Base Resources Limited - Notice of change of interests by Substantial Shareholder
PR Newswire
LONDON, United Kingdom, May 15
AIM and Media Release
15 May 2024
Base Resources Limited
Notice of change of interests by Substantial Shareholder
Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has received notification from Sustainable Capital Limited (Sustainable Capital) that it reduced its voting power in Base Resources from 290,537,049 ordinary shares to 277,931,128 ordinary shares representing 23.59% of the total Base Resources ordinary shares in issue. This constitutes a substantial shareholding for the purposes of the AIM Rules for Companies.
Sustainable Capital's interest in 277,931,128 ordinary shares is held as follows:
| Holder of interest | Registered holder of shares | Person entitled to be registered as holder | Number of ordinary shares |
| Sustainable Capital Limited | HSBC-FUND SERVICES CLIENT A/C 006 | HSBC BANK AUSTRALIA LIMITED | 277,931,128 |
The decrease in Sustainable Capital's holding for the purposes of the AIM Rules for Companies was the net result of the disposal and acquisition of ordinary shares during the period from 13 June 2023 to 15 May 2024.
During this period, Sustainable Capital sold 14,103,738 shares for an average price of A$0.253 per share and acquired 1,497,817 shares for an average price of A$0.175.
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:
| Australian Media Relations | UK Media Relations |
| Morrow Sodali | 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
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
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
