AIM Rule 26

The following information is being disclosed in accordance with AIM Rule 26 and, unless otherwise indicated, was updated with effect from 2 July 2018.

Business Description

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

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 current corporate governance arrangements are fully 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.

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 02918391.

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 Memorandum and Articles of Association were revised and adopted by Special Resolution of the Company passed at a General Meeting held on 7 May 2013. A copy of the current Memorandum and Articles of Association can be accessed here.

Shares in Issue and Shared not in Public Hands

The number of ordinary shares of 0.2 pence each in issue is 998,773,038. No shares are held in treasury. As far as Bezant is aware, none of the issued capital is excluded from purchase by the public.

Shares not in public hands as at 2 July 2018 was 18.41%.

Major Shareholdings

As at 16 May 2018, the Company was aware of the following shareholders holding 3 per cent or more of its issued share capital:

Shareholders Number of Ordinary
Shares
Percentage of issued share capital
Vidacos Nominees Limited Clrlus Acct 162,860,485 16.31%
HSBC Global Custody Nominee (UK) Limited 941346 Acct 68,140,337 6.82%
Tomori Enterprises Limited 46,635,115 4.67%
Verona Investment Group Inc 44,601,745 4.47%
Barclays Direct Investing Nominees Limited Client1 Act 36,926,676 3.70%
Interactive Investor Services Nominees Limiued Smktnoms Acct 33,742,218 3.38%

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

  • The latest Annual report can be accessed here.
  • A copy of the Company’s announcements since 3 July 2016 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.