REG-Base Resources Limited: Shareholders vote in favour of the Scheme

Base ResourcesAnnouncement

05/09/2024 08:15

 

 

 

AIM and Media Release 

5 September 2024

 

Base Resources Limited 
Shareholders vote in favour of the Scheme

 

Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that the
resolution to approve the scheme of arrangement to effect a combination with
Energy Fuels Inc. (Scheme), as set out in the Notice of Scheme Meeting in
Annexure 6 of the Scheme Booklet dated 2 August 2024 (Scheme Resolution), was
passed by the requisite majorities of Base Resources shareholders at the
Scheme Meeting held earlier today.

In summary:
* 99.88% of the votes cast by Base Resources shareholders were in favour of
the Scheme Resolution; and 
* 93.18% of Base Resources shareholders present and voting (in person or by
proxy) were in favour of the Scheme Resolution.
Details of the valid proxies received and votes cast are set out in the
attachment to this announcement.

Immediate next steps

Base Resources will apply to the Federal Court of Australia (Court) for
approval of the Scheme at a hearing scheduled for 12.15pm (Perth time) on
12 September 2024 (Second Court Hearing).

If the Court approves the Scheme at the Second Court Hearing, a copy of the
Court orders will be lodged with the Australian Securities & Investments
Commission, following which the Scheme will become effective.

Timetable

The remaining key dates for the Scheme are set out below.

 Event                                                                                                                                                                                                                                                                                                                                                                                              Date                                                                                                                            
 Second Court Hearing                                                                                                                                                                                                                                                                                                                                                                               12 September 2024                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                     12.15pm Perth time                                                                                                             
 Effective Date Court order lodged with ASIC and announcement to ASX and AIM Last day of trading in Base Resources shares on ASX, with trading of Base Resources shares on ASX suspended from close of trading on ASX and trading of Base Resources depositary interests to be suspended from commencement of trading on AIM Final date for movements between the Base Resources share register and 13 September 2024                                                                                                               
 Base Resources depositary interest register                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 Special Dividend Record Date                                                                                                                                                                                                                                                                                                                                                                       For shareholders: 18 September 2024, 5.00pm Perth time For depositary interest holders: 18 September 2024, 6.00 pm London time  
 Latest time and date for receipt of Election Forms from Small Shareholders for the Sale Facility                                                                                                                                                                                                                                                                                                   18 September 2024                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                     5.00pm Perth time                                                                                                              
 Latest time and date for receipt of elections via CREST for Small Shareholders that are Base Resources Depositary Interest Holders                                                                                                                                                                                                                                                                 18 September 2024, 1.00 pm London time                                                                                          
 Scheme Record Date                                                                                                                                                                                                                                                                                                                                                                                 For shareholders: 20 September 2024,                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                                     5.00pm Perth time For depositary interest holdings: 20 September 2024, 6.00 pm London time                                     
 Special Dividend Payment Date                                                                                                                                                                                                                                                                                                                                                                      1 October 2024                                                                                                                  
 Implementation Date                                                                                                                                                                                                                                                                                                                                                                                2 October 2024                                                                                                                  
 ASX and AIM cancellation / delisting                                                                                                                                                                                                                                                                                                                                                               3 October 2024                                                                                                                  

Timetable is indicative only and may be subject to change.  Any changes will
be announced by Base Resources to ASX and AIM.

 

Scheme information line

If Base Resources shareholders or depositary interest holders have any
questions in relation to the Scheme, please contact the Base Resources Scheme
information line on 1300 271 804 (within Australia) and +61 3 9938 4380
(outside Australia) between 8.30am and 5.00pm (Melbourne time), Monday to
Friday, excluding public holidays.

 

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

 Base Resources - Results of Scheme Meeting 5 September 2024 (https://mb.cision.com/Public/22548/4033654/a4f2abc4233df6b1.pdf)  



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