7th Feb 2019 08:37
BASE RESOURCES LIMITED - Notice of Significant ShareholderBASE RESOURCES LIMITED - Notice of Significant Shareholder
PR Newswire
London, February 7
AIM and Media Release
7 February 2019
BASE RESOURCES LIMITEDNotice of Significant Shareholder
Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has today received the following notification.
UBS Group AG has notified the company that it and its related bodies corporate (UBS Group) have increased their relevant interest in Base Resources ordinary shares by a net 11,942,333 to 86,427,005 ordinary shares, representing 7.41% of total Base Resources ordinary shares on issue, constituting a significant shareholding for the purposes of the AIM Rules for Companies.
UBS Group’s interest in Base Resources ordinary shares relates to the following interests held by its related bodies corporate:
| Holder of relevant interest | Nature of relevant interest | Class and number of securities |
| UBS Securities Australia Ltd | Beneficial Owner | 72,485,489 fully paid ordinary shares |
| UBS AG, Australia Branch | Prime Broker that has exercised its borrowing right in respect of shares pursuant to a Prime Broking Agreement | 13,941,516 fully paid ordinary shares |
Consideration given to acquire the increased relevant interest above between 22 November 2018 and 5 February 2019 was a weighted average of A$0.2425 per share for 12,188,398 shares. Consideration received for sales between 21 November 2018 and 21 January 2019 was a weighted average of A$0.2361 per share for 246,065 shares.
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 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
Related Shares:
Base Resources