REG - Bezant Resources PLC - Grant of Options and Director/PDMR Shareholding
03/03/2026 14:15
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RNS Number : 1729V Bezant Resources PLC 03 March 2026
3 March 2026
Bezant Resources Plc
("Bezant" or the "Company")
Grant of Options under the Existing Scheme and Director/PDMR Shareholdings
Bezant (AIM: BZT), the copper-gold exploration and development company,
announces that, in aggregate, 771 million options (the "Options") over
ordinary shares of 0.002 pence each in the capital of the Company ("Ordinary
Shares") have been granted pursuant to the Executive Share Option Scheme
approved at the Company's Annual General Meeting ("AGM") held on 22 June 2018
(the "Scheme"). Of the 771 million Options, 322.5 million have been awarded to
directors of the Company and their respective associates, 80 million to a
non-director PDMR as detailed further below and the balance of 368.5 million
to other eligible participants under the Scheme.
Summary of the Options awarded:
Total number of options: A total of 771 million Options have been awarded.
Exercise price & vesting criteria: The Options have an exercise price of 0.165 pence per Ordinary Share.
50% of the Options will vest upon the breaking of ground at the Hope and Gorob
mine site and the balance of 50% will vest upon the first sale of concentrate
from ore mined at the Hope and Gorob mine with all options vesting on a change
of control and / or sale of the Hope and Gorob project.
Purpose of options: To incentivise and retain directors, officers, consultants and employees
critical to enhancing the future market value of the Company at a significant
premium of the respective exercise prices relative to the share price and 30
day VWAP.
30 day VWAP when Options approved: The 30 day volume weighted average share price ("VWAP") to 27 February 2026,
being the latest practicable date prior to the approval of the Options by the
Company's Remuneration Committee, was 0.10179 pence per share.
Prevailing share price: The Company's mid-market closing share price on 27 February 2026, being the
latest practicable date prior to the approval of the Option awards, was 0.1075
pence.
Exercise prices versus abovementioned VWAP and prevailing share price:
Prevailing 30 day
share price
VWAP
Exercise price of 0.165 pence 153% 162%
Life of Options: The options expire on 21 June 2028 being the date one day prior to the tenth
anniversary of the passing of the resolution at the Company's AGM held on 22
June 2018 to approve the Executive Share Option Scheme.
Exercise period: The Options can be exercised any time after vesting and prior to their
scheduled expiry and must be exercised within 6 months of an option holder
leaving the Company or within 12 months of the death of an option holder.
Options awarded to the Directors (No. of options in millions) Directors
Colin Bird*, Chairman & CEO 257.5
Raju Samtani, Finance Director 35.0
Edward Patrick Slowey, Technical Director 10.0
Dr. Evan Kirby, NED 20.0
Ronnie Siapno, NED -
Total 322.5
* Includes 7.5M options to Colin Bird's wife Sylvia Vrska
PDMRs
Options awarded to PDMRs (No. of options in millions) Michael Allardice***, Group Company Secretary 80.0
Total 80.0
*** Options being granted to Quantum Capital & Consulting Limited, a
personal service company of Michael Allardice
* Includes 7.5M options to Colin Bird's wife Sylvia Vrska
Options awarded to PDMRs (No. of options in millions)
PDMRs
Michael Allardice***, Group Company Secretary 80.0
Total 80.0
*** Options being granted to Quantum Capital & Consulting Limited, a
personal service company of Michael Allardice
Following the vesting of the above options the Company will have 1,426M
options in issue and the Directors and the PDMR will hold the following 875.5M
options over Ordinary Shares all of which expire 21 June 2028
** Not yet vested
The Remuneration Committee has resolved but with each member of the
Remuneration Committee abstaining in relation to their own Option Awards that
the Company make the Option Awards under the Scheme with the vesting criteria
and vesting dates as set out above.
For further information:
Bezant Resources Plc
Colin Bird Executive Chairman +44 (0) 20 3416 3695
Beaumont Cornish Limited (Nominated Adviser)
Roland Cornish / Asia Szusciak
+44 (0) 20 7628 3396
AlbR Capital 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 (http://www.bezantresources.com)
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.
PDMR Notification Forms:
The notifications below are made in accordance with the requirements of MAR.
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name (i) Colin Bird
(ii) Sylvia Vrska
2. Reason for the Notification
a) Position/status (i) Executive Chairman & Director
(ii) Colin Bird's wife
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Bezant Resources PLC
b) LEI 2138008K9GRXDUVYVK15
4. Details of the transaction(s):section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Options over ordinary shares of 0.002 pence each
Identification code ISIN: GB00B1CKQD97
TIDM: AIM:BZT
b) Nature of the Transaction Award of options
c) Price(s) and volume(s) (i) Colin Bird: 250 million options with an exercise price of
0.165 pence
(ii) Sylvia Vrska:7.5 million options with an exercise price of
0.165 pence
d) Aggregated information A total of 257.5 million options
Aggregated volume
e) Date of the transaction 2 March 2026
f) Place of the transaction Outside a trading venue
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Raju Samtani
2. Reason for the Notification
a) Position/status Finance Director
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Bezant Resources PLC
b) LEI 2138008K9GRXDUVYVK15
4. Details of the transaction(s):section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Options over ordinary shares of 0.002 pence each
Identification code ISIN: GB00B1CKQD97
TIDM: AIM:BZT
b) Nature of the Transaction Award of options
c) Price(s) and volume(s) 35 million options with an exercise price of 0.165 pence
d) Aggregated information A total of 35 million options
Aggregated volume
e) Date of the transaction 2 March 2026
f) Place of the transaction Outside a trading venue
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Edward Patrick Slowey
2. Reason for the Notification
a) Position/status Technical Director
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Bezant Resources PLC
b) LEI 2138008K9GRXDUVYVK15
4. Details of the transaction(s):section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Options over ordinary shares of 0.002 pence each
Identification code ISIN: GB00B1CKQD97
TIDM: AIM:BZT
b) Nature of the Transaction Award of options
c) Price(s) and volume(s) 10 million options with an exercise price of 0.165 pence
d) Aggregated information A total of 10 million options
Aggregated volume
e) Date of the transaction 2 March 2026
f) Place of the transaction Outside a trading venue
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Dr. Evan Kirby
2. Reason for the Notification
a) Position/status Non-Executive Director
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Bezant Resources PLC
b) LEI 2138008K9GRXDUVYVK15
4. Details of the transaction(s):section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Options over ordinary shares of 0.002 pence each
Identification code ISIN: GB00B1CKQD97
TIDM: AIM:BZT
b) Nature of the Transaction Award of options
c) Price(s) and volume(s) 20 million options with an exercise price of 0.165 pence
d) Aggregated information A total of 20 million options
Aggregated volume
e) Date of the transaction 2 March 2026
f) Place of the transaction Outside a trading venue
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Michael Graham Allardice / Quantum Capital and Consulting Limited
2. Reason for the Notification
a) Position/status Group Company Secretary / Consulting company of Michael Graham Allardice
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Bezant Resources PLC
b) LEI 2138008K9GRXDUVYVK15
4. Details of the transaction(s):section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Options over ordinary shares of 0.002 pence each
Identification code ISIN: GB00B1CKQD97
TIDM: AIM:BZT
b) Nature of the Transaction Award of options
c) Price(s) and volume(s) 80 million options with an exercise price of 0.165 pence
d) Aggregated information A total of 80 million options
Aggregated volume
e) Date of the transaction 2 March 2026
f) Place of the transaction Outside a trading venue
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