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

Base ResourcesAnnouncement

15/08/2024 10:45

 

 

 

AIM and Media Release 

15 August 2024

 

Base Resources Limited 
Notice of change of interests by Significant Shareholder

 

Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has
received notification from First Sentier Investors Holdings Pty Limited and
certain of its related bodies corporate and associates (First Sentier) that,
as at 13 August 2024, First Sentier had increased its voting power in Base
Resources from 87,021,878 ordinary shares to 99,905,751 ordinary shares
representing 7.39% and 8.48%, respectively, of the total Base Resources
ordinary shares in issue. This constitutes a significant shareholding for the
purposes of the AIM Rules for Companies.

 

First Sentier’s interest in 99,905,751 ordinary shares is held as follows:

 

 Registered holder of shares     Holder of interest                   Nature of interest                                                                                                              Number of ordinary shares  
 Citibank N A Hong Kong          First Sentier Investors RQI Pty Ltd  Relevant interest under paragraph 608(1)(b) and/or 608(1)(c) of the Corporations Act 2001 (Cth), being a relevant interest      41,314,416                 
                                                                      arising from having the power to control the exercise of the right to vote attached to securities and/or to control the exercise                            
                                                                      of the power to dispose of securities in its capacity as investment manager, as provided for under its investment mandates. In                             
                                                                      addition, if any OTC derivatives, warrants or other securities (other than ordinary shares or ordinary units (as applicable))                              
                                                                      are referred to below in this row, the relevant interest in respect of those securities arises under subsection 608(8) being an                            
                                                                      accelerated relevant interest held in the same capacity.                                                                                                   
 JP MORGAN CHASE                 First Sentier Investors RQI Pty Ltd                                                                                                                                  3,993,108                  
 National Australian bank        First Sentier Investors RQI Pty Ltd                                                                                                                                  12,881,679                 
 Mitsubishi UFJ Financial Group  Mitsubishi UFJ Financial Group       Mitsubishi UFJ Financial Group Inc. (MUFG) owns 100% of First Sentier Investors Holdings Pty Limited (indirectly) and has       41,716,548                 
                                                                      informed First Sentier Investors Holdings Pty Limited that it has a relevant interest in the shares noted in this column.                                  
                                                                      Accordingly, First Sentier Investors Holdings Pty Limited has a relevant interest or voting power in those shares pursuant to                              
                                                                      section 608(3) or section 12(2)(a) of the Corporations Act (as relevant). MUFG has not provided any further details of that                                
                                                                      relevant interest - accordingly no transaction information is recorded in Appendix B or holder information is recorded in                                  
                                                                      Section 4 in the full copy of notice available from the company’s website (refer below for the website address). Reference is                              
                                                                      made to any subsequent filing of MUFG which will reflect this interest.                                                                                    

 

In the notice of its increase in its voting power, First Sentier disclosed
acquisitions of ordinary shares which occurred during the period from 27 May
2024 to 2 August 2024 (each inclusive).  The acquisitions disclosed were for
a total of 5,310,616 ordinary shares for an average price of A$0.273 per
share.

 

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:

 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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