The following information is being provided for the purposes of Rule 26 of the AIM Rules for Companies (AIM Rules).
Last updated on 26 November 2020

Click here for Base Resources’ Schedule 1 Pre-Admission announcement
Click here for Base Resources’ AIM Admission Appendix

 

Description of Business & Board of Directors

Click here for a Company Overview
Click here for details about the Company’s Board and Senior Management

 

Responsibilities of Management and Governance

For the financial year ended 30 June 2020, Base Resources measured its governance practices against the third edition of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations (Third Edition Recommendations).

For the current financial year ending 30 June 2021 and beyond, the Company will measure its governance practices against the ASX Corporate Governance Council’s new fourth edition of their Corporate Governance Principles and Recommendations.

The Company is pleased to advise that, for the financial year ended 30 June 2020, the Company followed all of the Third Edition Recommendations.  Further details about the Company’s governance practices are set out in the 2020 Corporate Governance Statement which was included in Base Resources’ 2020 Annual Report.

Click here for Base Resources’ latest ASX Appendix 4G describing the Company’s adoption of the Third Edition Recommendations.

Click here for Base Resources’ 2020 Annual Report
Click here for Base Resources’ Corporate Governance documents, standards and policies

 

Incorporation and Country of Operation

Base Resources was incorporated in Australia on 23 May 2007 and its main country of operation is Kenya. Base Resources also owns a development asset in Madagascar.

Base Resources is not subject to the UK City Code on Takeovers and Mergers, however it is subject to the Australian Corporations Act 2001.

Click here to view the Company’s Constitution
Click here to learn more about the Company’s operations in Kenya
Click here to learn more about the Company’s operations in Madagascar

 

Rights of Shareholders

As Base Resources is not incorporated in the UK, the rights of shareholders may be different from the rights of shareholders in a UK incorporated company. Shareholders should refer to the Company’s Constitution for further details.

 

Stock Exchange Listings

Base Resources listed on the Australian Securities Exchange (ASX:BSE) on 2 October 2008 and listed on the London Stock Exchange’s Alternative Investment Market (AIM: BSE) on 8 January 2013.

 

Shares currently on issue

This information was last updated on 26 November 2020.

Shares on Issue: 1,178,011,850
Please note that no shares are held as treasury shares.
The percentage of shares not held in public hands is 64.3%

 

Significant Shareholders of the Company

As at 26 November 2020, Base Resources is aware of the following holdings of significant shareholders (as defined in the AIM Rules) of the Company.  These figures are based on notifications to the Company and its own analysis up to and including 26 November 2020.

Interest
Pacific Road Resources Fund II* 26.5%
Sustainable Capital Ltd 24.2%
Regal Funds Management Pty Limited 10.1%
FIL Limited 9.6%
UBS Group AG 5.2%
Credit Suisse Group 4.8%

*Pacific Road Resources Fund II is comprised of Pacific Road Capital Management GP II Limited (a Cayman Islands company) as general partner of Pacific Road Resources Fund II L.P. and Pacific Road Capital II Pty Limited (an Australian company) as trustee of Pacific Road Resources Fund II.

 

Performance rights on issue (unlisted)

Number Subject to vesting conditions Expiry
125,531 No, but remain subject to valid exercise 30 September 2024, unless exercised beforehand
3,883,755 No, but remain subject to valid exercise 30 September 2025, unless exercised beforehand
70,988,452 Yes, subject to the terms of the Base Resources Long Term Incentive Plan Performance rights that vest in accordance with their terms at the end of the 3-year performance period, expire 5 years after that vesting.  Performance rights that do not vest are forfeited.

 

 

Restrictions on Trading of Securities

There are currently no restrictions on the transfer of shares.

 

Periodic Reports

Click here for Quarterly Reports
Click here for Half Year Reports
Click here for Annual Reports

 

Announcements

Click here for ASX Releases