BASE RESOURCES LIMITED - Notice of change of Substantial Shareholder
PR Newswire
London, February 7
AIM and Media Release
7 February 2020
BASE RESOURCES LIMITED
Notice of change of Substantial Shareholder
Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has today received notification from substantial shareholder Sustainable Capital Ltd (Sustainable) that it has increased its relevant interest in Base Resources to 260,732,274 ordinary shares, representing 22.25% of the total Base Resources ordinary shares on issue.
Consideration given to acquire the increased relevant interest referred to above between 25 June 2019 and 7 February 2020 was a weighted average of A$0.247 per share for 38,544,567 shares.
Sustainable's interest in 260,732,274 Base Resources ordinary shares is held as follows:
| Holder of relevant interest | Registered holder of shares | Number of ordinary shares |
| Sustainable Capital Ltd | HSBC Fund Services | 260,732,274 |
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
JOINT BROKER
Berenberg
Matthew Armitt / Detlir Elezi
Phone: +44 20 3207 7800
JOINT BROKER
Numis Securities Limited
John Prior / James Black / Paul Gillam
Phone: +44 20 7260 1000
