Base Resources Limited Change of Interest of Director
September 22 2020 - 1:00AM
UK Regulatory
TIDMBSE
AIM and Media Release
22 September 2020
BASE RESOURCES LIMITED
Change of Interest of Director
African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) (Base
Resources) advises that Executive Director - Operations & Development, Mr Colin
Bwye, sold 600,000 Base Resources ordinary shares at a weighted average price
of A$0.2974 per share on 17 September 2020.
The proceeds of the sale will principally be used to fund Mr Bwye's Australian
income tax liability arising from the exercise of his 2016 cycle vested
performance rights issued under the Base Resources Long Term Incentive Plan (
LTIP), as previously announced on 27 August 2020.
Following the sale of these shares, Mr Bwye holds 7,199,238 fully paid ordinary
shares (directly and indirectly) and 7,832,535 unvested performance rights
issued pursuant to the LTIP, which remain subject to vesting conditions.
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
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