AIM Rule 26

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 04 April 2017.

Business Description

Bezant is a natural resources exploration and development company with projects currently in Colombia, Philippines and Argentina, with future projects expanding in other global territories.

Board of Directors

For the Board of Directors, please click here.

Corporate Governance

Executive Committee: Bernard Olivier and Laurence Read

Audit Committee: Evan Kirby and Ronnie Siapno

Remuneration Committee: Ed Nealson and Evan Kirby

Bezant Resources PLC (the "Company") is listed on AIM, a market operated by the London Stock Exchange, and is not 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 Corporate Governance Guildelines for Smaller Quoted Companies (September 2010).

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 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 General Meeting on 7 May 2013. 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 304,953,507. 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 03 April 2017, the Company is aware of the following shareholders holding 3 per cent or more of the issued share capital of the Company:

   Beaufort Nominees Limited - 93,142,385 (30.54%)

   Vidacos Nominees Limited - 47,062,034 (15.43%)

   Tomori Enterprises Limited - 46,635,115 (15.29%)

   Bank of New York (Nominees) Limited - 15,807,300 (5.18%)

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. (415kb)

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 Results of Annual General Meeting that was held on Friday the 6th of December 2013 can be downloaded here. (50kb)

Advisers

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

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