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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Base Resources Limited | LSE:BSE | London | Ordinary Share | AU000000BSE5 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.15 | 1.15% | 13.25 | 13.00 | 13.50 | 13.25 | 13.10 | 13.10 | 276,795 | 12:42:14 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Iron Ores | 271.43M | -4.84M | -0.0041 | -60.98 | 295M |
TIDMBSE AIM and Media Release 9 November 2023 Base Resources Limited 2023 LTIP cycle performance rights African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) (Base Resources or the Company) advises that 28,790,016 performance rights have been granted to eligible employees under the Base Resources Long Term Incentive Plan (LTIP) for the 2023 cycle. The performance rights were granted off-market on 6 November 2023 for nil cash consideration and form the equity (and long-term incentive) component of the at-risk remuneration of relevant employees for the financial year ending 30 June 2024. Vesting of the 2023 cycle performance rights is subject to satisfaction of performance criteria tied to the Company's total shareholder return performance, either in absolute or relative terms, and certain gates to vesting, in each case over a three-year performance period that commenced on 1 October 2023 and concludes on 30 September 2026. The employees granted 2023 cycle performance rights included senior management of the Company classified as persons discharging managerial responsibilities. Their updated securityholdings in the Company are set out below. Name and New 2023 Vested 2020 Total unvested Holding of shares position cycle cycle performance (direct and performance performance rights* indirect) rights rights Kevin Balloch 1,680,460 552,235 3,562,198 4,589,796 (Chief Financial Officer) Andre Greyling 1,680,460 540,101 3,612,784 4,129,026 (General Manager, Growth) Stephen Hay 1,673,501 580,471 3,597,622 2,527,761 (General Manager, Marketing) Chadwick 1,603,917 507,169 3,408,078 2,845,376 Poletti (Chief Legal Officer and Company Secretary) * Includes 2023 cycle performance rights The grant of 2023 cycle performance rights to Managing Director, Tim Carstens, will be considered by shareholders at Base Resources' upcoming 2023 Annual General Meeting to be held on Friday, 24 November 2023. For further details about the terms of the 2023 cycle performance rights, refer to the Company's Notice of 2023 Annual General Meeting released on 24 October 2023. Further, since the Company's last LTIP update: · 356,557 performance rights for the 2022 cycle were granted on a pro rata basis to employees who became eligible to participate in the LTIP following the initial grant of performance rights for that cycle in October 2022; and · 3,673,286 vested 2020 cycle performance rights were exercised by participants, with the resultant entitlement to ordinary shares satisfied by the allocation of shares previously acquired on-market by the LTIP trustee. As a result of the above events, the Company has the following securities on issue: · 1,178,011,850 fully paid ordinary shares; and · 72,473,738 performance rights issued under the LTIP, comprising: · 8,727,959 vested performance rights, which remain subject to exercise[1]; and · 63,745,779 unvested performance rights subject to performance testing in accordance with their terms of issue. [Note (1): Vested performance rights have a nil exercise price. Unless exercised beforehand, performance rights expire five years after conclusion of the relevant performance period.] 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: +61 8 6160 4900 Tel: +44 207 920 3150 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 & LEI Level 3, 46 Colin Street West Perth, Western Australia, 6005 Email: info@baseresources.com.au Phone: +61 8 9413 7400 Fax: +61 8 9322 8912 LEI Code: 2617005DDMEAZ8OBD979 NOMINATED ADVISER & JOINT BROKER Canaccord Genuity Limited James Asensio / Raj Khatri / George Grainger Phone: +44 20 7523 8000 JOINT BROKER Berenberg Matthew Armitt / Detlir Elezi Phone: +44 20 3207 7800 This information was brought to you by Cision http://news.cision.com END
(END) Dow Jones Newswires
November 09, 2023 04:57 ET (09:57 GMT)
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