Base Resources : 15/08/2019 Notice of Change of Interests of Substantial Holder - UBS (200.2 KiB) View Document

Form 604

Corporations Law

Section 671B

Notice of change of interests of substantial holder

To: Company Name/Scheme	BASE RESOURCES LIMITED
ACN/ARSN	125 546 910
1. Details of substantial holder
Name	UBS Group AG and its related bodies corporate
ACN/ARSN (if applicable):
There was a change in the interests of the substantial holder on	12	Aug 2019
The previous notice was given to the company on	16	July 2019

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of	Previous Notice		Present Notice
securities (4)
	Person's Votes	Voting Power (5)	Person's Votes		Voting Power (5)
Ordinary	95,586,919	8.19%	69,577,898		5.96%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of	Person whose	Nature of Change (6)	Consideration	Class and	Person's
change	relevant interest		given in	Number of	votes
	changed		relation to	securities	affected
			change (7)	affected

Please see Appendix B.

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant	Registered	Person entitled to	Nature of relevant interest	Class and	Person's
holder of	be registered	number of
interest	(6)	votes
securities	holder (8)	securities
UBS Securities	Brispot	UBS Securities	Beneficial Owner	55,636,382	55,636,382
Australia Ltd	Nominees Pty	Australia Ltd		Ordinary
	Ltd

UBS AG, Australia	UBS Nominees	UBS AG, Australia	Prime Broker that has	13,941,516	13,941,516
Branch	Pty Ltd	Branch	exercised its borrowing right	Ordinary
			in respect of shares pursuant
			to a Prime Broking
			Agreement (see Appendix A)

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ ARSN (if applicable)	Nature of association
N/A	N/A

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
UBS Securities Australia Ltd	Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
Brispot Nominees Pty Ltd	Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
UBS AG, Australia Branch	Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
UBS Nominees Pty Ltd	Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia

SIGNATURE
	Print Name:	Andrew Costley	Capacity:	Authorised signatory
	Sign Here:		Date:	14 August 2019
	Print Name:	Joanne Chan	Capacity:	Authorised signatory
	Sign Here:		Date:	14 August 2019

Contact details for this notice:

-----------------------------------------------------

Andrew Costley

Group Compliance, Regulatory & Governance

1. + 852 3712 3707
   ------------------------------------------------------------

Appendix A

Holder of relevant interest	UBS AG, Australia Branch
Type of agreement	Prime Brokerage Agreement
Parties to agreement	(i) UBS AG, Australia Branch
	("UBS AG")
	(ii) Client (Please refer to Appendix
	A-1.)
Transfer date	Please refer to Appendix A-1.
Holder of voting rights	UBS AG
Are there any restrictions on	Please refer to the details below.
voting rights?
If yes, detail	Since all right and title in the
	securities passes to the transferee
	(i.e. UBS AG), the transferee has
	the right to vote. However, in
	certain circumstances, the
	transferee may seek to arrange for
	voting rights to be exercised in
	accordance with the instructions of
	the transferor (i.e. Client).
Scheduled return date (if any)	None, subject to the terms of the
	relevant loan.
Does the borrower have the right	Yes.
to return early?
If yes, detail	The borrower (i.e. UBS AG) has the
	right to return at its discretion.
Does the lender have the right to	Yes.
recall early?
If yes, detail	The lender (i.e. Client) can recall at
	its request subject to compliance
	with margin requirements and the
	terms of the relevant loan.
Will the securities be returned on	Yes.
settlement?
If yes, detail any exceptions	None.

The information in this appendix is based on the relevant standard UBS agreement.

A copy of the agreement is available to the company, or responsible entity to whom the prescribed form must be given, or to ASIC, upon request.

Appendix A-1

Prime Brokerage Agreement - UBS AG, Australia Branch

Parties to agreement	Transfer date
Regal Funds Management Pty Ltd as trustee and manager of Atlantic Absolute Return	(i)	10 July 2018
Fund
Regal Funds Management Pty Limited as trustee for Regal Australian Long Short Geared	(i)	10 July 2018
Equity Fund
Regal Funds Management Pty Limited as Trustee of the Regal Australian Small	(i)	10 July 2018
Companies Fund

					BSE - Appendix B
Date of change	Person whose relevant interest changed	Nature of Change	Consideration given in	Number of securities	Class
			relation to change
17-Jul-19	UBS Securities Australia Ltd	Sell	814	(3,070)	Ordinary
18-Jul-19	UBS Securities Australia Ltd	Sell	4,966	(19,100)	Ordinary
18-Jul-19	UBS Securities Australia Ltd	Buy	3,926	15,100	Ordinary
19-Jul-19	UBS Securities Australia Ltd	Buy	69	270	Ordinary
22-Jul-19	UBS Securities Australia Ltd	Sell	4,373	(16,500)	Ordinary
22-Jul-19	UBS Securities Australia Ltd	Buy	5,698	21,500	Ordinary
24-Jul-19	UBS Securities Australia Ltd	Sell	6,612	(25,254)	Ordinary
24-Jul-19	UBS Securities Australia Ltd	Buy	6,864	26,400	Ordinary
26-Jul-19	UBS Securities Australia Ltd	Sell	1,735	(6,548)	Ordinary
31-Jul-19	UBS Securities Australia Ltd	Buy	734	2,820	Ordinary
01-Aug-19	UBS Securities Australia Ltd	Sell	465	(1,753)	Ordinary
06-Aug-19	UBS Securities Australia Ltd	Buy	490	2,000	Ordinary
07-Aug-19	UBS Securities Australia Ltd	Sell	697	(2,786)	Ordinary
09-Aug-19	UBS Securities Australia Ltd	Buy	357	1,400	Ordinary
09-Aug-19	UBS Securities Australia Ltd	Sell	893	(3,500)	Ordinary
12-Aug-19	UBS Securities Australia Ltd	Sell	6,500,000	(26,000,000)	Ordinary