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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 27 August 2020 BASE RESOURCES LIMITED Exercise of LTIP performance rights African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) (Base Resources or the Company) advises that 6,402,076 new fully paid ordinary shares in Base Resources have been issued following the exercise by several participants of their 2016 cycle of vested performance rights issued pursuant to the Base Resources Long Term Incentive Plan (LTIP). Those LTIP participants issued new shares included employees classified as "persons discharging managerial responsibilities" for the purposes of the European Union's Market Abuse Regulation. Their updated securityholdings in the Company are set out below. Name Vested performance Holding of Holding of shares rights exercised and performance rights (direct and new shares issued indirect) Tim Carstens 1,725,567 7,832,535 7,546,013 (Managing Director) Colin Bwye (Executive 1,725,567 7,832,535 7,799,238 Director) Kevin Balloch 691,333 2,776,845 2,691,333 Andre Greyling 622,200 2,608,853 3,885,629 Stephen Hay 770,343 2,919,149 1,512,091* Chadwick Poletti 355,543 2,426,397 1,162,546 * Mr Hay's holding reflects the sale of 397,378 ordinary shares on market on 25 August 2020 for an average price of A$0.275 per share for the primary purpose of funding tax liabilities arising from his exercise of vested performance rights. In accordance with the terms of the LTIP, the new shares were issued for nil cash consideration. An application has been made for the new shares to be admitted to trading on AIM, with admission expected on or around 28 August 2020. As a result of the issue of the new shares, the Company has the following securities on issue: * 1,178,011,850 ordinary shares. * 62,765,465 performance rights issued pursuant to the terms of the LTIP, comprising: + 125,531 vested performance rights, which remain subject to exercise1. + 62,639,934 unvested performance rights subject to performance testing in accordance with their terms of issue. The figure of 1,178,011,850 ordinary shares on issue may be used by shareholders as the denominator for calculations when determining if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. [Note (1): Vested performance rights have a nil cash exercise price and, unless exercised beforehand, these rights expire on 30 September 2024.] ENDS. For further information contact: James Fuller, Manager Communications and Investor UK Media Relations Relations Base Resources Tavistock Communications Tel: +61 (8) 9413 7426 Jos Simson and Barnaby Hayward Mobile: +61 (0) 488 093 763 Tel: +44 (0) 207 920 3150 Email: jfuller@baseresources.com.au 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 1, 50 Kings Park Road West Perth, Western Australia, 6005 Email: info@baseresources.com.au Phone: +61 (0)8 9413 7400 Fax: +61 (0)8 9322 8912 NOMINATED ADVISOR RFC Ambrian Limited Stephen Allen Phone: +61 (0)8 9480 2500 BROKER Berenberg Matthew Armitt / Detlir Elezi Phone: +44 20 3207 7800 END
(END) Dow Jones Newswires
August 27, 2020 02:00 ET (06:00 GMT)
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