REG-Base Resources Limited: Results of 2023 Annual General Meeting

Base ResourcesAnnouncement

24/11/2023 07:15

 

 

 

AIM and Media Release 

24 November 2023

 

Base Resources Limited 
Results of 2023 Annual General Meeting

 

Base Resources Limited (ASX & AIM: BSE) (Base Resources or the Company)
advises that the results of the resolutions put to Base Resources shareholders
at today’s meeting are set out in the table below.

 

All resolutions put to the meeting were decided by poll and were carried,
other than items 1 and 5 which were not carried. 

 

Items 1 and 5 both concerned remuneration-related matters, with item 1 seeking
adoption of the Company’s remuneration report for the 2023 financial year. 
As 25% or more of the votes cast on item 1 were against the resolution, this
constitutes a ‘first strike’ for the purposes of the Corporations Act 2001
(Cth).

 

The Board will seek to further engage with shareholders to understand their
rationale for voting against these remuneration related items.  In the event
that their voting decisions were driven by concerns with Base Resources’
remuneration policy and practices, the Board will take these matters into
account as part of its consideration of the Company’s future remuneration
policy and practices.

 

 Resolution details                                                                      Instructions given to validly appointed proxies (as at proxy close)            Number of votes cast on the poll (where applicable)         Resolution Result      
 Resolution                                                             Resolution Type  For                 Against             Proxy's Discretion  Abstain            For                 Against             Abstain 1           Carried / Not Carried  
 Item 1 Adoption of the Remuneration Report                             Ordinary         195,355,406 24.37%  605,692,843 75.59%  290,555 0.04%       88,514             199,193,020 24.69%  607,597,503 75.31%  853,514             Not Carried            
 Item 2 Re-election of Mr Michael Stirzaker as a Director               Ordinary         502,122,708 99.67%  1,229,016 0.24%     423,889 0.09%       312,445,703        520,075,292 99.44%  2,929,016 0.56%     312,445,703         Carried                
 Item 3 Re-election of Mr Malcolm Macpherson as a Director 2            Ordinary         Item withdrawn. Director did not seek re- election.                                                                                                               
 Item 4 Election of Ms Sheila Khama as a Director                       Ordinary         814,797,446 99.83%  1,097,457 0.13%     317,489 0.04%       8,924              832,628,630 99.67%  2,797, 457 0.33%    23,924              Carried                
 Item 5 Approval of the Grant of Performance Rights to Mr Tim Carstens  Ordinary         196,582,803 37.84%  322,541,872 62.10%  272,389 0.06%       296,824,252        204,970,394 38.66%  325,212,532 61.34%  305,267,085         Not Carried            

Note (1):  Votes cast by a person who abstains on an item are not counted in
calculating the required majority on a poll.

Note (2):  As at today’s date, Mr Macpherson did not own or control any
Base Resources securities. 

 

ENDS.

 

For further information contact:

 Australian Media Relations        UK Media Relations             
 Citadel Magnus                    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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