Base Resources Limited - Scheme becomes effective
AIM and Media Release
Scheme becomes effective
A copy of the Court orders lodged with ASIC is attached to this announcement.
The Scheme is now legally effective, and it is expected that
Special Dividend
On
The Special Dividend Record Date for Base Resources DI
Holders will be
Scheme Consideration
Under the Scheme,
Ineligible foreign shareholders and electing small shareholders will not receive Energy Fuels shares under the Scheme. Instead, the Energy Fuels Shares that would otherwise have been issued to the ineligible foreign shareholder or electing small shareholder will be allotted to the sale agent for sale on the TSX and NYSE. Energy Fuels will procure, as soon as reasonably practicable after the Implementation Date (and in any event within 30 days after the Implementation Date) that the sale agent sells or procures the sale of those Energy Fuels Shares in the ordinary course of trading on the TSX or the NYSE and in such manner, at such price and on such other terms as the sale agent reasonably determines ( Sale Facility ). Ineligible foreign shareholders and electing small shareholders will receive their pro-rata proportion of the net cash proceeds realised from the sale of those Energy Fuels shares (after deducting reasonable brokerage and other selling costs, taxes and charges). Further details are set out in Section 10.6 of the Scheme Booklet.
Base Resources DI Holders are reminded that small shareholders (being those holding 350,000 Base Resources DIs or fewer at the Scheme Record Date) may elect to have all, but not some, of the new Energy Fuels Shares they are entitled to allotted to the sale agent and sold through the Sale Facility (as described above).
For a Base Resources DI Holder that is a small shareholder to make an election to participate in the Sale Facility, they must provide an election instruction through CREST by following the instructions set out in Annexure 2 of the Scheme Booklet. The deadline for receipt of CREST election instructions by the Depositary is
Timetable
The remaining key dates for the Scheme are set out below.
______________________________________________________________________________ |Event |Date | |________________________________________|_____________________________________| |Effective Date and last day of trading | | |of Base Resources shares, with trading | | |of Base Resources Shares on ASX | | |suspended from close of trading on ASX |13 September 2024 | |and trading of Base Resources DIs to be | | |suspended from commencement of trading | | |on AIM | | |________________________________________|_____________________________________| |Special Dividend Record Date |18 September 2024 (6.00pm London time| | |for Base Resources DI Holders) | |________________________________________|_____________________________________| |Latest time and date for receipt of |18 September 2024 | |elections via CREST for Small | | |Shareholders that are Base Resources DI |(1.00pm London time) | |Holders | | |________________________________________|_____________________________________| |Scheme Record Date |20 September 2024 (6.00pm London time| | |for Base Resources DI Holders) | |________________________________________|_____________________________________| |Special Dividend Payment Date |1 October 2024 | |________________________________________|_____________________________________| |Implementation Date |2 October 2024 | |________________________________________|_____________________________________| |New Energy Fuels shares commence trading|2 October 2024 | |________________________________________|_____________________________________| |Delisting of Base Resources from ASX and|3 October 2024 | |AIM | | |________________________________________|_____________________________________|
Scheme information line
If you have any questions in relation to the Scheme, please contact the Base Resources Scheme information line on 1300 271 804 (within
ENDS.
For further information contact:
______________________________________________________________ |Australian Media Relations |UK Media Relations | |________________________________|_____________________________| |Sodali & Co |Tavistock Communications | |________________________________|_____________________________| |Cameron Gilenko and Michael Weir|Jos Simson andGareth Tredway | |________________________________|_____________________________| |Tel: +61 8 6160 4900 |Tel: +44 207 920 3150 | |________________________________|_____________________________|
This release has been authorised by the Base Resources Disclosure Committee.
About
PRINCIPAL & REGISTERED OFFICE
Level 3,
Email:
info@baseresources.com.au
Phone: +61 8 9413 7400
Fax: +61 8 9322 8912
NOMINATED ADVISER & JOINT BROKER
Phone: +44 20 7523 8000
JOINT BROKER
Berenberg
Phone: +44 20 3207 7800
2024-09-12 Federal Court Orders