Last checked at 11 Feb 2020 07:00
BASE RESOURCES LIMITED - Notice of change of Significant ShareholderBASE RESOURCES LIMITED - Notice of change of Significant Shareholder
PR Newswire
London, February 11
AIM and Media Release
11 February 2020
BASE RESOURCES LIMITEDNotice of change of Significant Shareholder
Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has today received notification from UBS Group AG that, on 6 February 2020, it and its related bodies corporate (UBS) reduced their voting power in Base Resources by 17,393,401 ordinary shares.
Accordingly, Base Resources understands that, as at 6 February 2020, UBS had a relevant interest in 48,002,818 ordinary shares, representing 4.10% of the total Base Resources ordinary shares on issue and constituting a significant shareholding for the purposes of the AIM Rules for Companies on that date.
The decrease in UBS’s relevant interest was the net result of the acquisition and disposal of ordinary shares, and the result of the return of ordinary shares pursuant to a prime brokerage agreement, in each case, since 11 October 2019.
UBS disposed of 13,946,084 shares for an average price of A$0.249 per share between 21 October 2019 and 6 February 2020 (excluding any securities returned pursuant to a prime brokerage agreement). It also acquired 10,494,199 shares for an average price of A$0.221 per share between 11 October 2019 and 5 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 OFFICELevel 1, 50 Kings Park RoadWest Perth, Western Australia, 6005Email: info@baseresources.com.auPhone: +61 (0)8 9413 7400Fax: +61 (0)8 9322 8912
NOMINATED ADVISORRFC Ambrian LimitedStephen AllenPhone: +61 (0)8 9480 2500
JOINT BROKERBerenbergMatthew Armitt / Detlir EleziPhone: +44 20 3207 7800
JOINT BROKERNumis Securities LimitedJohn Prior / James Black / Paul GillamPhone: +44 20 7260 1000