BASE RESOURCES LIMITED 
Forfeiture of performance rights 
 
African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) (Base 
Resources) advises that 420,864 performance rights granted under the Base 
Resources Long Term Incentive Plan (LTIP) held by one or more former employees 
have been forfeited.  The forfeiture occurred in accordance with the LTIP 
following the cessation of employment other than for a "Qualifying Reason" (as 
that term is defined in the LTIP). 
 
Following the forfeiture, Base Resources has the following securities on issue: 
 
  * 1,178,011,850 fully paid ordinary shares; 
  * 76,570,331 performance rights issued under the LTIP, comprising: 
      + 8,149,202 vested performance rights, which remain subject to exercise; 
        and 
      + 68,421,129 unvested performance rights subject to performance testing 
        in accordance with their terms of issue. 
 
ENDS. 
 
For further information contact: 
 
James Fuller, Manager Communications and Investor  UK Media Relations 
Relations 
 
Base Resources                                     Tavistock Communications 
 
Tel: +61 (0)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 (0) 203 207 7800 
 
JOINT BROKER 
Canaccord Genuity 
Raj Khatri / James Asensio / Patrick Dolaghan 
Phone: +44 (0) 207 523 8000 
 
 
 
 
END

(END) Dow Jones Newswires

January 13, 2022 02:43 ET (07:43 GMT)

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