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BASE RESOURCES LIMITED (BSE)

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Thursday 13 January, 2022

BASE RESOURCES LIMITED

Forfeiture of performance rights

AIM and Media Release 

13 January 2022

BASE RESOURCES LIMITED
Forfeiture of performance rights

African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that 420,864 performance rights granted under the Base Resources Long Term Incentive Plan (LTIP) held by one or more former employees have been forfeited.  The forfeiture occurred in accordance with the LTIP following the cessation of employment other than for a “Qualifying Reason” (as that term is defined in the LTIP).

Following the forfeiture, Base Resources has the following securities on issue:

  • 1,178,011,850 fully paid ordinary shares;
  • 76,570,331 performance rights issued under the LTIP, comprising:
    • 8,149,202 vested performance rights, which remain subject to exercise; and
    • 68,421,129 unvested performance rights subject to performance testing in accordance with their terms of issue.

ENDS.

For further information contact:

James Fuller, Manager Communications and Investor Relations UK Media Relations
Base Resources Tavistock Communications
Tel: +61 (0)8 9413 7426 Jos Simson and Gareth Tredway
Mobile: +61 (0) 488 093 763 Tel: +44 (0) 207 920 3150
Email: [email protected] 

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:  [email protected]
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 (0) 203 207 7800

JOINT BROKER
Canaccord Genuity

Raj Khatri / James Asensio / Patrick Dolaghan
Phone: +44 (0) 207 523 8000
 


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