18th Oct 2018 07:00
BASE RESOURCES LIMITED - Notice of Significant ShareholderBASE RESOURCES LIMITED - Notice of Significant Shareholder
PR Newswire
London, October 18
AIM and Media Release
18 October 2018
BASE RESOURCES LIMITEDNotice of Significant Shareholder
Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has today received the following notification.
Bank of America Corporation has notified the company that it and its related bodies corporate (Bank of America) have reduced their interest in Base Resources ordinary shares by a net 19,006,785 shares through a series of sales and acquisitions of Base Resources ordinary shares between 5 January 2018 and 12 October 2018.
Consideration received for sales referred to above was a weighted average of A$0.242 per share for 11,025,086 shares (excluding 55,413,916 shares returned under the Prime Brokerage Agreement). Consideration given to acquire shares referred to above was a weighted average of A$0.287 per share for 10,312,729 shares (excluding 37,119,488 shares borrowed under the Prime Brokerage Agreement).
Following the net sale, the company understands Bank of America has an interest in 40,316,951 ordinary shares representing 3.46% of total Base Resources ordinary shares on issue, constituting a significant shareholding for the purposes of the AIM Rules for companies.
A PDF version 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 Sands 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 LimitedAndrew Thomson / Stephen AllenPhone: +61 (0)8 9480 2500
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