Base Resources Limited - LTIP performance rights update
AIM and Media Release
LTIP performance rights update
For each performance right exercised, LTIP participants were allocated one fully paid ordinary share of no par value in
[Note (1): The identification code for ordinary shares is AU000000BSE5.]
A member of the Company’s senior management classified as a person discharging managerial responsibilities was among the employees exercising vested performance rights, with such exercise occurring on
___________________________________________________________________________ | |Vested |Current holding| | | |Name |performance|of performance |Holding of |Holding | | |rights |rights |ordinary shares|arrangements | | |exercised | | | | |______________|___________|_______________|_______________|________________| | | | | |Direct - | | | | | |3,775,026 held | | | | | |by Mr Greyling | | | | | |jointly with his| | | | | |spouse | | | | | | | |Andre Greyling|540,101 |3,612,7842 |4,669,127 |Indirect - | | | | | |894,101 held by | | | | | |Wildstate | | | | | |Enterprises Pty | | | | | |Ltd, a company | | | | | |controlled by Mr| | | | | |Greyling4 | |______________|___________|_______________|_______________|________________| | | | | |Direct - Nil | | | | | | | |Stephen Hay |N/A |4,178,0933 |2,527,761 |Indirect - | | | | | |2,527,761 held | | | | | |by Mr Hay’s | | | | | |spouse5 | |______________|___________|_______________|_______________|________________|
[Notes:
(2) Performance rights solely comprise unvested performance rights.
(3) Performance rights include 580,471 vested performance rights.
(4)
On
(5)
On
As a result of the above events, the Company has the following securities on issue:
-- 1,178,011,850 ordinary shares. -- 70,345,660 performance rights issued pursuant to the terms of the LTIP, comprising:
o 6,599,881 vested performance rights, which remain subject to exercise6; and o 63,745,779 unvested performance rights subject to performance testing in accordance with their terms of issue.
[Note (6): Vested performance rights have a nil cash exercise price and, unless exercised beforehand, expire five years after vesting.]
ENDS.
For further information contact:
______________________________________________________________ |Australian Media Relations |UK Media Relations | |________________________________|_____________________________| |Citadel Magnus |Tavistock Communications | |________________________________|_____________________________| |Cameron Gilenko and Michael Weir|Jos Simson andGareth Tredway | |________________________________|_____________________________| |Tel: +61 8 6160 4900 |Tel: +44 207 920 3150 | |________________________________|_____________________________|
About
PRINCIPAL AND REGISTERED OFFICE AND LEI
Level 3,
Email:
info@baseresources.com.au
Phone: +61 8 9413 7400
Fax: +61 8 9322 8912
LEI: 2617005DDMEAZ8OBD979
NOMINATED ADVISER & JOINT BROKER
Phone: +44 20 7523 8000
JOINT BROKER
Berenberg
Phone: +44 20 3207 7800
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