Result of Court Hearing

RNS Number : 3341F

Bezant Resources PLC

22 May 2013

 



22 May 2013

Bezant Resources Plc

("Bezant" or the "Company")

Result of Court Hearing

Bezant (AIM: BZT), the AIM listed gold and copper exploration and development company operating in the Philippines and Argentina, announces that at a hearing held earlier today, the Companies Court of the Chancery Division of the High Courts of Justice approved the reduction of capital of the Company (the "Capital Reduction"), details of which were contained in the circular to shareholders dated 19 April 2013 (the "Circular").

The Capital Reduction is expected to become effective tomorrow, 23 May 2013, in order to effect the return of capital to Shareholders, other than in respect of any of the 17,945,922 Shares which were transferred by Gold Fields on or around 22 March 2013 to Vidacos Nominees Limited, as set out in the Circular.

The dispatch of cheques and crediting of CREST accounts in respect of the return of capital, as described in the Circular, is expected to take place on or around 30 May 2013.

For further information, please contact:

Gerry Nealon Executive Chairman, Bezant Resources Plc                              Bernard Olivier Chief Executive Officer, Bezant Resources Plc     Laurence Read Director / Communications Officer, Bezant Resources Plc                            James Harris / Matthew Chandler / David Altberg Strand Hanson Limited                                                           James Maxwell / Jenny Wyllie N+1 Singer                                               or visit http://www.bezantresources.com

Tel: [phone] Tel: [phone] Tel: [phone] Tel: [phone] Tel: [phone] Tel: [phone]

 

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