Bezant Resources PLC Result of General Meeting and Board Changes (3918G)
March 01 2018 - 4:30AM
UK Regulatory
TIDMBZT
RNS Number : 3918G
Bezant Resources PLC
01 March 2018
1 March 2018
Bezant Resources Plc
("Bezant" or the "Company")
Result of General Meeting and
Appointment of Executive Chairman
Bezant (AIM: BZT), the AIM quoted mineral exploration and
development company, announces that the resolutions proposed at the
General Meeting ("GM") held earlier today, as set out in the notice
dated 12 February 2018, were all duly approved by shareholders.
The purpose of the GM was to seek shareholder approval for the
issue of the Tranche Two Shares and Warrants in respect of the
recent equity fundraising, as set out and defined in the Company's
announcement of 5 February 2018, and to update the relevant Board
authorities to allot the Company's shares.
Accordingly, application has been made for the 88,888,889
Tranche Two Shares to be admitted to trading on AIM ("Admission").
It is expected that Admission will become effective and that
dealings in the Tranche Two Shares will commence at 8.00 a.m. on 2
March 2018.
Following the issue of the abovementioned Tranche Two Shares,
the Company's total issued share capital will consist of
745,606,371 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. The Tranche Two
Shares will be fully paid and will rank pari passu in all respects
with the Company's existing ordinary shares.
On Admission of the Tranche Two Shares, the above figure of
745,606,371 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 and Transparency Rules.
Board Changes
With effect from Admission and further to the Company's
announcement of 5 February 2018, Mr Colin Bird will be appointed to
the Board of the Company as Executive Chairman and Mr Edward Nealon
will step down from the role of Chairman and as a non-executive
director to the Board. Mr Bird intends to work closely with Mr
Laurence Read, Chief Executive Officer, towards realising value
from the Company's current asset portfolio commencing with a full
geological and corporate review of operations. The Board would like
to thank Mr Nealon for his considerable contribution and support
over the years as Bezant has progressed into a proven operator with
highly prospective platinum, copper and gold assets.
For further information, please contact:
Bezant Resources Plc Tel: +44 (0)20 3289
Laurence Read 9923
Chief Executive Officer
Strand Hanson Limited (Nomad)
James Harris / Matthew Chandler Tel: +44 (0)20 7409
/ James Dance 3494
Peterhouse Corporate Finance
Limited (Broker) Tel: +44 (0)20 7220
Lucy Williams / Duncan Vasey 9797
/ Heena Karani
Beaufort Securities Limited Tel: +44 (0)20 7382
(Broker) 8300
Elliot Hance
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 Regulation (EU) No. 596/2014.
Additional Information on the Appointment of the Executive
Chairman
The following additional information is provided in accordance
with paragraph (g) of Schedule Two of the AIM Rules for Companies
in relation to the appointment of Mr Bird:
Colin Bird (aged 74)
Current Directorships Past Directorships / Partnerships
/ Partnerships (last 5 years)
----------------------------- ----------------------------------
1 Tara Bar and Restaurant
African Pioneer Plc CC
Bird Leisure and Admin
(Pty) Ltd Add X Trading 810 CC
Braemore Resources Ltd Afminco (Pty) Ltd
Dullstroom Plats (Pty)
Ltd Dialyn Café CC
Emanual Mining and Exploration
Ferrum Crescent Limited (Pty) Ltd
Galagen (Pty) Ltd Isigidi Trading 413 CC
Jubilee Smelting & Refining
Galileo Resources Plc (Pty) Ltd
Galileo Resources South Mokopane Mining & Exploration
Africa (Pty) Ltd (Pty) Ltd
Glenover Phosphate (Pty)
Ltd NDN Properties CC
Holyrood Platinum (Pty)
Ltd Orogen Gold Plc
Jubilee Metals Group Pilanesberg Mining Co
Plc (Pty) Ltd
Jubilee Tailings Treatment
Company (Pty) Ltd Pioneer Coal (Pty) Ltd
Lion Mining Finance
Ltd PowerAlt (Pty) Ltd
M.I.T. Ventures Group SacOil Holdings Ltd
Maude Mining & Exploration
(Pty) Ltd Sovereign Energy Plc
New Age Metals Inc
NewPlats (Tjate) (Pty)
Ltd
Revelo Resources Corp
Tiger Resource Finance
Plc
Tjate Platinum Corporation
(Pty) Ltd
Umhlanga Lighthouse
Café CC
Windsor Platinum Investments
(Pty) Ltd
Xtract Resources Plc
With effect from Admission and completion of the equity
fundraising, Mr Bird will be interested in 11,111,111 ordinary
shares in the capital of the Company, representing approximately
1.49 per cent. of the Company's issued ordinary share capital as
enlarged by the Tranche Two Shares, together with 5,555,555
warrants with each warrant giving the right to subscribe for a new
ordinary share at a price of one pence per share for a period of 30
months from the date of issue.
There is no other information that is required to be disclosed
pursuant to paragraph (g) of Schedule Two to the AIM Rules for
Companies.
Unless the context otherwise requires, defined terms used in
this announcement shall have the meanings given to them in the
circular to shareholders of the Company dated 12 February 2018.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ROMSSDFSFFASEED
(END) Dow Jones Newswires
March 01, 2018 05:30 ET (10:30 GMT)
Bezant Resources (LSE:BZT)
Historical Stock Chart
From Apr 2024 to May 2024
Bezant Resources (LSE:BZT)
Historical Stock Chart
From May 2023 to May 2024