13th Jan 2022 07:43
BASE RESOURCES LIMITED - Forfeiture of performance rightsBASE RESOURCES LIMITED - Forfeiture of performance rights
PR Newswire
London, January 13
AIM and Media Release
13 January 2022
BASE RESOURCES LIMITEDForfeiture of performance rights
African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that 420,864 performance rights granted under the Base Resources Long Term Incentive Plan (LTIP) held by one or more former employees have been forfeited. The forfeiture occurred in accordance with the LTIP following the cessation of employment other than for a “Qualifying Reason” (as that term is defined in the LTIP).
Following the forfeiture, Base Resources has the following securities on issue:
1,178,011,850 fully paid ordinary shares; 76,570,331 performance rights issued under the LTIP, comprising: 8,149,202 vested performance rights, which remain subject to exercise; and 68,421,129 unvested performance rights subject to performance testing in accordance with their terms of issue.ENDS.
For further information contact:
| James Fuller, Manager Communications and Investor Relations | UK Media Relations |
| Base Resources | Tavistock Communications |
| Tel: +61 (0)8 9413 7426 | Jos Simson and Gareth Tredway |
| Mobile: +61 (0) 488 093 763 | Tel: +44 (0) 207 920 3150 |
| Email: [email protected] |
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 OFFICELevel 3, 46 Colin StreetWest Perth, Western Australia, 6005Email: [email protected]Phone: +61 (0)8 9413 7400Fax: +61 (0)8 9322 8912
NOMINATED ADVISORRFC Ambrian LimitedStephen AllenPhone: +61 (0)8 9480 2500
JOINT BROKERBerenbergMatthew Armitt / Detlir EleziPhone: +44 (0) 203 207 7800
JOINT BROKERCanaccord GenuityRaj Khatri / James Asensio / Patrick DolaghanPhone: +44 (0) 207 523 8000
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