REG-Base Resources Limited: Notice of change of interests by Significant Shareholder

Base ResourcesAnnouncement

24/11/2022 08:45

AIM and Media Release 

24 November 2022

BASE RESOURCES LIMITED
Notice of change of interests by Significant Shareholder

Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has
today received notification from Regal Funds Management Pty Limited and its
associates (together, Regal) that, as at 22 November 2022, Regal had decreased
its voting power in Base Resources to 92,253,142 ordinary shares, representing
7.83% of the total Base Resources ordinary shares on issue and constituting a
significant shareholding for the purposes of the AIM Rules for Companies.

Regal’s interest in 92,253,142 ordinary shares is held as follows:

 Nature of Regal’s interest                                         Registered holder of shares                       Person entitled to be registered as holder  Number of ordinary shares 
 Power to control the exercise of a power to dispose of securities  UBS Nominees Pty Ltd                                                UBS AG, Australia branch                 23,677,169 
 Power to control the exercise of a power to dispose of securities  HSBC Custody Nominees (Australia) Limited A/C 2                 Morgan Stanley & Co Intl PLC                  3,922,756 
 Power to control the exercise of a power to dispose of securities  Merrill Lynch (Aus) Nominees Pty Ltd                     Merrill Lynch International Limited                 35,470,176 
 Power to control the exercise of a power to dispose of securities  J.P. Morgan Prime Nominees Ltd                                     J.P Morgan Securities PLC                 29,183,041 

The decrease in Regal’s holding for the purposes of the AIM Rules for
Companies was the result of the disposal of ordinary shares during the period
from 31 October 2022 to 22 November 2022.  During this period, Regal disposed
12,893,273 shares for an average price of A$0.233 per share.  No shares were
acquired during this period. 

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 Gareth Tredway  
 Mobile: +61 488 093 763                                      Tel: +44 207 920 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 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 ADVISOR
RFC Ambrian Limited
Stephen Allen
Phone: +61 8 9480 2500

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

JOINT BROKER
Canaccord Genuity
Raj Khatri / James Asensio / Patrick Dolaghan
Phone: +44 20 7523 8000
 



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