AIM and Media Release
20 November 2020
BASE RESOURCES
LIMITED
Results of the 2020 Annual General Meeting
African mineral sands producer, Base Resources Limited
(ASX & AIM: BSE) (Base Resources) advises that all
resolutions set out in the Notice of Annual General Meeting
released to ASX on 19 October 2020
and put to Base Resources shareholders at today’s meeting were
carried.
All resolutions were decided by poll. The table below
details the number of votes cast on the poll for each resolution,
as well as the percentage of votes cast ‘For’ and
‘Against’.
| Item |
Resolution |
Vote |
Number |
Percentage (%) |
|
1 |
Adoption
of Remuneration Report |
For |
874,502,786 |
99.93 |
|
Against |
623,517 |
0.07 |
|
Abstain |
1,278,995 |
N/A |
|
2 |
Re-election of Mr Michael Stirzaker as a Director |
For |
899,853,730 |
99.92 |
|
Against |
676,700 |
0.08 |
|
Abstain |
393,512 |
N/A |
|
3 |
Election
of Ms Janine Herzig as a Director |
For |
900,381,271 |
99.98 |
|
Against |
137,555 |
0.02 |
|
Abstain |
405,116 |
N/A |
|
4 |
Approval
of the grant of Performance Rights to Mr Tim Carstens |
For |
885,430,833 |
99.89 |
|
Against |
981,952 |
0.11 |
|
Abstain |
7,674,333 |
N/A |
|
5 |
Approval
of the grant of Performance Rights to Mr Colin Bwye |
For |
885,430,833 |
99.89 |
|
Against |
981,952 |
0.11 |
|
Abstain |
7,674,333 |
N/A |
|
6 |
Renewal of
Proportional Takeover Provisions |
For |
900,225,852 |
99.98 |
|
Against |
209,794 |
0.02 |
|
Abstain |
488,296 |
N/A |
As previously announced, independent non-executive Director, Mr
Sam Willis, retired from the Board
following today’s Annual General Meeting. Mr Willis currently
holds 350,000 fully paid ordinary shares in Base Resources.
The further information required by section 251AA(2) of the
Corporations Act 2001 (Cth) is set out in the table
below.
| Resolution details |
|
Instructions given to validly appointed proxies
(as at proxy close) |
|
Number of votes cast on the poll
(where applicable) |
|
Resolution Result |
|
Resolution |
Resolution Type |
|
For |
Against |
Proxy's
Discretion |
Abstain |
|
For |
Against |
Abstain* |
|
Carried /
Not Carried |
| (1) Adoption of the Remuneration Report |
Ordinary |
|
863,848,542 |
623,517 |
73,634 |
1,278,995 |
|
874,502,786 |
623,517 |
1,278,995 |
|
Carried |
|
99.93% |
0.07% |
0.00% |
|
|
99.93% |
0.07% |
|
|
| (2)
Re-election of Mr Michael Stirzaker as a Director |
Ordinary |
|
881,308,038 |
676,700 |
73,634 |
393,512 |
|
899,853,730 |
676,700 |
393,512 |
|
Carried |
|
99.92% |
0.08% |
0.00% |
|
|
99.92% |
0.08% |
|
|
| (3)
Election of Ms Janine Herzig as a Director |
Ordinary |
|
881,835,579 |
137,555 |
73,634 |
405,116 |
|
900,381,271 |
137,555 |
405,116 |
|
Carried |
|
99.98% |
0.02% |
0.00% |
|
|
99.98% |
0.02% |
|
|
| (4)
Approval of the grant of Performance Rights to Mr Tim Carstens |
Ordinary |
|
873,721,965 |
981,952 |
73,634 |
7,674,333 |
|
885,430,833 |
981,952 |
7,674,333 |
|
Carried |
|
99.89% |
0.11% |
0.00% |
|
|
99.89% |
0.11% |
|
|
| (5)
Approval of the grant of Performance Rights to Mr Colin Bwye |
Ordinary |
|
873,721,965 |
981,952 |
73,634 |
7,674,333 |
|
885,430,833 |
981,952 |
7,674,333 |
|
Carried |
|
99.89% |
0.11% |
0.00% |
|
|
99.89% |
0.11% |
|
|
| (6)
Renewal of Proportional Takeover Provisions |
Special |
|
881,680,160 |
209,794 |
73,634 |
488,296 |
|
900,225,852 |
209,794 |
488,296 |
|
Carried |
|
99.98% |
0.02% |
0.00% |
|
|
99.98% |
0.02% |
|
|
* Votes cast by a person who abstains on an item are not counted
in calculating the required majority on a poll.
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