Business
Result of Annual General Meeting
Result of Annual General Meeting.
About this update from Bezant Resources Plc
[{"type":"text","content":"\n \nRNS Number : 1577A Bezant Resources PLC 24 May 2019 \n\n24 May 2019\nBezant Resources Plc\n(\"Bezant\" or the \"Company\")\n \nResult of Annual General Meeting\nBezant (AIM: BZT), the copper-gold exploration and development company, announces that the resolutions proposed at its Annual General Meeting (\"AGM\") held earlier today, as set out in the notice dated 30 April 2019, were all duly approved by shareholders. \n \nShare Capital Reorganisation\nAt the AGM, a resolution to approve the reorganisation of the Company's share capital was passed in order to reduce the nominal value of the Company's ordinary shares such that the Company is then able to issue new ordinary shares at a price below £0.02 per ordinary share in the event that the Directors seek to raise additional equity finance at such a price to provide, inter alia, additional working capital for the group. Pursuant to this resolution, every existing ordinary share in the capital of the Company in issue of £0.002 each (\"Existing Ordinary Shares\") will be re-designated and sub-divided into 1 (one) new ordinary share of £0.00002 each (\"New Ordinary Shares\") and 1 (one) deferred share of £0.00198 each (\"Deferred Shares\") with effect from the close of business today. Accordingly, trading in the Company's Existing Ordinary Shares on AIM will cease with effect from the close of business today. \n \nThere are currently 998,773,038 Existing Ordinary Shares and application has been made to the London Stock Exchange for 998,773,038 New Ordinary Shares to be admitted to trading on AIM (\"Admission\"), and Admission is expected to become effective and dealings in the 998,773,038 New Ordinary Shares are expected to commence at 8.00 a.m. on Tuesday 28 May 2019. On Admission, the Company's issued ordinary share capital will consist of 998,773,038 New Ordinary Shares with voting rights. Prior to the Share Capital Reorgani...