AIM and Media Release
10 November 2020
BASE RESOURCES LIMITED
Notice of change of Significant Shareholder
Base Resources Limited (ASX & AIM: BSE) (Base
Resources) 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 5 November
2020, Credit Suisse reduced their voting power in Base
Resources by 3,193,163 ordinary shares.
Base Resources understands that, as at 5
November 2020, Credit Suisse had a relevant interest in
55,969,235 ordinary shares, representing 4.75% 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 ordinary shares since
22 October 2020.
Credit Suisse disposed of a total of 3,234,799 shares for an
average price of A$0.244 per share
between 22 October 2020 and 5
November 2020. It acquired 41,636 shares for an average price
of A$0.242 per share between
26 October 2020 and 5 November 2020.
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:
| 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