Base Resources Limited Results of the 2020 Annual General Meeting

 
TIDMBSE 
 
AIM and Media Release 
 
20 November 2020 
 
BASE RESOURCES LIMITED 
Results of the 2020 Annual General Meeting 
 
African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) (Base 
Resources) advises that all resolutions set out in the Notice of Annual General 
Meeting released to ASX on 19 October 2020 and put to Base Resources 
shareholders at today's meeting were carried. 
 
All resolutions were decided by poll.  The table below details the number of 
votes cast on the poll for each resolution, as well as the percentage of votes 
cast 'For' and 'Against'. 
 
Item  Resolution                                   Vote                                                        Number               Percentage (%) 
 
1     Adoption of Remuneration Report              For                                                    874,502,786                        99.93 
 
                                                   Against                                                    623,517                         0.07 
 
                                                   Abstain                                                  1,278,995                          N/A 
 
2     Re-election of Mr Michael Stirzaker as a     For                                                    899,853,730                        99.92 
      Director 
                                                   Against                                                    676,700                         0.08 
 
                                                   Abstain                                                    393,512                          N/A 
 
3     Election of Ms Janine Herzig as a Director   For                                                    900,381,271                        99.98 
 
                                                   Against                                                    137,555                         0.02 
 
                                                   Abstain                                                    405,116                          N/A 
 
4     Approval of the grant of Performance Rights  For                                                    885,430,833                        99.89 
      to Mr Tim Carstens 
                                                   Against                                                    981,952                         0.11 
 
                                                   Abstain                                                  7,674,333                          N/A 
 
5     Approval of the grant of Performance Rights  For                                                    885,430,833                        99.89 
      to Mr Colin Bwye 
                                                   Against                                                    981,952                         0.11 
 
                                                   Abstain                                                  7,674,333                          N/A 
 
6     Renewal of Proportional Takeover Provisions  For                                                    900,225,852                        99.98 
 
                                                   Against                                                    209,794                         0.02 
 
                                                   Abstain                                                    488,296                          N/A 
 
As previously announced, independent non-executive Director, Mr Sam Willis, 
retired from the Board following today's Annual General Meeting.  Mr Willis 
currently holds 350,000 fully paid ordinary shares in Base Resources. 
 
The further information required by section 251AA(2) of the Corporations Act 
2001 (Cth) is set out in the table below. 
 
   Resolution details       Instructions given to validly appointed     Number of votes cast on the    Resolution 
                                            proxies                                poll                  Result 
                                      (as at proxy close)                   (where applicable) 
 
  Resolution   Resolution       For     Against  Proxy's    Abstain        For     Against Abstain*    Carried / 
                  Type                          Discretion                                                Not 
                                                                                                        Carried 
 
(1) Adoption    Ordinary    863,848,542 623,517   73,634   1,278,995   874,502,786 623,517 1,278,995    Carried 
of the 
Remuneration 
Report                        99.93%     0.07%    0.00%                  99.93%     0.07% 
 
 
(2)             Ordinary    881,308,038 676,700   73,634    393,512    899,853,730 676,700  393,512     Carried 
Re-election of 
Mr Michael 
Stirzaker as a                99.92%     0.08%    0.00%                  99.92%     0.08% 
Director 
 
(3) Election    Ordinary    881,835,579 137,555   73,634    405,116    900,381,271 137,555  405,116     Carried 
of Ms Janine 
Herzig as a 
Director                      99.98%     0.02%    0.00%                  99.98%     0.02% 
 
 
(4) Approval    Ordinary    873,721,965 981,952   73,634   7,674,333   885,430,833 981,952 7,674,333    Carried 
of the grant 
of Performance 
Rights to Mr                  99.89%     0.11%    0.00%                  99.89%     0.11% 
Tim Carstens 
 
(5) Approval    Ordinary    873,721,965 981,952   73,634   7,674,333   885,430,833 981,952 7,674,333    Carried 
of the grant 
of Performance 
Rights to Mr                  99.89%     0.11%    0.00%                  99.89%     0.11% 
Colin Bwye 
 
(6) Renewal of  Special     881,680,160 209,794   73,634    488,296    900,225,852 209,794  488,296     Carried 
Proportional 
Takeover 
Provisions                    99.98%     0.02%    0.00%                  99.98%     0.02% 
 
 
* Votes cast by a person who abstains on an item are not counted in calculating 
the required majority on a poll. 
 
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] 
 
BROKER 
Berenberg 
Matthew Armitt / Detlir Elezi 
Phone: [phone] 
 
 
 
 
END 
 

(END) Dow Jones Newswires

November 20, 2020 03:37 ET (08:37 GMT)