Base Resources Limited - Forfeiture of LTIP performance rights

PR Newswire

LONDON, United Kingdom, July 18

AIM and Media Release

18 July 2024

Base Resources Limited
Forfeiture of LTIP performance rights

Base Resources Limited (ASX & AIM: BSE) (Base Resources or the Company) advises that 69,729 unvested performance rights granted under the Base Resources Long Term Incentive Plan for the 2023 cycle have been forfeited by Mr Stephen Hay. These rights were forfeited as part of an agreed adjustment to Mr Hay’s working arrangements.

As Mr Hay is classified as a person discharging managerial responsibilities, set out below is the information required by Article 19(3) of the Market Abuse (Regulation (EU) 596/2014) as it forms part of the domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Stephen Hay
2	Reason for the notification
a)	Position/status	General Manager
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Base Resources Limited
b)	LEI	2617005DDMEAZ8OBD979
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Unlisted performance rights linked to ordinary shares of no par value AU000000BSE5
b)	Nature of the transaction	Forfeiture of performance rights following agreed adjustment to working arrangements
c)	Price(s) and volume(s)	Price: nil Volume: 69,729
d)	Aggregated information	n/a
e)	Date of the transaction	18 July 2024
f)	Place of the transaction	Outside a trading venue

ENDS.

For further information contact:

Australian Media Relations	UK Media Relations
Sodali & Co	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