REG-Base Resources Limited: Forfeiture of LTIP performance rights

Base ResourcesAnnouncement

18/07/2024 09:30

 

 

 

AIM and Media Release 

18 July 2024

 

Base Resources Limited 
Forfeiture of LTIP performance rights
 
Base Resources Limited (ASX & AIM: BSE) (Base Resources or the Company)
advises that 69,729 unvested performance rights granted under the Base
Resources Long Term Incentive Plan for the 2023 cycle have been forfeited by
Mr Stephen Hay.  These rights were forfeited as part of an agreed adjustment
to Mr Hay’s working arrangements.

 

As Mr Hay is classified as a person discharging managerial responsibilities,
set out below is the information required by Article 19(3) of the Market Abuse
(Regulation (EU) 596/2014) as it forms part of the domestic law of the United
Kingdom by virtue of the European Union (Withdrawal) Act 2018.

 

 1   Details of the person discharging managerial responsibilities/person closely associated                                                                                                               
 a)  Name                                                                                               Stephen Hay                                                                                        
 2   Reason for the notification                                                                                                                                                                           
 a)  Position/status                                                                                    General Manager                                                                                    
 b)  Initial notification/Amendment                                                                     Initial notification                                                                               
 3   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor                                                                                         
 a)  Name                                                                                               Base Resources Limited                                                                             
 b)  LEI                                                                                                2617005DDMEAZ8OBD979                                                                               
 4   Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted     
 a)  Description of the financial instrument, type of instrument Identification code                    Unlisted performance rights linked to ordinary shares of no par value AU000000BSE5                 
 b)  Nature of the transaction                                                                          Forfeiture of performance rights following agreed adjustment to working arrangements               
 c)  Price(s) and volume(s)                                                                             Price: nil Volume: 69,729                                                                          
 d)  Aggregated information                                                                             n/a                                                                                                
 e)  Date of the transaction                                                                            18 July 2024                                                                                       
 f)  Place of the transaction                                                                           Outside a trading venue                                                                            
 
ENDS.

 

For further information contact:

 Australian Media Relations        UK Media Relations             
 Sodali & Co                       Tavistock Communications       
 Cameron Gilenko and Michael Weir  Jos Simson and Gareth Tredway  
 Tel: +61 8 6160 4900              Tel: +44 207 920 3150          

 

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 8 9413 7400
Fax: +61 8 9322 8912

 

NOMINATED ADVISER & JOINT BROKER
Canaccord Genuity Limited
James Asensio / Raj Khatri / George Grainger
Phone: +44 20 7523 8000

 

JOINT BROKER
Berenberg
Matthew Armitt / Detlir Elezi
Phone: +44 20 3207 7800

 



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