Business
Update re Return of Capital and New GM
Update re Return of Capital and New GM.
About this update from Bezant Resources Plc
[{"type":"text","content":"\n \nRNS Number : 6875C Bezant Resources PLC 19 April 2013 \n \n\n \n19 April 2013\n \nBezant Resources Plc\n(\"Bezant\" or the \"Company\")\n \nUpdate re: Proposed Capital Reduction and Return of Capital\n \nNotice of New General Meeting and Revised Timetable\nBezant (AIM: BZT), the AIM listed gold and copper exploration and development company operating in the Philippines and Argentina, announces that the General Meeting convened on 9 April 2013 has subsequently been discovered to be inquorate, due to there being too few shareholders eligible to vote in attendance, and therefore the meeting was void. Accordingly, the Company is today posting a further circular (the \"New Circular\"), incorporating formal notice of a new general meeting, to seek the approval of Shareholders for, inter alia, the proposed cancellation of the Company's two classes of deferred shares and part of its share premium account and the proposed return of capital of, in aggregate, approximately £5.2m (8p per ordinary share) to shareholders, other than Gold Fields Netherlands Services B.V. (\"Gold Fields\").\nThe new general meeting which is required to be convened is to be held at 10.00 a.m. on Tuesday 7 May 2013 at the offices of Joelson Wilson LLP, 30 Portland Place, London WIB 1LZ. Accordingly, the New Circular and formal notice of the New General Meeting is today being posted, together with a form of proxy, to those shareholders who have elected to receive hard copy shareholder communications from the Company and will today also be made available to download from the Company's website at www.bezantresources.com.\nThe background and explanatory information included in the circular to the Company's shareholders dated 18 March 2013 (the \"Original Circular\") that accompanied the original notice of general meeting (the \"Original Notice\") is repeated in the New Circular for the benefit of Shareholders who may have acquired their Shares since the date of the Original Circular and Original Notice. In addition, amendments have been made to the text of the Resolutions contained in the Original Notice to simplify and reduce the number of Resolutions and to take account of the transfer by Gold Fields of its Subscription Shares to Vidacos Nominees Limited, to hold in its capacity as nominee, since the date of the Original C...