Exercise of Warrants and TVR
Bezant Resources Plc announced the exercise of warrants at 0.06p per share, leading to the issuance of 80,000,000 new ordinary shares, each with a nominal value of 0.002p. These new shares will rank equally with existing ordinary shares, and their admission to trading on AIM is anticipated around 12 November 2025. Following this issuance, the company's total issued share capital with voting rights will increase to 16,976,654,126 Ordinary Shares. This updated figure is crucial for shareholders to determine their notification obligations under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
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Issue of new shares upon exercise of warrants: Pursuant to the exercise of warrants at a price of 0.06p per share in terms of the fundraising announced on 4 December 2023 the Company is issuing a total of 80,000,000 fully paid ordinary shares of 0.002p each in the Company ("Ordinary Shares"). The new Ordinary Shares when issued will rank pari passu with the existing ordinary shares in the Company.
Application to trading on AIM: Application will be made to the London Stock Exchange for the Warrant Exercise Shares to be admitted to trading on AIM. It is expected that admission will become effective and that dealings in the Warrant Exercise Shares will commence at 8.00 a.m. on or around 12 November 2025 (the "Admission").
Issued Share Capital: Following the issue of the Warrant Exercise Shares the Company's total issued share capital will consist of 16,976,654,126 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury and accordingly there are no voting rights in respect of any treasury shares.
Total Voting Rights: On Admission, the above mentioned figure of 16,976,654,126 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Bezant under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
| Bezant Resources Plc Colin Bird Executive Chairman | +44 (0) 20 3416 3695 |
| Beaumont Cornish (Nominated Adviser) Roland Cornish / Asia Szusciak | +44 (0) 20 7628 3396 |
| Novum Securities Limited (Joint Broker) Jon Belliss | +44 (0) 20 7399 9400 |
| Shard Capital Partners LLP (Joint Broker) Damon Heath | +44 (0) 20 7186 9952 |
or visit http://www.bezantresources.com
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.