TIDMBSE 
 
AIM and Media Release 
 
4 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 that, 
as at 2 June 2020, it and its related bodies corporate (Bank of America) had 
decreased their voting power in Base Resources to 73,909,534 ordinary shares, 
representing 6.31% 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 73,909,534 ordinary shares was held as follows: 
 
Holder of interest   Nature of interest   Registered holder of Number of ordinary 
                                          shares               shares 
 
Merrill Lynch        Power to control     Merrill Lynch             37,171,824 
(Australia) Futures  voting and/or        (Australia) Nominees 
Ltd                  disposal of          Pty Ltd 
                     securities in its 
                     capacity as ultimate 
                     beneficial owner 
                     having a principal 
                     position. 
 
Merrill Lynch        Borrowing of         Merrill Lynch             36,737,710 
International        securities pursuant  (Australia) Nominees 
(Australia) Ltd      to a Prime Brokerage Pty Ltd 
                     Agreement, with 
                     power to control the 
                     voting and/or 
                     disposal of borrowed 
                     securities. 
 
The decrease in Bank of America's holding for the purposes of the AIM Rules for 
Companies since its last notification to the Company was the net result of the 
return and borrowing of ordinary shares pursuant to prime brokerage agreements 
and the disposal and acquisition of ordinary shares, in each case, since 7 May 
2020. 
 
Bank of America disposed of 18,000,000 shares for an average price of A$0.159 
per share between 20 May 2020 and 2 June 2020 (excluding any shares returned 
pursuant to a prime brokerage agreement).  It acquired 44,898 shares for an 
average price of A$0.144 between 7 May 2020 and 29 May 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  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

(END) Dow Jones Newswires

June 04, 2020 04:20 ET (08:20 GMT)

Base Resources (LSE:BSE)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Base Resources Charts.
Base Resources (LSE:BSE)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Base Resources Charts.