REG - Bezant Resources PLC - Issue of Equity and TVR

Bezant ResourcesAnnouncement

19/05/2025 07:00

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RNS Number : 1168J  Bezant Resources PLC  19 May 2025

 

19 May 2025

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 it is issuing 167,809,490 new Ordinary Shares of of
0.002p each ("Ordinary Shares") (the "Consultancy Fee Shares") to settle a
total of £44,940 of consultancy fees.  113,148,148 of the Ordinary Shares
are being issues at 0.027 pence being the 10 day VWAP share price on 14 May
2025 to settle £30,550 of fees, 18,439,120 of the Ordinary Shares are being
issued at 0.025 pence being the VWAP share price for the 12 months ended 9
January 2025 to settle £4,609.78 of fees and 36,222,222 of the Ordinary
Shares are being issued at 0.027 pence being the VWAP share price for the 6
months ended 31 December 2024 to settle £9,780 of fees.

 

Application to trading on AIM: Application will be made to the London Stock
Exchange for the 167,809,490 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  27 May 2025.

 

Issued Share Capital: Following the issue of the Consultancy Fee Shares, the
Company's total issued share capital will consist of 15,920,589,169 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
15,920,589,169 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                       +44 (0) 20 3416 3695

 Colin Bird Executive Chairman
 Beaumont Cornish (Nominated Adviser)       +44 (0) 20 7628 3396

Roland Cornish / Asia Szusciak
 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 (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.

 

 

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