Issue of Equity and TVR

In brief · summary, not quotable

Bezant Resources Plc has issued 85,852,531 new ordinary shares, comprising 52,000,000 shares from warrant exercises at 0.06p, 25,000,000 shares from option exercises at 0.06p and 0.08p, and 8,852,531 shares issued at 0.106748p to settle £9,450 in consultant fees. These new shares will be admitted to trading on AIM around September 15, 2026, bringing the Company's total issued share capital to 22,424,525,088 ordinary shares.

Full announcement

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Bezant (AIM: BZT), the copper-gold exploration and development company, announces that it has issued a total of 85,852,531 fully paid ordinary shares of 0.002p each in the Company ("Shares") which when issued will rank pari passu with the existing ordinary shares in the Company (the "New Shares"). The New Shares comprise

52,000,000 shares issued pursuant to the exercise of warrants at a price of 0.06p per share in terms of the fundraising announced on 4 December 2023 ("Warrant Exercise Shares");
12,500,000 shares issued pursuant to the exercise of March 2024 share options announced on 15 March 2026 at a price 0.06p per share and 12,500,000 shares issued pursuant to the exercise of March 2024 share options at a price 0.08p per share ("Share Option Shares"); and
8,852,531 share issued at a price of 0.106748p per share to settle GBP 9,450 of fees due to a consultant in relation to the period ended 30 June 2026 ("Consultant Shares")

Application to trading on AIM: Application will be made to the London Stock Exchange for the Warrant Exercise Shares, Share Option Shares and Consultant Shares (together "New Shares") to be admitted to trading on AIM. It is expected that admission will become effective and that dealings in the New Shares will commence at 8.00 a.m. on or around 15 September 2026 (the "Admission").

Issued Share Capital: Following the issue of the 85,852,531 New Shares the Company's total issued share capital will consist of 22,424,525,088 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 22,424,525,088 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.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.