AIM and Media Release 

25 March 2021

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, as at 22 March 2021, Credit Suisse had voting power in 64,380,484 ordinary shares in Base Resources, representing 5.47% 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.

Credit Suisse’s interest in 64,380,484 ordinary shares was held as follows:

Holder of interest Nature of interest Registered holder of shares Number of ordinary shares
Credit Suisse Equities (Australia) Limited (ACN 068 232 708) Voting rights and right to dispose CS Fourth Nominees Pty Limited (ACN 069 126 432) 35,225,483
Credit Suisse AG, Dublin Branch Holder of securities subject to an obligation to return under securities lending agreement CS Third Nominees Pty Limited (ACN 007 053 849) 29,155,000
Credit Suisse Securities (Europe) Limited (ARBN
Voting rights and right to dispose CS Third Nominees Pty Limited (ACN 007 053 849) 1

Credit Suisse acquired 1,866,204 shares for an average price of A$0.306 per share between 23 November 2020 and 18 March 2021 (excluding any securities borrowed pursuant to a securities lending agreement).  It disposed of 1,013,649 shares for an average price of A$0.307 per share between 23 November 2020 and 22 March 2021 (excluding any shares returned pursuant to a securities lending agreement).  

A copy of the notice referred to in this release is available from the Company’s website:


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 Gareth Tredway
Mobile: +61 (0) 488 093 763 Tel: +44 (0) 207 920 3150

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

Level 1, 50 Kings Park Road
West Perth, Western Australia, 6005
Phone: +61 (0)8 9413 7400
Fax: +61 (0)8 9322 8912

RFC Ambrian Limited

Stephen Allen
Phone: +61 (0)8 9480 2500


Matthew Armitt / Detlir Elezi
Phone: +44 20 3207 7800

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