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 14 February 2012.

Business Description

Bezant is a natural resources exploration and development company with projects currently in the Philippines (its main country of operation), Argentina and Tanzania, with future projects expanding in other global territories.

Board of Directors

For the Board of Directors, please click here.

Corporate Governance

Executive Committee: Gerry Nealon, Bernard Olivier

Audit Committee: Evan Kirby, Ronnie Siapno

Remuneration Committee: Evan Kirby, Ronnie Siapno

Although the Company is not obligated to comply with the Combined Code on the Principles of Good Governance and Code of Best Practice, the Directors have stated their intention to comply with these principles in so far as practicable for a company of its limited size. The Company is committed to high standards of corporate governance and the board is accountable to the Company’s shareholders. The Company has adopted the Corporate Governance Guidelines for Smaller Quoted Companies (September 2010).

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 64,993,603. 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 14 February 2012, the Company is aware of the following shareholders holding 3 per cent or more of the issued share capital of the Company:

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. (1.8mb)

The latest Interim report can be accessed here. (90kb)

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 Annual General Meeting that was held on Wednesday the 14th of December 2011 can be downloaded here (80kb)

Advisers

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