REG-Base Resources Limited: Notice of change of Substantial Shareholder

Base ResourcesAnnouncement

11/02/2020 07:05

AIM and Media Release 

11 February 2020

BASE RESOURCES LIMITED
Notice of change of Substantial Shareholder

Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has
today received notification from Regal Funds Management Pty Ltd (Regal Funds
Management) that it has decreased its voting power in Base Resources to
124,549,009 ordinary shares, representing 10.63% of the total Base Resources
ordinary shares on issue and constituting a substantial shareholding for the
purposes of the AIM Rules for Companies.

Regal Funds Management’s interest in 124,549,009 ordinary shares is held as
follows:

 Holder of interest                   Nature of interest  Registered holder of shares          Number of ordinary shares  
 UBS AG, Australia Branch             Holder of shares    UBS Nominees Pty Ltd                         32,283,001         
 Morgan Stanley & Co Intl PLC         Holder of shares    Morgan Stanley & Co Intl PLC                  511,605           
 Merrill Lynch International Limited  Holder of shares    Merrill Lynch International Limited          61,760,043         
 Credit Suisse Securities Europe Ltd  Holder of shares    Credit Suisse Securities Europe Ltd          29,994,360         

The decrease in Regal Funds Management’s holding for the purposes of the AIM
Rules for Companies was the net result of the disposal and acquisition of
ordinary shares, since 1 November 2018.   

Regal Funds Management acquired 46,882,179 shares for an average price of
A$0.243 per share between 12 November 2018 and 13 August 2019.  It disposed
of a total of 75,400,000 shares for an average price of A$0.243 on 28 June
2019 and 7 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



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