24th May 2024 10:33
Base Resources Limited - Notice of change of interests by Substantial ShareholderBase Resources Limited - Notice of change of interests by Substantial Shareholder
PR Newswire
LONDON, United Kingdom, May 24
AIM and Media Release
24 May 2024
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 it reduced its voting power in Base Resources from 266,034,866 ordinary shares to 243,034,866 ordinary shares representing 20.63% 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 243,034,866 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 | 243,034,866 |
The decrease in Sustainable Capital's holding for the purposes of the AIM Rules for Companies was the result of the disposal of 23,000,000 ordinary shares on 24 May 2024 for an average price of A$0.285 per share.
A copy of the notice referred to in this release is available from the company's website: www.baseresources.com.au.
ENDS.
For further information contact:
| Australian Media Relations | UK Media Relations |
| Morrow Sodali | 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 OFFICELevel 3, 46 Colin StreetWest Perth, Western Australia, 6005Email: [email protected]Phone: +61 8 9413 7400Fax: +61 8 9322 8912
NOMINATED ADVISER & JOINT BROKERCanaccord Genuity LimitedJames Asensio / Raj Khatri / George GraingerPhone: +44 20 7523 8000
JOINT BROKERBerenbergMatthew Armitt / Detlir EleziPhone: +44 20 3207 7800
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