Issue of Shares and TVR

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  Colin Bird Executive Chairman	[phone]
Beaumont Cornish (Nominated Adviser)  Roland Cornish / Asia Szusciak	[phone]
Novum Securities Limited (Joint Broker) Jon Belliss	[phone]
Shard Capital Partners LLP (Joint Broker) Damon Heath	[phone]

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.

 

END