AIM and Media Release
28 May 2024
Base Resources Limited
Notice of change of significant shareholder
Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has
today received notification from First Sentier Investors Holdings Pty Limited
and certain of its related bodies corporate and associates (First Sentier)
that, as at 24 May 2024, First Sentier had voting power in 87,021,878 ordinary
shares in Base Resources, representing 7.39% of the total Base Resources
ordinary shares in issue. This constitutes a significant shareholding for
the purposes of the AIM Rules for Companies.
First Sentier's interest in 87,021,878 ordinary shares was held as follows:
Holder of relevant interest Registered holder of shares Nature of relevant interest Number of ordinary shares
First Sentier Investors RQI Pty Ltd Citibank N A Hong Kong Relevant interest under paragraph 608(1)(b) and/or 608(1)(c) of the Corporations Act 2001 (Cth), being a relevant interest 37,742,305
arising from having the power to control the exercise of the right to vote attached to securities and/or to control the exercise
of the power to dispose of securities in its capacity as investment manager, as provided for under its investment mandates. In
addition, if any OTC derivatives, warrants or other securities (other than ordinary shares or ordinary units (as applicable))
are referred to below in this row, the relevant interest in respect of those securities arises under subsection 608(8) being an
accelerated relevant interest held in the same capacity.
First Sentier Investors RQI Pty Ltd JP MORGAN CHASE 2,956,406
First Sentier Investors RQI Pty Ltd National Australian bank 12,179,876
Mitsubishi UFJ Financial Group Mitsubishi UFJ Financial Group Mitsubishi UFJ Financial Group Inc. (MUFG) owns 100% of First Sentier Investors Holdings Pty Limited (indirectly) and has 34,143,291
informed First Sentier Investors Holdings Pty Limited that it has a relevant interest in the shares noted in this column.
Accordingly, First Sentier Investors Holdings Pty Limited has a relevant interest or voting power in those shares pursuant to
section 608(3) or section 12(2)(a) of the Corporations Act (as relevant). MUFG has not provided any further details of that
relevant interest - accordingly no transaction information is recorded in Appendix B or holder information is recorded in
Section 4, in case in the full copy of notice available from the company's website (refer below for the address). Reference is
made to any subsequent filing of MUFG which will reflect this interest.
Since 16 February 2024, First Sentier acquired 13,515,976 ordinary shares for
an average price of A$0.236 per share. It did not dispose of any shares
during this period.
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
Morrow Sodali Tavistock Communications
Cameron Gilenko and Michael Weir Jos Simson and Gareth Tredway
Tel: +61 8 6160 4900 Tel: +44 207 920 3150
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 8 9413 7400
Fax: +61 8 9322 8912
NOMINATED ADVISER & JOINT BROKER
Canaccord Genuity Limited
James Asensio / Raj Khatri / George Grainger
Phone: +44 20 7523 8000
JOINT BROKER
Berenberg
Matthew Armitt / Detlir Elezi
Phone: +44 20 3207 7800
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