Base Resources Limited Results of 2023 Annual General Meeting
November 24 2023 - 1:00AM
UK Regulatory
TIDMBSE
AIM and Media Release
24 November 2023
Base Resources Limited
Results of 2023 Annual General Meeting
Base Resources Limited (ASX & AIM: BSE) (Base Resources or the Company) advises
that the results of the resolutions put to Base Resources shareholders at
today's meeting are set out in the table below.
All resolutions put to the meeting were decided by poll and were carried, other
than items 1 and 5 which were not carried.
Items 1 and 5 both concerned remuneration-related matters, with item 1 seeking
adoption of the Company's remuneration report for the 2023 financial year. As
25% or more of the votes cast on item 1 were against the resolution, this
constitutes a `first strike' for the purposes of the Corporations Act 2001
(Cth).
The Board will seek to further engage with shareholders to understand their
rationale for voting against these remuneration related items. In the event
that their voting decisions were driven by concerns with Base Resources'
remuneration policy and practices, the Board will take these matters into
account as part of its consideration of the Company's future remuneration policy
and practices.
+------------+----------+-----------+-----------+----------+-----------+--------
---+-----------+-----------+----------+
|Resolution |Instructions |Number
of |Resolution|
|details |given to |votes
cast | |
| |validly |on the
poll |Result |
| |appointed |
| |
| |proxies |(where
| |
| |
|applicable) | |
| |(as at proxy |
| |
| |close) |
| |
+------------+----------+-----------+-----------+----------+-----------+--------
---+-----------+-----------+----------+
|Resolution |Resolution|For |Against |Proxy's |Abstain |For
|Against |Abstain1 |Carried / |
| | | | | | |
| | | |
| |Type | | |Discretion| |
| | |Not |
| | | | | | |
| | |Carried |
+------------+----------+-----------+-----------+----------+-----------+--------
---+-----------+-----------+----------+
|Item 1 |Ordinary |195,355,406|605,692,843|290,555 |88,514
|199,193,020|607,597,503|853,514 | Not |
|Adoption | | | | | |
| | |Carried |
|of the | |24.37% |75.59% |0.04% | |24.69%
|75.31% | | |
|Remuneration| | | | | |
| | | |
|Report | | | | | |
| | | |
+------------+----------+-----------+-----------+----------+-----------+--------
---+-----------+-----------+----------+
|Item 2 Re |Ordinary |502,122,708|1,229,016 |423,889
|312,445,703|520,075,292|2,929,016 |312,445,703|Carried |
|-election of| | | | | |
| | | |
|Mr | |99.67% |0.24% |0.09% | |99.44%
|0.56% | | |
|Michael | | | | | |
| | | |
|Stirzaker as| | | | | |
| | | |
|a | | | | | |
| | | |
|Director | | | | | |
| | | |
+------------+----------+-----------+-----------+----------+-----------+--------
---+-----------+-----------+----------+
|Item 3 Re |Ordinary |Item
|
|-election of| |withdrawn.
|
|Mr | |Director did
|
|Malcolm | |not seek re
|
|Macpherson | |-election.
|
|as a | |
|
|Director2 | |
|
+------------+----------+-----------+-----------+----------+-----------+--------
---+-----------+-----------+----------+
|Item 4 |Ordinary |814,797,446|1,097,457 |317,489 |8,924
|832,628,630|2,797,457 |23,924 |Carried |
|Election | | | | | |
| | | |
|of Ms Sheila| |99.83% |0.13% |0.04% | |99.67%
|0.33% | | |
|Khama | | | | | |
| | | |
|as a | | | | | |
| | | |
|Director | | | | | |
| | | |
+------------+----------+-----------+-----------+----------+-----------+--------
---+-----------+-----------+----------+
|Item 5 |Ordinary |196,582,803|322,541,872|272,389
|296,824,252|204,970,394|325,212,532|305,267,085| Not |
|Approval | | | | | |
| | |Carried |
|of the Grant| |37.84% |62.10% |0.06% | |38.66%
|61.34% | | |
|of | | | | | |
| | | |
|Performance | | | | | |
| | | |
|Rights to Mr| | | | | |
| | | |
|Tim | | | | | |
| | | |
|Carstens | | | | | |
| | | |
+------------+----------+-----------+-----------+----------+-----------+--------
---+-----------+-----------+----------+
Note (1): Votes cast by a person who abstains on an item are not counted in
calculating the required majority on a poll.
Note (2): As at today's date, Mr Macpherson did not own or control any Base
Resources securities.
ENDS.
For further information contact:
+--------------------------------+-----------------------------+
|Australian Media Relations |UK Media Relations |
+--------------------------------+-----------------------------+
|Citadel Magnus |Tavistock Communications |
+--------------------------------+-----------------------------+
|Cameron Gilenko and Michael Weir|Jos Simson and Gareth Tredway|
+--------------------------------+-----------------------------+
|Tel: +61 8 6160 4900 |Tel: +44 207 920 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
www.baseresources.com.au.
PRINCIPAL & REGISTERED OFFICE
Level 3, 46 Colin Street
West Perth, Western Australia, 6005
Email: info@baseresources.com.au
Phone: +61 8 9413 7400
Fax: +61 8 9322 8912
NOMINATED ADVISER & JOINT BROKER
Canaccord Genuity Limited
James Asensio / Raj Khatri / George Grainger
Phone: +44 20 7523 8000
JOINT BROKER
Berenberg
Matthew Armitt / Detlir Elezi
Phone: +44 20 3207 7800
This information was brought to you by Cision http://news.cision.com
END
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