Change of interests by Substantial Shareholder

Base Resources Limited

02 June 2023

 

AIM and Media Release 

2 June 2023

BASE RESOURCES LIMITED
Notice of change of interests by Substantial Shareholder

Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has received notification from Sustainable Capital Limited (Sustainable Capital) that, as at 1 June 2023, Sustainable Capital had increased its voting power in Base Resources from 277,232,274 ordinary shares to 290,537,049 ordinary shares representing 23.66% and 24.66% respectively of the total Base Resources ordinary shares in issue. This constitutes a substantial shareholding for the purposes of the AIM Rules for Companies.

Sustainable Capital's interest in 290,537,049 ordinary shares is held as follows:

Holder of interest	Registered holder of shares	Person entitled to be registered as holder	Number of ordinary shares
Sustainable Capital Limited	HSBC-FUND SERVICES CLIENT A/C 006	HSBC BANK AUSTRALIA LIMITED	290,537,049

The increase in Sustainable Capital's holding for the purposes of the AIM Rules for Companies was the net result of the acquisition and disposal of ordinary shares during the period from 6 August 2020 to 1 June 2023. 

During this period, Sustainable Capital acquired 17,632,045 shares for an average price of A$0.239 per share and sold 4,327,270 shares for an average price of A$0.316.

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:

Australian Media Relations	UK Media Relations
Citadel Magnus	Tavistock Communications
Cameron Gilenko and Michael Weir	Jos Simson and Gareth Tredway
Tel: [phone]	Tel: [phone]

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:  [e-mail]
Phone: [phone]
Fax: [phone]

NOMINATED ADVISOR & JOINT BROKER
Canaccord Genuity Limited

James Asensio / Raj Khatri / Patrick Dolaghan

Phone: [phone]

JOINT BROKER
Berenberg
Matthew Armitt / Detlir Elezi

Phone: [phone]

 

END