Base Resources Limited Change of interests by Substantial Shareholder (3928B)

TIDMBSE

RNS Number : 3928B

Base Resources Limited

02 June 2023

AIM and Media Release

2 June 2023

BASE RESOURCES LIMITED

Notice of change of interests by Substantial Shareholder

Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has received notification from Sustainable Capital Limited (Sustainable Capital) that, as at 1 June 2023, Sustainable Capital had increased its voting power in Base Resources from 277,232,274 ordinary shares to 290,537,049 ordinary shares representing 23.66% and 24.66% respectively of the total Base Resources ordinary shares in issue. This constitutes a substantial shareholding for the purposes of the AIM Rules for Companies.

Sustainable Capital's interest in 290,537,049 ordinary shares is held as follows:

 
 Holder of interest     Registered holder       Person entitled      Number of ordinary 
                         of shares              to be registered                 shares 
                                                    as holder 
 Sustainable Capital    HSBC-FUND SERVICES     HSBC BANK AUSTRALIA 
  Limited                CLIENT A/C 006                    LIMITED          290,537,049 
                       --------------------  ---------------------  ------------------- 
 

The increase in Sustainable Capital's holding for the purposes of the AIM Rules for Companies was the net result of the acquisition and disposal of ordinary shares during the period from 6 August 2020 to 1 June 2023.

During this period, Sustainable Capital acquired 17,632,045 shares for an average price of A$0.239 per share and sold 4,327,270 shares for an average price of A$0.316.

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:

 
 Australian Media Relations         UK Media Relations 
 Citadel Magnus                     Tavistock Communications 
                                   ------------------------------ 
 Cameron Gilenko and Michael Weir   Jos Simson and Gareth Tredway 
                                   ------------------------------ 
 Tel: [phone]               Tel: [phone] 
                                   ------------------------------ 
 

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 OFFICE

Level 3, 46 Colin Street

West Perth, Western Australia, 6005

Email: [e-mail]

Phone: [phone]

Fax: [phone]

NOMINATED ADVISOR & JOINT BROKER

Canaccord Genuity Limited

James Asensio / Raj Khatri / Patrick Dolaghan

Phone: [phone]

JOINT BROKER

Berenberg

Matthew Armitt / Detlir Elezi

Phone: [phone]

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END

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June 02, 2023 02:00 ET (06:00 GMT)