UK markets open in 6 hours 33 minutes
  • NIKKEI 225

    29,007.60
    +407.19 (+1.42%)
     
  • HANG SENG

    26,132.03
    +5.10 (+0.02%)
     
  • CRUDE OIL

    83.78
    +0.02 (+0.02%)
     
  • GOLD FUTURES

    1,807.90
    +1.10 (+0.06%)
     
  • DOW

    35,741.15
    +64.13 (+0.18%)
     
  • BTC-GBP

    45,925.69
    +1,431.85 (+3.22%)
     
  • CMC Crypto 200

    1,515.98
    +1,273.30 (+524.68%)
     
  • ^IXIC

    15,226.71
    +136.51 (+0.90%)
     
  • ^FTAS

    4,117.93
    +9.02 (+0.22%)
     

BASE RESOURCES LIMITED - Disclosure under Guidance Note 20 - Equity Derivatives

  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

AIM and Media Release

7 October 2021

BASE RESOURCES LIMITED
Disclosure under Takeovers Panel Guidance Note 20 - Equity Derivatives

African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) advises that it has received the notice extracted in italics below from Regal Funds Management Asia Pte Limited. The notice was provided to the company pursuant to the Australian Takeovers Panel Guidance Note 20 - Equity Derivatives.

06-October-2021

Dear BASE RESOURCES LIMITED,

Disclosure of Long Equity Derivative Positions

We refer to Guidance Note 20: Equity Derivatives (GN20) issued by the Australian Takeovers Panel. Terms not defined in this notice have the meanings given to them in GN20.

GN20 relevantly provides that the non-disclosure of long positions, including long equity derivative positions, may give rise to unacceptable circumstances. Regal Funds Management Asia Pte Limited, as investment manager of Amazon Market Neutral Fund and Zambezi Absolute Return Fund (the Funds), discloses the following information on behalf of the Funds.

Identity of the taker:

Amazon Market Neutral Fund

Zambezi Absolute Return Fund

Relevant security:

Ordinary shares in BASE RESOURCES LIMITED

Price (including reference price, strike price, option price etc as appropriate):

Not applicable


Entry date and number of securities to which the derivative relates:

Total number of securities to which derivatives relate as at 04-0ct-2021:4,365,556 (0.37%)

Total number of securities to which derivatives relate as at 04-0ct-2021:69,640,271 (5.91%)

Type of derivative (e.g. contract for difference, cash settled put or call option):

Equity swap

Any material changes to information previously disclosed:

No information previously disclosed

No information previously disclosed

Relevant interests in securities:

None

Long equity derivative positions and relevant interests held by the taker and its associates:

The Funds have no other associates with a long equity derivative position or relevant interest in the company

Short equity derivative positions that offset physical positions:


None


Short positions of more than 1% that have been acquired after a long position is disclosed, whether by notice or substantial holding notice:



None

Yours sincerely

Greg Laughlin
Chief Executive Officer
Regal Funds Management Asia Pte Limited

ENDS.

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 Gareth Tredway

Mobile: +61 (0) 488 093 763

Tel: +44 (0) 207 920 3150

Email: jfuller@baseresources.com.au

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 (0)8 9413 7400
Fax: +61 (0)8 9322 8912

NOMINATED ADVISOR
RFC Ambrian Limited

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

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

JOINT BROKER
Canaccord Genuity
Raj Khatri / James Asensio / Patrick Dolaghan
Phone: +44 20 7523 8000

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting