REG-Base Resources Limited: Results of 2021 Annual General Meeting

Base ResourcesAnnouncement

26/11/2021 07:20

AIM and Media Release 

26 November 2021

BASE RESOURCES LIMITED
Results of 2021 Annual General Meeting

African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) (Base
Resources) advises that all resolutions set out in the Notice of Annual
General Meeting released to ASX on 27 October 2021 and put to Base Resources
shareholders at today’s meeting were carried.

All resolutions were decided by poll.  Further details, including the number
of votes cast on the poll for each resolution and the percentage of votes cast
‘For’ and ‘Against’, are at the end of this announcement.

As previously announced, Independent Non-Executive Chair, Mr Keith Spence,
retired from the Board following the Annual General Meeting, with Independent
Non-Executive Director, Mr Michael Stirzaker, taking over as Chair.  Mr
Spence currently holds 666,667 fully paid ordinary shares in Base Resources.

Following his election by members at the meeting, Mr Scot Richard Sobey (46
years old) joins the Board as a Non-Executive Director and the representative
of major shareholder, Pacific Road. 

Following these changes and Ms Diane Radley’s re-election at today’s
meeting, the Board of Base Resources comprises:

 Mr Michael Stirzaker   Independent Non-Executive Chair                    
 Mr Tim Carstens        Managing Director                                  
 Mr Colin Bwye          Executive Director – Operations and Development    
 Mr Malcolm Macpherson  Independent Non-Executive Director                 
 Ms Diane Radley        Independent Non-Executive Director                 
 Ms Janine Herzig       Independent Non-Executive Director                 
 Mr Scot Sobey          Non-Executive Director                             

For the purposes of complying with the AIM Rules for Companies in relation to
Mr Sobey’s election, Base Resources advises that Mr Sobey has held the
following positions where he was acting in the capacity of a director or
partner in the past five years:
* Current directorships or partnerships - Pelkbuck (Pty) Ltd.
* Previous directorships or partnerships - Eferton Services (Pty) Ltd
Mr Sobey holds no relevant interest in the Company's ordinary share capital. 
There is no other information in relation to Mr Sobey that requires disclosure
pursuant to the AIM Rules for Companies.

                                 Resolution details                                         Instructions given to validly appointed proxies              Number of votes cast on the poll                    Resolution Result   
                                                                                                           (as at proxy close)                                  (where applicable)                                               
                            Resolution                             Resolution Type          For          Against        Proxy's        Abstain            For         Against      Abstain*           Carried /                  
                                                                                                                       Discretion                                                                     Not Carried                
 1 Adoption of the Remuneration Report                                 Ordinary         755,789,290      344,907        358,197       1,545,529       759,615,231     344,907      1,545,529            Carried                  
                                                                                           99.90%         0.05%          0.05%                          99.95%         0.05%                               
 2 Re-election of Ms Diane Radley as a Director                        Ordinary         770,067,141     2,092,105       358,197         7,000         774,734,484    2,092,105       7,000              Carried                  
                                                                                           99.68%         0.27%          0.05%                          99.73%         0.27%                               
 3 Election of Mr Scot Sobey as a Director                             Ordinary         761,970,235     10,186,921      358,197         9,090         766,637,578   10,186,921       9,090              Carried                  
                                                                                           98.63%         1.32%          0.05%                          98.69%         1.31%                               
 4 Approval of the grant of Performance Rights to Mr Tim Carstens      Ordinary         757,019,864      506,185       4,552,163      3,246,993       765,838,897     506,185      3,246,993            Carried                  
                                                                                           99.33%         0.07%          0.60%                          99.93%         0.07%                               
 5 Approval of revised Base Resources Long Term Incentive Plan         Ordinary         744,854,578      614,078       2,703,523      15,092,286      751,692,512     614,078     15,092,286            Carried                  
                                                                                           99.56%         0.08%          0.36%                          99.92%         0.08%                               
 6 Approval of proposed amendments to Constitution                     Special          638,687,523    133,165,244      358,197        313,479        643,340,809   133,165,244     327,536             Carried                  
                                                                                           82.71%         17.24%         0.05%                          82.85%        17.15%                               
                                                                                                                                                                                                                                 

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 (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 3, 46 Colin Street
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
Canaccord Genuity
Raj Khatri / James Asensio / Patrick Dolaghan
Phone: +44 20 7523 8000
 



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