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Base Resources Limited (BSE)

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Monday 26 October, 2020

Base Resources Limited

Notice of change of Significant Shareholder

AIM and Media Release 

26 October 2020

Notice of change of Significant Shareholder

Base Resources Limited (ASX & AIM: BSE) (Base Resources or the Company) advises that it has today received notification from Credit Suisse Holdings (Australia) Limited (on behalf of Credit Suisse Group AG and its affiliates) (Credit Suisse) that, as at 21 October 2020, Credit Suisse had voting power in 59,162,398 ordinary shares in Base Resources, representing 5.02% of the total Base Resources ordinary shares on issue and constituting a significant shareholding for the purposes of the AIM Rules for Companies on that date.

Credit Suisse’s interest in 59,162,398 ordinary shares was held as follows:

Holder of interest Nature of interest Registered holder of shares Number of ordinary shares
Credit Suisse Equities (Australia) Limited (ACN 068 232 708) Voting rights and right to dispose CS Fourth Nominees Pty Limited (ACN 069 126 432) 37,688,397
Credit Suisse AG, Dublin Branch Holder of securities subject to an obligation to return under securities lending agreement CS Third Nominees Pty Limited (ACN 007 053 849) 21,474,001

Credit Suisse acquired 1,393,259 shares for an average price of A$0.260 per share between 20 July 2020 and 16 October 2020 (excluding any securities borrowed pursuant to a securities lending agreement).  It disposed of 767,361 shares for an average price of A$0.265 per share between 22 June 2020 and 21 October 2020 (excluding any shares returned pursuant to a securities lending agreement). 

A copy of the notice referred to in this release is available from the Company’s website:


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 Barnaby Hayward
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

Level 1, 50 Kings Park Road
West Perth, Western Australia, 6005
Email:  [email protected]
Phone: +61 (0)8 9413 7400
Fax: +61 (0)8 9322 8912

RFC Ambrian Limited

Stephen Allen
Phone: +61 (0)8 9480 2500


Matthew Armitt / Detlir Elezi
Phone: +44 20 3207 7800

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