22nd Jan 2018 07:00
BASE RESOURCES LIMITED - Shares issued under Retail Entitlement OfferBASE RESOURCES LIMITED - Shares issued under Retail Entitlement Offer
PR Newswire
London, January 21
AIM and Media Release
22 January 2018
BASE RESOURCES LIMITEDShares issued under Retail Entitlement Offer
Base Resources Limited (ASX & AIM: BSE) (Base Resources) is pleased to advise the completion of the retail component (Retail Entitlement Offer) of the 1 for 3 accelerated renounceable pro rata entitlement offer announced on Tuesday, 19 December 2017 (Entitlement Offer).
Base Resources has today issued 30,306,450 new fully paid ordinary shares (New Shares) pursuant to the Retail Entitlement Offer, raising gross proceeds of approximately A$7.7 million. These New Shares rank equally in all regards with existing Base Resources ordinary shares and are to commence trading on ASX tomorrow. The New Shares are expected to be admitted to trading on AIM on or around 24 January 2018.
Base Resources raised total gross proceeds of approximately A$97 million pursuant to the institutional placement and institutional and retail components of the Entitlement Offer.
The Retail Entitlement Offer was well supported by the Base Resources Board and management. Set out below are updated shareholding details for those persons classified as “persons discharging managerial responsibilities” for the purposes of the Market Abuse Regulation (EU).
| Name | New Shares subscribed for | Total holding of shares (direct and indirect) |
| Directors | ||
| Keith Spence (Non-Executive Chairman) | 166,667 | 666,667 |
| Tim Carstens (Managing Director) | 536,992 | 2,655,640 |
| Colin Bwye (Executive Director) | 430,000 | 3,158,865 |
| Sam Willis (Non-Executive Director) | 66,667 | 266,667 |
| Management | ||
| Kevin Balloch | 155,190 | 620,759 |
| Colin Forbes | 182,067 | 758,302 |
| Andre Greyling | 488,021 | 1,952,081 |
| Stephen Hay | 132,459 | 529,837 |
| Chadwick Poletti | 37,957 | 171,947 |
| Denham Vickers | 63,584 | 651,392 |
The issued capital of Base Resources following the issue of the New Shares is:
1,127,575,014 fully paid ordinary shares. 61,425,061 options (exercise price of A$0.40, expiring 31 December 2018). 71,281,661 performance rights issued pursuant to the terms of the Base Resources Long Term Incentive Plan.ENDS.
CORPORATE PROFILEDirectorsKeith Spence (Non-Executive Chairman)Tim Carstens (Managing Director)Colin Bwye (Executive Director)Sam Willis (Non-Executive Director)Michael Stirzaker (Non-Executive Director)Malcolm Macpherson (Non-Executive Director)Company SecretaryChadwick PolettiNOMINATED ADVISOR & BROKERSRFC Ambrian LimitedAs Nominated Adviser:Andrew Thomson / Stephen AllenPhone: +61 (0)8 9480 2500As Joint Broker:Jonathan WilliamsPhone: +44 20 3440 6800Numis Securities LimitedAs Joint Broker:John Prior / James Black / Paul GillamPhone: +44 20 7260 1000SHARE REGISTRY: ASXComputershare Investor Services Pty LimitedLevel 11, 172 St Georges TerracePERTH WA 6000Enquiries: 1300 850 505 / +61 (3) 9415 4000www.computershare.com.auSHARE REGISTRY: AIMComputershare Investor Services PLCThe PavilionsBridgwater RoadBRISTOL BS99 6ZZEnquiries: +44 (0) 870 702 0003www.computershare.co.ukAUSTRALIAN MEDIA RELATIONSCannings PurpleAndrew Rowell[email protected]Phone: +61 (0)8 6314 6300UK MEDIA RELATIONSTavistock CommunicationsJos Simson / Barnaby HaywardPhone: +44 (0) 207 920 3150KENYA MEDIA RELATIONSAfricapractice (East Africa)Evelyn Njoroge / Joan KimaniPhone: +254 (0)20 239 6899Email: [email protected]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
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