Issue of LTIP performance rights

AIM and Media Release 

30 November 2017

BASE RESOURCES LIMITED
Issue of LTIP performance rights

Base Resources Limited (ASX & AIM: BSE) ("Base Resources") advises that on 30 November 2017 the company issued 14,226,713 performance rights to senior management pursuant to the terms of the Base Resources Long Term Incentive Plan (“LTIP”).    

The performance rights are held by (among other senior management) Base Resources’ executive Directors Tim Carstens and Colin Bwye who were each issued 2,113,056 performance rights.  The shareholdings of Mr Carstens and Mr Bwye remain unchanged.  Following the above transactions, Mr Carstens and Mr Bwye hold the following securities in Base Resources:

• Mr Carstens holds 2,118,648 fully paid ordinary shares and 10,803,429 performance rights (vesting of which is subject to satisfaction of applicable performance criteria and the terms of the LTIP).These securities are held by Mr Carstens directly and indirectly through Varadero Pty Ltd as trustee for the Sumo Superannuation Fund of which Mr Carstens is the sole beneficiary.
• Mr Bwye holds 2,728,865 fully paid ordinary shares and 10,803,429 performance rights (vesting of which is subject to satisfaction of applicable performance criteria and the terms of the LTIP).These securities are held by Mr Bwye directly and indirectly through Mrs Annette Bwye who is the spouse of Mr Bwye and by Mr Colin Bwye and Mrs Annette Bwye as trustees for the Bwye Superannuation Fund.

As at today’s date, Base Resources has the following shares, options and performance rights on issue:

• 747,193,939 fully paid ordinary shares.
• 61,425,061 options (exercise price of A$0.40, expiring 31 December 2018).
• 71,281,661 performance rights issued pursuant to the terms of the LTIP.

For further information with respect to performance rights issued in accordance with the LTIP refer to the company’s notice of 2017 annual general meeting and explanatory memorandum that is available from the company’s website:  www.baseresources.com.au.

ENDS.

CORPORATE PROFILE

Directors
Keith Spence (Non-Executive Chairman)
Tim Carstens (Managing Director)
Colin Bwye (Executive Director)
Sam Willis (Non-Executive Director)
Michael Stirzaker (Non-Executive Director)
Malcolm Macpherson (Non-Executive Director)

Company Secretary
Chadwick Poletti

NOMINATED ADVISOR & BROKERS
RFC Ambrian Limited
As Nominated Adviser:
Andrew Thomson / Stephen Allen
Phone: [phone]
As Joint Broker:
Jonathan Williams
Phone: [phone]

Numis Securities Limited
As Joint Broker:
John Prior / James Black / Paul Gillam
Phone:  [phone]

SHARE REGISTRY:  ASX
Computershare Investor Services Pty Limited
Level 11, 172 St Georges Terrace
PERTH WA 6000
Enquiries: 1300 850 505 / [phone]
www.computershare.com.au

SHARE REGISTRY:  AIM
Computershare Investor Services PLC
The Pavilions
Bridgwater Road
BRISTOL BS99 6ZZ
Enquiries: [phone]
www.computershare.co.uk

AUSTRALIAN MEDIA RELATIONS
Cannings Purple
Annette Ellis / Andrew Rowell
Email:[e-mail] /
[e-mail]
Phone: [phone]

UK MEDIA RELATIONS
Tavistock Communications
Jos Simson / Emily Fenton
Phone: [phone]

KENYA MEDIA RELATIONS
Africapractice (East Africa)
Evelyn Njoroge / Joan Kimani
Phone: [phone]
Email:[e-mail]

PRINCIPAL & REGISTERED OFFICE
Level 1, 50 Kings Park Road
West Perth, Western Australia, 6005
Email:  [e-mail]
Phone: [phone]
Fax: [phone]