BASE RESOURCES LIMITED - Initial notice of Significant Shareholder
PR Newswire
London, May 19
AIM and Media Release
19 May 2022
BASE RESOURCES LIMITED
Initial notice of Significant Shareholder
Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has today received notification from Bank of America Corporation and its related bodies corporate (Bank of America) that, as at 17 May 2022, Bank of America had increased their voting power in Base Resources to 63,419,268 ordinary shares, representing 5.38% of the total Base Resources ordinary shares on issue and constituting a significant shareholding for the purposes of the AIM Rules for Companies.
Bank of America's interest in 63,419,268 ordinary shares is held as follows:
| Holder of interest | Nature of interest | Registered holder of shares | Number of ordinary shares |
| Merrill Lynch (Australia) Futures Limited | Power to control voting and/or disposal of securities in its capacity as ultimate beneficial owner having a principal position. | Merrill Lynch (Australia) Nominees Pty Ltd | 19,418,918 |
| Merrill Lynch Markets (Australia) Pty. Limited | Borrowing of securities pursuant to a Prime Brokerage Agreement, with power to control the voting and/or disposal of borrowed securities. | Merrill Lynch (Australia) Nominees Pty Ltd | 44,000,350 |
The increase in Bank of America's holding for the purposes of the AIM Rules for Companies was the net result of the acquisition and disposal of ordinary shares, in each case, on and from 18 January 2022. We understand that Bank of America:
- acquired 12,317,889 shares for an average price of A$0.316 per share between 18 January 2022 and 17 May 2022 (excluding any shares borrowed pursuant to a prime brokerage agreement); and
- disposed of 13,922,629 shares for an average price of A$0.317 per share between 25 January 2022 and 17 May 2022 (excluding any shares returned pursuant to a prime brokerage agreement).
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 Gareth Tredway |
| 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 3, 46 Colin Street
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
Canaccord Genuity
Raj Khatri / James Asensio / Patrick Dolaghan
Phone: +44 20 7523 8000
