11th Feb 2020 07:00
BASE RESOURCES LIMITED - Notice of change of Substantial ShareholderBASE RESOURCES LIMITED - Notice of change of Substantial Shareholder
PR Newswire
London, February 11
AIM and Media Release
11 February 2020
BASE RESOURCES LIMITEDNotice of change of Substantial Shareholder
Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has today received notification from Regal Funds Management Pty Ltd (Regal Funds Management) that it has decreased its voting power in Base Resources to 124,549,009 ordinary shares, representing 10.63% of the total Base Resources ordinary shares on issue and constituting a substantial shareholding for the purposes of the AIM Rules for Companies.
Regal Funds Management’s interest in 124,549,009 ordinary shares is held as follows:
| Holder of interest | Nature of interest | Registered holder of shares | Number of ordinary shares |
| UBS AG, Australia Branch | Holder of shares | UBS Nominees Pty Ltd | 32,283,001 |
| Morgan Stanley & Co Intl PLC | Holder of shares | Morgan Stanley & Co Intl PLC | 511,605 |
| Merrill Lynch International Limited | Holder of shares | Merrill Lynch International Limited | 61,760,043 |
| Credit Suisse Securities Europe Ltd | Holder of shares | Credit Suisse Securities Europe Ltd | 29,994,360 |
The decrease in Regal Funds Management’s holding for the purposes of the AIM Rules for Companies was the net result of the disposal and acquisition of ordinary shares, since 1 November 2018.
Regal Funds Management acquired 46,882,179 shares for an average price of A$0.243 per share between 12 November 2018 and 13 August 2019. It disposed of a total of 75,400,000 shares for an average price of A$0.243 on 28 June 2019 and 7 February 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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