16
July 2024
Bezant Resources
Plc
("Bezant"
or the "Company")
Issue of shares and
TVR
Bezant (AIM: BZT), the AIM quoted
copper-gold exploration and development company, announces that in
accordance with the authority granted at its Annual General Meeting
on 28 July 2023 it is issuing 158,222,188 new Ordinary Shares of
0.002p each (the "Consultancy Fee
Shares") at the VWAP of the Bezant share price during the
periods during which the consultancy fees accrued to settle a total
of £39,180 of consultancy fees at an average VWAP of 0.025 pence
per Ordinary Share as per the table below:
|
Period
|
Fees
|
VWAP
during the Periods per share
|
No. of
shares
|
|
6 mths to 9 March 2024
|
£
12,000
|
£ 0.00026
|
46,153,846
|
|
11 December 2023 to 12 April
2024
|
£
12,000
|
£ 0.00023
|
52,173,913
|
|
6 mths to 31 December 2023
|
£
6,900
|
£ 0.00031
|
22,258,065
|
|
6 mths to 30 June 2024
|
£
8,280
|
£ 0.00022
|
37,636,364
|
|
|
£
39,180
|
£ 0.00025
|
158,222,188
|
Application to trading on AIM:
Application will be made to the London Stock Exchange for the
Consultancy Fee Shares, which when issued will rank pari
passu with the existing Ordinary Shares in issue to be admitted to
trading on AIM (the "Admission"). It is expected that Admission
will become effective and that dealings in the Consultancy Fee
Shares will commence at 8.00 a.m. on or around 22 July
2024.
Issued Share Capital: Following
the issue of the Consultancy Fee Shares, the Company's total issued
share capital will consist of 11,539,141,057 Ordinary Shares with
voting rights. The Company does not hold any Ordinary Shares in
treasury and accordingly there are no voting rights in respect of
any treasury shares.
Total Voting Rights: On
Admission, the above mentioned figure of 11,539,141,057 Ordinary
Shares may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, Bezant under the Financial Conduct Authority's
Disclosure Guidance and Transparency Rules.
For
further information, please contact:
|
Bezant Resources Plc
Colin Bird Executive
Chairman
|
|
|
Beaumont Cornish (Nominated
Adviser)
Roland Cornish / Asia Szusciak
|
+44 (0) 20 7628 3396
|
|
Novum Securities Limited (Joint
Broker)
Jon Belliss
|
+44
(0) 20 7399 9400
|
|
Shard Capital Partners LLP (Joint
Broker)
Damon Heath
|
+44 (0) 20 7186 9952
|
or visit http://www.bezantresources.com
The information contained within
this announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 as it forms part of UK Domestic Law pursuant to the
Market Abuse (Amendment) (EU Exit) regulations (SI
2019/310).
Beaumont Cornish Limited ("Beaumont
Cornish") is the Company's Nominated Adviser and is authorised and
regulated by the FCA. Beaumont Cornish's responsibilities as the
Company's Nominated Adviser, including a responsibility to advise
and guide the Company on its responsibilities under the AIM Rules
for Companies and AIM Rules for Nominated Advisers, are owed solely
to the London Stock Exchange. Beaumont Cornish is not acting for
and will not be responsible to any other persons for providing
protections afforded to customers of Beaumont Cornish nor for
advising them in relation to the proposed arrangements described in
this announcement or any matter referred to in it.