Base Resources Limited Notice of change of Significant Shareholder

 
TIDMBSE 
 
AIM and Media Release 
 
3 March 2020 
 
BASE RESOURCES LIMITED 
Notice of change of Significant Shareholder 
 
Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has 
today received notification from Bank of America Corporation that it and its 
related bodies corporate (Bank of America) have increased their voting power in 
Base Resources to 90,789,102 ordinary shares, representing 7.75% of the total 
Base Resources ordinary shares on issue and constituting a significant 
shareholding for the purposes of the AIM Rules for Companies. 
 
Bank of America's interest in 90,789,102 ordinary shares is held as follows: 
 
Holder of interest   Nature of interest   Registered holder of Number of ordinary 
                                          shares               shares 
 
Merrill Lynch        Power to control     Merrill Lynch             60,626,629 
(Australia) Futures  voting and/or        (Australia) Nominees 
Ltd                  disposal of          Pty Ltd 
                     securities in its 
                     capacity as ultimate 
                     beneficial owner 
                     having a principal 
                     position. 
 
Merrill Lynch        Borrowing of         Merrill Lynch             30,162,473 
International        securities pursuant  (Australia) Nominees 
(Australia) Ltd      to a Prime Brokerage Pty Ltd 
                     Agreement, with 
                     power to control the 
                     voting and/or 
                     disposal of borrowed 
                     securities. 
 
The increase in Bank of America's holding for the purposes of the AIM Rules for 
Companies was the net result of the borrowing and return of ordinary shares 
pursuant to prime brokerage agreements, and the result of the acquisition of 
ordinary shares, in each case, on and from 26 February 2020. 
 
Bank of America acquired 20,006,417 shares for an average price of A$0.190 per 
share between 26 February 2020 and 28 February 2020 (excluding any securities 
borrowed pursuant to a prime brokerage agreement).  Other than by the return of 
securities pursuant to a prime brokerage agreement, Bank of America did not 
otherwise dispose of any securities from 26 February 2020 and 28 February 2020. 
 
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: 
 
James Fuller, Manager Communications and Investor  UK Media Relations 
Relations 
 
Base Resources                                     Tavistock Communications 
 
Tel: [phone]                             Jos Simson and Barnaby Hayward 
 
Mobile: [phone]                        Tel: [phone] 
 
Email: [e-mail] 
 
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:  [e-mail] 
Phone: [phone] 
Fax: [phone] 
 
NOMINATED ADVISOR 
RFC Ambrian Limited 
Stephen Allen 
Phone: [phone] 
 
JOINT BROKER 
Berenberg 
Matthew Armitt / Detlir Elezi 
Phone: [phone] 
 
JOINT BROKER 
Numis Securities Limited 
John Prior / James Black / Paul Gillam 
Phone: [phone] 
 
 
 
END 
 

(END) Dow Jones Newswires

March 03, 2020 04:40 ET (09:40 GMT)