AIM and Media Release
9 October 2020
BASE RESOURCES LIMITED
Notice of change of Significant Shareholder
Base Resources Limited (ASX & AIM: BSE) (Base
Resources or the Company) advises that it has today
received notification from Credit Suisse Holdings (Australia) Limited on behalf of Credit Suisse
Group AG and its affiliates (Credit Suisse) that, on
6 October 2020, Credit Suisse had
reduced their voting power in Base Resources by 8,936,906 ordinary
shares.
Base Resources understands that, as at 6
October 2020, Credit Suisse had a relevant interest in
50,055,650 ordinary shares, representing 4.25% of the total Base
Resources ordinary shares on issue and constituting a significant
shareholding for the purposes of the AIM Rules for Companies on
that date.
The decrease in Credit Suisse’s relevant interest was the net
result of the disposal and acquisition of Base Resources ordinary
shares, and the return of ordinary shares under prime brokerage
agreements, since 29 September
2020.
Credit Suisse disposed of 45,659 ordinary shares for an average
price of A$0.248 per share between
29 September 2020 and 6 October 2020 (excluding any shares returned
pursuant to a prime brokerage agreement). During the same
period, it acquired 159,750 ordinary shares for average price of
A$0.249 per share.
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
Stephen Allen
Phone: +61 (0)8 9480 2500
BROKER
Berenberg
Matthew Armitt / Detlir Elezi
Phone: +44 20 3207 7800