African mineral sands producer,
The proceeds of the sale will principally be used to fund Mr Bwye's Australian income tax liability arising from the exercise of his 2016 cycle vested performance rights issued under the Base Resources Long Term Incentive Plan (LTIP), as previously announced on
Following the sale of these shares, Mr Bwye holds 7,199,238 fully paid ordinary shares (directly and indirectly) and 7,832,535 unvested performance rights issued pursuant to the LTIP, which remain subject to vesting conditions.
Contact:
Tel: +61 (8) 9413 7426
Email: jfuller@baseresources.com.au
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