BSE Base Resources Limited

 
TIDMBSE 
 
AIM and Media Release 
 
26 November 2021 
 
BASE RESOURCES LIMITED 
Results of 2021 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 27 October 2021 and put to Base Resources 
shareholders at today's meeting were carried. 
 
All resolutions were decided by poll.  Further details, including the number of 
votes cast on the poll for each resolution and the percentage of votes cast 
'For' and 'Against', are at the end of this announcement. 
 
As previously announced, Independent Non-Executive Chair, Mr Keith Spence, 
retired from the Board following the Annual General Meeting, with Independent 
Non-Executive Director, Mr Michael Stirzaker, taking over as Chair.  Mr Spence 
currently holds 666,667 fully paid ordinary shares in Base Resources. 
 
Following his election by members at the meeting, Mr Scot Richard Sobey (46 
years old) joins the Board as a Non-Executive Director and the representative 
of major shareholder, Pacific Road. 
 
Following these changes and Ms Diane Radley's re-election at today's meeting, 
the Board of Base Resources comprises: 
 
Mr Michael Stirzaker                         Independent Non-Executive Chair 
 
Mr Tim Carstens                              Managing Director 
 
Mr Colin Bwye                                Executive Director - Operations and 
                                             Development 
 
Mr Malcolm Macpherson                        Independent Non-Executive Director 
 
Ms Diane Radley                              Independent Non-Executive Director 
 
Ms Janine Herzig                             Independent Non-Executive Director 
 
Mr Scot Sobey                                Non-Executive Director 
 
For the purposes of complying with the AIM Rules for Companies in relation to 
Mr Sobey's election, Base Resources advises that Mr Sobey has held the 
following positions where he was acting in the capacity of a director or 
partner in the past five years: 
 
  * Current directorships or partnerships - Pelkbuck (Pty) Ltd. 
  * Previous directorships or partnerships - Eferton Services (Pty) Ltd 
 
Mr Sobey holds no relevant interest in the Company's ordinary share capital. 
There is no other information in relation to Mr Sobey that requires disclosure 
pursuant to the AIM Rules for Companies. 
 
        Resolution details               Instructions given to validly appointed        Number of votes cast on the poll       Resolution 
                                                         proxies                               (where applicable)                Result 
                                                   (as at proxy close) 
 
      Resolution        Resolution        For       Against    Proxy's    Abstain          For       Against    Abstain*      Carried / 
                           Type                               Discretion                                                     Not Carried 
 
1 Adoption of the        Ordinary     755,789,290   344,907    358,197   1,545,529     759,615,231   344,907   1,545,529       Carried 
Remuneration Report 
                                        99.90%       0.05%      0.05%                    99.95%       0.05% 
 
2 Re-election of Ms      Ordinary     770,067,141  2,092,105   358,197     7,000       774,734,484  2,092,105    7,000         Carried 
Diane Radley as a 
Director                                99.68%       0.27%      0.05%                    99.73%       0.27% 
 
3 Election of Mr Scot    Ordinary     761,970,235 10,186,921   358,197     9,090       766,637,578 10,186,921    9,090         Carried 
Sobey as a Director 
                                        98.63%       1.32%      0.05%                    98.69%       1.31% 
 
4 Approval of the grant  Ordinary     757,019,864   506,185   4,552,163  3,246,993     765,838,897   506,185   3,246,993       Carried 
of Performance Rights 
to Mr Tim Carstens                      99.33%       0.07%      0.60%                    99.93%       0.07% 
 
5 Approval of revised    Ordinary     744,854,578   614,078   2,703,523  15,092,286    751,692,512   614,078   15,092,286      Carried 
Base Resources Long 
Term Incentive Plan                     99.56%       0.08%      0.36%                    99.92%       0.08% 
 
6 Approval of proposed   Special      638,687,523 133,165,244  358,197    313,479      643,340,809 133,165,244  327,536        Carried 
amendments to 
Constitution                            82.71%      17.24%      0.05%                    82.85%      17.15% 
 
 
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 Gareth Tredway 
 
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 3, 46 Colin Street 
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 
 
JOINT BROKER 
Berenberg 
Matthew Armitt / Detlir Elezi 
Phone: +44 20 3207 7800 
 
JOINT BROKER 
Canaccord Genuity 
Raj Khatri / James Asensio / Patrick Dolaghan 
Phone: +44 20 7523 8000 
 
 
 
 
END 
 
 

(END) Dow Jones Newswires

November 26, 2021 02:18 ET (07:18 GMT)

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