AIM Rule 26

The following information is being disclosed in accordance with AIM Rule 26 and, unless otherwise indicated, was updated with effect from 24 September 2020.

Business Description and Country of Operations

Bezant is a natural resources exploration and development company, headquartered in London and focused on copper- gold with projects currently held in Zambia, Argentina in the Philippines.

Board of Directors

For the Board of Directors, please click here.

Corporate Governance   

  • Audit Committee: Dr Evan Kirby and Mr Colin Bird
  • Remuneration Committee: Dr Evan Kirby, Mr Ronnie Siapno and Mr Colin Bird

Bezant Resources PLC (the "Company") is quoted on AIM, a market operated by the London Stock Exchange, and is not currently required to comply with the requirements of the UK Corporate Governance Code (the "Code"). However, the board of directors of the Company (the "Board") is committed to the high standards of good corporate governance prescribed in the Code and seeks to apply its principles, in so far as practicable, having regard to the current size and structure of the Company and its group. The Board is accountable to the Company's shareholders and seeks to comply in all material respects with the QCA's Corporate Governance Code.

The Company's corporate governance arrangements are disclosed in the Corporate Governance Report section of its latest Annual Report and Financial Statements which can be viewed in the Reports section of this website, and are reviewed by the Board on an ongoing basis and updated as appropriate.

View the Company’s Corporate Governance Statement as at 30 June 2020.

UK City Code on Takeovers and Mergers

The Company is subject to the UK City Code on Takeovers and Mergers.

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 reports; 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 company registration number 0291 8391 and has its main office in London.

Constitutional Documents

The name of the Company was changed from Tanzania Gold Plc, to its present name of Bezant Resources Plc at the Annual General Meeting, held on 9 July 2007.

The Articles of Association were revised and adopted by Special Resolution of the Company passed at a Anual General Meeting held on 24th May 2019. A copy of the current Articles of Association can be accessed here.

Shares in Issue and Shares not in Public Hands

As at 26 October 2020 the number of ordinary shares of 0.002p each in issue is 3,055,526,039. No shares are held in the Treasury.

Share is not in public hands at 24th September 2020 was 3.26% (registered shareholders greater than 10% (0%) beneficial shareholders greater than 10% (0%) and directors shareholdings (3.26%)).

Major Shareholdings

On 24th January 2020 the Company announced it was notified that the ultimate beneficial holder of the 239,000,000 shares in the Company, then representing 18.82% of the company’s issue share capital as reported in the Form TR-1 submitted by Tavira Securities Ltd, as announced on 6th January 2020 is Sanderson Capital Partners Ltd. This shareholding now represents 7.99%. As at 24 September 2020, the company was aware of the following registered shareholders holding 3% or more of its issued share capital:

Registered Shareholders Account Number of Ordinary Shares Percentage of Ordinary Shares
HARGREAVES LANSDOWN (NOMINEES) 15942 193,961,795 6.49%
VIDACOS NOMINEES LIMITED CLRLUX 149,338,197 4.99%
INTERACTIVE INVESTOR SERVICES SMKTISAS 149,149,613 4.99%
JIM NOMINEES LIMITED JARVIS 146,226,854 4.89%
BARCLAYS DIRECT INVESTING NOMINEES CLIENT1 139,009,521 4.65%
INTERACTIVE INVESTOR SERVICES SMKTNOMS 135,637,163 4.54%
HSDL NOMINEES LIMITED - 132,997,142 4.45%
HARGREAVES LANSDOWN (NOMINEES) HLNOM 120,783,947 4.04%
THE BANK OF NEW YORK (NOMINEES) 672938 116,730,503 3.90%
HARGREAVES LANSDOWN (NOMINEES) VRA 110,808,125 3.71%
    1,394,642,860 46.65%

Share Restrictions

There are no restrictions on the transfer of Bezant’s shares.

Exchange/Trading Platforms

The shares of Bezant are traded on AIM, the market for that name operated by London Stock Exchange plc. The Company’s shares are also traded on Aquis Stock Exchange (secondary market) under TIDM: BZT.GB. Bezant’s shares have not been admitted nor have any applications been made up for any of its shares to be admitted or traded on any other exchanges or trading platforms.

Financial Reports

  • The latest Annual report can be accessed here.
  • A copy of the Company’s announcements for the last five years can be accessed here.    
  • Latest admission document can be accessed here. (13.06mb)    
  • A copy of the Latest Notice of Annual General Meeting can be downloaded here.

Advisers

Details of Bezant’s nominated adviser and other key advisers may be accessed here.