Business
Result of General Meeting and Board Changes
Result of General Meeting and Board Changes.
About this update from Bezant Resources Plc
[{"type":"text","content":"\n \nRNS Number : 3918G Bezant Resources PLC 01 March 2018 \n\n1 March 2018\n \nBezant Resources Plc\n(\"Bezant\" or the \"Company\")\n \nResult of General Meeting and\nAppointment of Executive Chairman \nBezant (AIM: BZT), the AIM quoted mineral exploration and development company, announces that the resolutions proposed at the General Meeting (\"GM\") held earlier today, as set out in the notice dated 12 February 2018, were all duly approved by shareholders. \nThe purpose of the GM was to seek shareholder approval for the issue of the Tranche Two Shares and Warrants in respect of the recent equity fundraising, as set out and defined in the Company's announcement of 5 February 2018, and to update the relevant Board authorities to allot the Company's shares.\nAccordingly, application has been made for the 88,888,889 Tranche Two Shares to be admitted to trading on AIM (\"Admission\"). It is expected that Admission will become effective and that dealings in the Tranche Two Shares will commence at 8.00 a.m. on 2 March 2018.\nFollowing the issue of the abovementioned Tranche Two Shares, the Company's total issued share capital will consist of 745,606,371 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. The Tranche Two Shares will be fully paid and will rank pari passu in all respects with the Company's existing ordinary shares.\n \nOn Admission of the Tranche Two Shares, the above figure of 745,606,371 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 and Transparency Rules.\n \nBoard Changes\nWith effect from Admission and further to the Company's announcement of 5 February 2018, Mr Colin Bird will be appointed to the Board of the Company as Executive Chairman and Mr Edward Nealon will step down from the role of Chairman and as a non-executive director to the Board. Mr Bird intends to work closely with Mr Laurence Read, Chief Executive Officer, towards realising value from the Company's current asset portfolio commencing with a full geological and corporate ...