AIM and Media Release
13 May 2019
BASE RESOURCES LIMITED
Change of interests of PDMR
Base Resources Limited (ASX & AIM: BSE) (Base
Resources or the Company) advises that the Trustee of
the Base Resources Long Term Incentive Plan (LTIP) has sold
634,018 Base Resources ordinary shares at the weighted average
price of A$0.2625 per share on
behalf of Australian tax resident LTIP participants during the
period of 2 to 10 May 2019.
The proceeds of the sales will principally contribute to
individual’s Australian income tax obligations associated with
prior years’ vesting of performance rights issued under the
LTIP. The share sales have been deferred from the time of
vesting to ensure the sales occur outside the prohibited periods
specified in the Company’s Securities Trading Policy.
Following the sale of shares by the Trustee, outlined below are
the updated shareholding details for those LTIP participants
classified as “persons discharging managerial responsibilities”
(PDMR) for the purposes of the Market Abuse Regulation
(EU).
| Name |
Total
holding of shares
(direct and indirect) |
| Tim Carstens
(Managing Director) |
9,453,265 |
| Colin Bwye
(Executive Director) |
9,945,491 |
| Kevin Balloch |
3,349,063 |
| Andre Greyling |
4,410,635 |
| Stephen Hay |
3,529,139 |
| Chadwick Poletti |
1,571,807 |
A PDF version 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 Relations |
UK Media 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
Andrew Thomson / Stephen Allen
Phone: +61 (0)8 9480 2500
JOINT BROKER
Berenberg
Matthew Armitt / Detlir Elezi
Phone: +44 20 3207 7800
JOINT BROKER
Numis Securities Limited
John Prior / James Black / Paul
Gillam
Phone: +44 20 7260 1000