REG - Base Resources Ltd - Change of interests by Substantial Shareholder

Base ResourcesAnnouncement

02/06/2023 07:00

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RNS Number : 3928B  Base Resources Limited  02 June 2023

 

 

 

AIM and Media Release

2 June 2023

 

BASE RESOURCES LIMITED

Notice of change of interests by Substantial Shareholder

 

Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it
has received notification from Sustainable Capital Limited (Sustainable
Capital) that, as at 1 June 2023, Sustainable Capital had increased its voting
power in Base Resources from 277,232,274 ordinary shares to 290,537,049
ordinary shares representing 23.66% and 24.66% respectively of the total Base
Resources ordinary shares in issue. This constitutes a substantial
shareholding for the purposes of the AIM Rules for Companies.

 

Sustainable Capital's interest in 290,537,049 ordinary shares is held as
follows:

 

 Holder of interest           Registered holder of shares        Person entitled to be registered as holder  Number of ordinary shares
 Sustainable Capital Limited  HSBC-FUND SERVICES CLIENT A/C 006  HSBC BANK AUSTRALIA LIMITED                 290,537,049

 

The increase in Sustainable Capital's holding for the purposes of the AIM
Rules for Companies was the net result of the acquisition and disposal of
ordinary shares during the period from 6 August 2020 to 1 June 2023.

 

During this period, Sustainable Capital acquired 17,632,045 shares for an
average price of A$0.239 per share and sold 4,327,270 shares for an average
price of A$0.316.

 

A copy of the notice referred to in this release is available from the
company's website:  www.baseresources.com.au
(http://www.baseresources.com.au) .

 

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 (http://www.baseresources.com.au)

 

PRINCIPAL & REGISTERED OFFICE
Level 3, 46 Colin Street

West Perth, Western Australia, 6005

Email:  info@baseresources.com.au (mailto:info@baseresources.com.au)
Phone: +61 8 9413 7400

Fax: +61 8 9322 8912

 

NOMINATED ADVISOR & JOINT BROKER

Canaccord Genuity Limited

James Asensio / Raj Khatri / Patrick Dolaghan

Phone: +44 20 7523 8000

 

JOINT BROKER
Berenberg
Matthew Armitt / Detlir Elezi

Phone: +44 20 3207 7800

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