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BASE RESOURCES LIMITED - Results of the 2020 Annual General Meeting

·4-min read

AIM and Media Release

20 November 2020

BASE RESOURCES LIMITED
Results of the 2020 Annual General Meeting

African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that all resolutions set out in the Notice of Annual General Meeting released to ASX on 19 October 2020 and put to Base Resources shareholders at today’s meeting were carried.

All resolutions were decided by poll. The table below details the number of votes cast on the poll for each resolution, as well as the percentage of votes cast ‘For’ and ‘Against’.

Item

Resolution

Vote

Number

Percentage (%)

1

Adoption of Remuneration Report

For

874,502,786

99.93

Against

623,517

0.07

Abstain

1,278,995

N/A

2

Re-election of Mr Michael Stirzaker as a Director

For

899,853,730

99.92

Against

676,700

0.08

Abstain

393,512

N/A

3

Election of Ms Janine Herzig as a Director

For

900,381,271

99.98

Against

137,555

0.02

Abstain

405,116

N/A

4

Approval of the grant of Performance Rights to Mr Tim Carstens

For

885,430,833

99.89

Against

981,952

0.11

Abstain

7,674,333

N/A

5

Approval of the grant of Performance Rights to Mr Colin Bwye

For

885,430,833

99.89

Against

981,952

0.11

Abstain

7,674,333

N/A

6

Renewal of Proportional Takeover Provisions

For

900,225,852

99.98

Against

209,794

0.02

Abstain

488,296

N/A

As previously announced, independent non-executive Director, Mr Sam Willis, retired from the Board following today’s Annual General Meeting. Mr Willis currently holds 350,000 fully paid ordinary shares in Base Resources.

The further information required by section 251AA(2) of the Corporations Act 2001 (Cth) is set out in the table below.

Resolution details

Instructions given to validly appointed proxies
(as at proxy close)

Number of votes cast on the poll
(where applicable)

Resolution Result

Resolution

Resolution Type

For

Against

Proxy's
Discretion

Abstain

For

Against

Abstain*

Carried /
Not Carried

(1) Adoption of the Remuneration Report

Ordinary

863,848,542

623,517

73,634

1,278,995

874,502,786

623,517

1,278,995

Carried

99.93%

0.07%

0.00%

99.93%

0.07%

(2) Re-election of Mr Michael Stirzaker as a Director

Ordinary

881,308,038

676,700

73,634

393,512

899,853,730

676,700

393,512

Carried

99.92%

0.08%

0.00%

99.92%

0.08%

(3) Election of Ms Janine Herzig as a Director

Ordinary

881,835,579

137,555

73,634

405,116

900,381,271

137,555

405,116

Carried

99.98%

0.02%

0.00%

99.98%

0.02%

(4) Approval of the grant of Performance Rights to Mr Tim Carstens

Ordinary

873,721,965

981,952

73,634

7,674,333

885,430,833

981,952

7,674,333

Carried

99.89%

0.11%

0.00%

99.89%

0.11%

(5) Approval of the grant of Performance Rights to Mr Colin Bwye

Ordinary

873,721,965

981,952

73,634

7,674,333

885,430,833

981,952

7,674,333

Carried

99.89%

0.11%

0.00%

99.89%

0.11%

(6) Renewal of Proportional Takeover Provisions

Special

881,680,160

209,794

73,634

488,296

900,225,852

209,794

488,296

Carried

99.98%

0.02%

0.00%

99.98%

0.02%

* Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.

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 Barnaby Hayward

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 1, 50 Kings Park Road
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

BROKER
Berenberg

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