6th Oct 2017 07:12
BASE RESOURCES LIMITED - Vesting of 2014 cycle of performance rightsBASE RESOURCES LIMITED - Vesting of 2014 cycle of performance rights
PR Newswire
London, October 6
AIM and Media Release
6 October 2017
BASE RESOURCES LIMITEDVesting of 2014 cycle of performance rights
Base Resources Limited (ASX & AIM: BSE) (“Base Resources” or the “Company”) advises that, following performance testing of the 2014 cycle of rights issued pursuant to the Base Resources Long Term Incentive Plan (“LTIP”) as at 30 September 2017, a total of 4,961,983 new fully paid ordinary shares (“New Shares”) in Base Resources have today been issued for the benefit of LTIP participants. In accordance with the terms of the LTIP, the New Shares were issued for nil cash consideration.
Following allocation of the New Shares, set out below are updated shareholding details for those employees classified as “persons discharging managerial responsibilities” for the purposes of the Market Abuse Regulation (EU).
| Name | New Shares allocated | Total holding of shares (direct and non-direct) | |
| Tim Carstens | 890,126 | 2,118,648 | |
| Colin Bwye | 890,126 | 2,728,865 | |
| Kevin Balloch | 356,621 | 465,569 | |
| Colin Forbes | 445,589 | 576,235 | |
| Andrew Greyling | 52,906 | 1,464,060 | |
| Stephen Hay | 397,378 | 397,378 | |
| Chadwick Poletti | 113,873 | 133,990 | |
| Joe Schwarz | 382,182 | 668,267 | |
| Denham Vickers | 397,056 | 587,808 |
Following issue of the New Shares, the Company has the following securities on issue:
747,193,939 fully paid ordinary shares. 61,425,061 options (exercisable at A$0.40 on or before 31 December 2018). 57,054,948 performance rights issued pursuant to the terms of the LTIP.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 PurpleAnnette Ellis / Andrew RowellEmail: aellis@canningspurple.com.au /arowell@canningspurple.com.auPhone: +61 (0)8 6314 6300UK MEDIA RELATIONSTavistock CommunicationsJos Simson / Emily FentonPhone: +44 (0) 207 920 3150KENYA MEDIA RELATIONSAfricapractice (East Africa)Evelyn Njoroge / Joan KimaniPhone: +254 (0)20 239 6899Email: jkimani@africapractice.comPRINCIPAL & REGISTERED OFFICELevel 1, 50 Kings Park RoadWest Perth, Western Australia, 6005Email: info@baseresources.com.auPhone: +61 (0)8 9413 7400Fax: +61 (0)8 9322 8912
Related Shares:
Base Resources