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The following information on Bezant Resources plc (“Bezant”) is being disclosed in accordance with Rule 26 of the AIM Rules for Companies and was last updated on 19 April 2010.
Business Description
Bezant is a natural resources exploration and development company with projects, currently, in the Philippines, its main country of operation and Tanzania. It will look to participate in further projects in these and other countries.
Board of Directors
For the Board of Directors, please click here.
Corporate Governance
Executive Committee: Gerry Nealon, Bernard Olivier
Audit Committee: Gerry Nealon, Bernard Olivier
Remuneration Committee: Evan Kirby, Ronnie Siapno
The Directors recognise the importance of high standards of corporate governance commensurate with the size and nature of the company and the interests of its shareholders. The Directors seek to observe the requirements of the Combined Code to the extent appropriate in light of the company’s size, stage of development and resources and seek to act in accordance with the Corporate Governance Guidelines for AIM Companies issued by the Quoted Companies Alliance (February 2007).
Audit Committee
The audit committee meets at least twice a year to consider, inter alia, the integrity of the financial statements of the company, including its annual and interim accounts; the effectiveness of the company’s internal controls and risk management system; audit reports; and terms of appointment and remuneration for the auditor.
Remuneration Committee
The remuneration committee meets towards the end of each annual accounting period and has as its remit the determination and review of, inter alia, the remuneration of executives of the Board and any share incentive plans of the company.
Incorporation
Bezant is incorporated in England and Wales with the Company Registration number 02918391
Constitutional Documents
The name of the Company was changed from Tanzania Gold Plc, to the present name of Bezant Resources Plc at the Annual General Meeting, passed on 9 July 2007.
The Memorandum and Articles of Association were revised and adopted by Special Resolution of the Company passed at the Annual General Meeting on 8 October 2008. A copy of the current Memorandum and Articles of Association can be accessed here.
Shares on Issue
The number of ordinary shares of 0.2 pence each in issue is 46,994,668. No shares are held in treasury. As far as Bezant is aware, none of the issued capital is excluded from purchase by the public.
Major Shareholdings
As at 1 July 2010, the Company is aware of the following shareholders holding 3 per cent. or more of the issued share capital of the Company:
Vidacos Nominees Limited – 7,842,445 (16.52%)
Pershing Nominees Limited – 6,165,792 (12.99%)
Prism Nominees Limited – 3,133,770 (6.60%)
Rathbone Nominees Limited - 3,102,791 (6.53%)
BBHISL Nominees Limited – 2,375,000 (5.00%)
TD Waterhouse Nominees - 1,927,101 (4.05%)
W B Nominees Limited - 1,874,224 (3.95%)
Fitel Nominees Limited - 1,800,030 (3.79%)
Share Restrictions
There are no restrictions on the transfer of Bezant’s shares.
Exchange/Trading Platforms
The securities of Bezant are traded on AIM, the market of that name operated by London Stock Exchange plc. Its shares have not been admitted, nor have any applications been made, for any of its shares to be admitted or traded on any other exchanges or trading platforms.
Financial reports
Bezant’s most recent published annual report can be accessed here. (344kb) The latest Interim report can be accessed here. (79.5kb)
A copy of the Company’s last 12 months of announcements can be accessed here.
Latest admission document can be accessed here. (13.06mb)
A copy of the Notice of Meeting and Form of Proxy for the Company's General Meeting, to be held on Monday, the 17th of May 2010, can be downloaded here. (201kb)
Advisers
Details of Bezant’s nominated adviser and other key advisers may be accessed here.
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