11th May 2020 07:00
BASE RESOURCES LIMITED - Notice of change of Significant ShareholderBASE RESOURCES LIMITED - Notice of change of Significant Shareholder
PR Newswire
London, May 11
AIM and Media Release
11 May 2020
BASE RESOURCES LIMITEDNotice of change of Significant Shareholder
Base Resources Limited (ASX & AIM: BSE) (Base Resources or the Company) advises that it has received notification from Bank of America Corporation that, as at 6 May 2020, it and its related bodies corporate (Bank of America) had increased their voting power in Base Resources to 93,680,997 ordinary shares, representing 8.00% of the total Base Resources ordinary shares on issue and constituting a significant shareholding for the purposes of the AIM Rules for Companies.
Bank of America’s interest in 93,680,997 ordinary shares was held as follows:
| Holder of interest | Nature of interest | Registered holder of shares | Number of ordinary shares |
| Merrill Lynch (Australia) Futures Ltd | Power to control voting and/or disposal of securities in its capacity as ultimate beneficial owner having a principal position. | Merrill Lynch (Australia) Nominees Pty Ltd | 55,126,926 |
| Merrill Lynch International (Australia) Ltd | Borrowing of securities pursuant to a Prime Brokerage Agreement, with power to control the voting and/or disposal of borrowed securities. | Merrill Lynch (Australia) Nominees Pty Ltd | 38,554,071 |
The increase in Bank of America’s holding for the purposes of the AIM Rules for Companies since its last notification to the Company was the net result of the acquisition of ordinary shares, and the borrowing and return of ordinary shares pursuant to prime brokerage agreements, since 24 April 2020.
Bank of America acquired 20,021,974 shares for an average price of A$0.130 per share between 27 April 2020 and 6 May 2020 (excluding any shares borrowed pursuant to a prime brokerage agreement). Other than by way of the return of securities pursuant to prime brokerage agreements, Bank of America did not dispose of any shares between 24 April 2020 and 6 May 2020.
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:
| James Fuller, Manager Communications and Investor Relations | UK Media Relations |
| Base Resources | Tavistock Communications |
| Tel: +61 (8) 9413 7426 | Jos Simson and Barnaby Hayward |
| 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 1, 50 Kings Park RoadWest 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 20 3207 7800
JOINT BROKERNumis Securities LimitedJohn Prior / James Black / Paul GillamPhone: +44 20 7260 1000
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