AIM Rule 26

The following information is being disclosed in accordance with AIM Rule 26 and, unless otherwise indicated, was updated with effect from 19 August 2024.

Business Description and Country of Operations

Bezant is an English registered natural resources exploration and development company, focused primarily on copper with copper projects in Namibia, the Philippines, Argentina and Zambia and a manganese project in Botswana. Please click here to download a copy of Bezant’s March 2023 corporate presentation.

Board of Directors

For the Board of Directors, please click here.

Corporate Governance   

  • Audit committee: Dr. Evan Kirby (chair), Raju Samtani and Colin Bird
  • Remuneration committee: Colin Bird (chair), Dr Evan Kirby and Ronnie Siapno

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 27 June 2024.

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.

At the Company’s AGM on 25 October 2021 Incentive Schemes were approved and adopted the principal terms of which were set out in the Appendix to the Notice of the AGM. Awards under the Incentive Schemes are not intended to replace the Company’s share option scheme and the Incentive Schemes, and shall continue in place until the Board of the Company have put an alternative incentive scheme to the Company’s shareholders which the Company’s shareholders have approved. Details of the Incentive Scheme are here.

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 19 August 2024 the number of ordinary shares of 0.002p each in issue is 11,539,141,057. No shares are held in the Treasury.

Share not in public hands at 19 August 2024 was 17.85% calculated as follows (registered shareholders greater than 10% (10.20% on 8 August 2024 ) beneficial shareholders greater than 10% (0%) and directors shareholdings (7.85%)).

The directors' shareholdings at 19 August 2024 are:

Colin Bird Chairman 615,000,655 5.33%
Raju Samtani Finance Director 200,611,078 1.74%
Ed Slowey Technical Director 44,625,000 0.39%
Dr. Evan Kirby Non Executive Director 44,376,729 0.38%
Ronnie Siapno Non Executive Director 1,333,334 0.01%
    905,946,796 7.85%

Major Shareholdings

On 19 December 2023 Christian Cordier submitted a TR-1 notification to the Company that he had an indirect interest in 630,406,504 ordinary shares in relation to the following shareholdings Tonehill Pty Ltd acting for the (“aft”) The Tonehill Trust 207,205,492 shares, Coreks Super Pty Ltd aft Coreks Superannuation Fund 151,163,350 shares and Breamline Pty Ltd aft Breamline Ministries 272,037,662 shares. Mr Cordier’s interest represented 5.54% at the date of issue of the TR-1 and 5.46% based on the 11,539,141,057 shares in issue on 8 August 2024.

On 5 March 2024 the Company announced that Sanderson Capital Partners Ltd had confirmed that they and associates as at that date were interested in 761,469,231 shares which representing 6.60% of the Company’s issued share capital based on the 11,539,141,057 shares in issue on 8 August 2024.

Shareholders per share register CREST Designation Number of ordinary shares Percentage of Share Capital
Jim Nominees Limited JARVIS 1,177,256,676 10.20%
Hargreaves Lansdown (Nominees) HLNOM 839,520,319 7.28%
The Bank Of New York (Nominees) 672938 802,931,210 6.96%
Interactive Investor Services SMKTNOMS 727,779,804 6.31%
Hargreaves Lansdown (Nominees) 15942 590,795,032 5.12%
Vidacos Nominees Limited IGUKCLT 563,380,948 4.88%
Morgan Stanley Client Securities SEG 539,966,257 4.68%
Barclays Direct Investing Nominees CLIENT1 525,595,910 4.55%
Interactive Investor Services SMKTISAS 489,331,839 4.24%
Morgan Stanley Client Securities 0 437,500,000 3.79%
Hargreaves Lansdown (Nominees) VRA 429,458,546 3.72%
Ghc Nominees Limited POOL 378,978,359 3.28%
Vidacos Nominees Limited FGN 349,027,328 3.02%
    7,851,522,228 68.04%

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.