Base Resources Limited Issue of LTIP performance rights

 
TIDMBSE 
 
AIM and Media Release 
 
30 November 2017 
 
BASE RESOURCES LIMITED 
Issue of LTIP performance rights 
 
Base Resources Limited (ASX & AIM: BSE) ("Base Resources") advises that on 
30 November 2017 the company issued 14,226,713 performance rights to senior 
management pursuant to the terms of the Base Resources Long Term Incentive Plan 
("LTIP"). 
 
The performance rights are held by (among other senior management) Base 
Resources' executive Directors Tim Carstens and Colin Bwye who were each issued 
2,113,056 performance rights.  The shareholdings of Mr Carstens and Mr Bwye 
remain unchanged.  Following the above transactions, Mr Carstens and Mr Bwye 
hold the following securities in Base Resources: 
 
  * Mr Carstens holds 2,118,648 fully paid ordinary shares and 10,803,429 
    performance rights (vesting of which is subject to satisfaction of 
    applicable performance criteria and the terms of the LTIP).These securities 
    are held by Mr Carstens directly and indirectly through Varadero Pty Ltd as 
    trustee for the Sumo Superannuation Fund of which Mr Carstens is the sole 
    beneficiary. 
  * Mr Bwye holds 2,728,865 fully paid ordinary shares and 10,803,429 
    performance rights (vesting of which is subject to satisfaction of 
    applicable performance criteria and the terms of the LTIP).These securities 
    are held by Mr Bwye directly and indirectly through Mrs Annette Bwye who is 
    the spouse of Mr Bwye and by Mr Colin Bwye and Mrs Annette Bwye as trustees 
    for the Bwye Superannuation Fund. 
 
As at today's date, Base Resources has the following shares, options and 
performance rights on issue: 
 
  * 747,193,939 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 LTIP. 
 
For further information with respect to performance rights issued in accordance 
with the LTIP refer to the company's notice of 2017 annual general meeting and 
explanatory memorandum that is available from the company's website: 
www.baseresources.com.au. 
 
ENDS. 
 
CORPORATE PROFILE 
 
Directors 
Keith 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 Secretary 
Chadwick Poletti 
 
NOMINATED ADVISOR & BROKERS 
RFC Ambrian Limited 
As Nominated Adviser: 
Andrew Thomson / Stephen Allen 
Phone: [phone] 
As Joint Broker: 
Jonathan Williams 
Phone: [phone] 
 
Numis Securities Limited 
As Joint Broker: 
John Prior / James Black / Paul Gillam 
Phone:  [phone] 
 
SHARE REGISTRY:  ASX 
Computershare Investor Services Pty Limited 
Level 11, 172 St Georges Terrace 
PERTH WA 6000 
Enquiries: 1300 850 505 / [phone] 
www.computershare.com.au 
 
SHARE REGISTRY:  AIM 
Computershare Investor Services PLC 
The Pavilions 
Bridgwater Road 
BRISTOL BS99 6ZZ 
Enquiries: [phone] 
www.computershare.co.uk 
 
AUSTRALIAN MEDIA RELATIONS 
Cannings Purple 
Annette Ellis / Andrew Rowell 
Email: [e-mail] / 
[e-mail] 
Phone: [phone] 
 
UK MEDIA RELATIONS 
Tavistock Communications 
Jos Simson / Emily Fenton 
Phone: [phone] 
 
KENYA MEDIA RELATIONS 
Africapractice (East Africa) 
Evelyn Njoroge / Joan Kimani 
Phone: [phone] 
Email: [e-mail] 
 
PRINCIPAL & REGISTERED OFFICE 
Level 1, 50 Kings Park Road 
West Perth, Western Australia, 6005 
Email:  [e-mail] 
Phone: [phone] 
Fax: [phone] 
 
 
 
END 
 

(END) Dow Jones Newswires

November 30, 2017 04:12 ET (09:12 GMT)