ASX, AIM and Media Release 22 January 2018
Shares issued under Retail Entitlement Offer
Base Resources Limited (ASX & AIM: BSE) (Base Resources) is pleased to advise the completion of the retail component (Retail Entitlement Offer) of the 1 for 3 accelerated renounceable pro rata entitlement offer announced on Tuesday, 19 December 2017 (Entitlement Offer).
Base Resources has today issued 30,306,450 new fully paid ordinary shares (New Shares) pursuant to the Retail Entitlement Offer, raising gross proceeds of approximately A$7.7 million. These New Shares rank equally in all regards with existing Base Resources ordinary shares and are to commence trading on ASX tomorrow. The New Shares are expected to be admitted to trading on AIM on or around 24 January 2018.
Base Resources raised total gross proceeds of approximately A$97 million pursuant to the institutional placement and institutional and retail components of the Entitlement Offer.
The Retail Entitlement Offer was well supported by the Base Resources Board and management. Set out below are updated shareholding details for those persons classified as "persons discharging managerial responsibilities" for the purposes of the Market Abuse Regulation (EU).
Name | New Shares subscribed for | Total holding of shares (direct and indirect) |
Directors | ||
Keith Spence (Non-Executive Chairman) | 166,667 | 666,667 |
Tim Carstens (Managing Director) | 536,992 | 2,655,640 |
Colin Bwye (Executive Director) | 430,000 | 3,158,865 |
Sam Willis (Non-Executive Director) | 66,667 | 266,667 |
Management | ||
Kevin Balloch | 155,190 | 620,759 |
Colin Forbes | 182,067 | 758,302 |
Andre Greyling | 488,021 | 1,952,081 |
Stephen Hay | 132,459 | 529,837 |
Chadwick Poletti | 37,957 | 171,947 |
Denham Vickers | 63,584 | 651,392 |
The issued capital of Base Resources following the issue of the New Shares is:
• 1,127,575,014 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 Base Resources Long Term Incentive Plan.
Attached is an updated ASX Appendix 3B, and Appendix 3Ys, reflecting the above information.
ENDS.
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CORPORATE PROFILE
Base Resources Limited ABN 88 125 546 910
DIRECTORS
Keith Spence | Non-Executive Chairman | Sam Willis |
Tim Carstens | Managing Director | Michael Stirzaker |
Colin Bwye | Executive Director | Malcolm Macpherson |
COMPANY SECRETARY | ||
Chadwick Poletti |
Non-Executive Director Non-Executive Director Non-Executive Director
NOMINATED ADVISOR & BROKERS
Nominated Advisor:
RFC Ambrian Limited
Andrew Thomson / Stephen Allen Phone: +61 (0)8 9480 2500
Joint Brokers:
RFC Ambrian Limited Jonathan Williams Phone: +44 20 3440 6800 Numis Securities Limited
John Prior / James Black / Paul Gillam Phone: +44 (0)20 7260 1000
SHARE REGISTRY
ASX
Computershare Investor Services Pty Limited Level 11, 172 St Georges Terrace
PERTH WA 6000
Enquiries: 1300 850 505 / +61 (3)9415 4000www.computershare.com.au
AIM
Computershare Investor Services PLC The Pavilions
Bridgwater Road BRISTOL BS99 6ZZ
Enquiries: +44 (0)870 702 0003www.computershare.co.uk
AUSTRALIA MEDIA RELATIONS
Cannings Purple
Andrew Rowell
Email:arowell@canningspurple.com.auPhone: +61 (0)8 6314 6300
UK MEDIA RELATIONS
Tavistock Communications
Jos Simson / Barnaby Hayward Phone: +44 (0)207 920 3150
KENYA MEDIA RELATIONS
Africapractice (East Africa) Evelyn Njoroge / Joan Kimani Phone: +254 (0)20 239 6899 Email:jkimani@africapractice.com
PRINCIPAL & REGISTERED OFFICE
Level 1, 50 Kings Park Road
West Perth WA 6005
Email:info@baseresources.com.auPhone: +61 (0)8 9413 7400
Fax: +61 (0)8 9322 8912
Base Resources Limited published this content on 22 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 January 2018 03:29:04 UTC.
Original documenthttp://www.baseresources.com.au/download/519/
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