AIM and Media Release
14 February 2020
BASE RESOURCES LIMITED
Notice of change of Significant Shareholder
Base Resources Limited (ASX & AIM: BSE) (Base
Resources) advises that it has today received notification from
Bank of America Corporation that it and its related bodies
corporate (Bank of America) have decreased their voting
power in Base Resources to 77,775,515 ordinary shares, representing
6.64% of the total Base Resources ordinary shares on issue and
constituting a significant shareholding for the purposes of the AIM
Rules for Companies.
Bank of America’s interest in 77,775,515 ordinary shares is 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 |
35,613,042 |
| 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 |
42,162,473 |
The decrease in Bank of America’s holding for the purposes of
the AIM Rules for Companies was the net result of the return of
ordinary shares pursuant to prime brokerage agreements and the
acquisition of ordinary shares, since 31 January
2020.
Bank of America acquired 19,054 shares for an average price of
A$0.247 per share between
31 January 2020 and 12 February
2020. Other than by the return of securities pursuant to
prime brokerage agreements, Bank of America did not otherwise
dispose of any securities from 31 January
2020 to 12 February 2020.
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