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) advises that it has received notification from UBS Group AG and its related bodies corporate (UBS) that, on 5 May 2020, UBS reduced their voting power in Base Resources by 25,536,738 ordinary shares.
Base Resources understands that, as at 5 May 2020, UBS had a relevant interest in 44,591,300 ordinary shares, representing 3.81% of the total Base Resources ordinary shares on issue and constituting a significant shareholding for the purposes of the AIM Rules for Companies on that date.
The decrease in UBS’s relevant interest was the net result of the disposal and acquisition of ordinary shares, and the return and borrowing of ordinary shares pursuant to prime brokerage agreements, in each case, since 3 March 2020.
UBS disposed of 60,047,582 shares for an average price of A$0.139 per share between 3 March 2020 and 1 May 2020 (excluding any shares returned pursuant to a prime brokerage agreement). It acquired 34,510,844 shares for an average price of A$0.148 per share between 3 March 2020 and 23 March 2020 (excluding any shares borrowed pursuant to a prime brokerage agreement).
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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