REG - Bezant Resources PLC - Issue of Shares and TVR

Bezant ResourcesAnnouncement

16/07/2024 16:15

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RNS Number : 6431W  Bezant Resources PLC  16 July 2024

 

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

+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

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 (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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