Partial Conversion of Funding Facility & TVR
Summary by AI BETAClose X
6 November 2026
Bezant Resources Plc
(“Bezant” or the “Company”)
Partial Conversion of Funding Facility, Total Voting Rights
Bezant (AIM: BZT) announces that i) Sanderson Capital Partners Limited (“Sanderson”) has assigned £175,000 of its £700,000 loan under the unsecured convertible loan funding facility entered into with Sanderson Capital on 22 November 2021 as subsequently amended and extended by addendums dated 14 June 2023, 4 March 2025, 26 February 2025 and 10 June 2026 (the “Sanderson Facility”) to Clive Roberts (the “Assigned Loan”) ii) Clive Roberts has submitted a conversion notice in relation to the Assigned Loan and accordingly the Company will issue and allot 700 million new ordinary shares of 0.002p each in the Company (the “Conversion Shares”) to Clive Roberts; and iii) accordingly only £525,000 of the Sanderson Facility remains outstanding (the “Outstanding Loan”). The Conversion Shares when issued will rank pari passu with the existing Ordinary Shares in the Company. Sanderson which is a long time shareholder of the Company has agreed that any shares issued to it on conversion of the Outstanding Loan to be locked up until 31 March 2027.
Application will be made to the London Stock Exchange for the Conversion Shares to be admitted to trading on AIM. It is expected that admission will become effective and that dealings in the Conversion Shares will commence at 8.00 a.m. on or around 12 November 2026 (the “Admission”).
Following the issue of the Conversion Shares the Company’s total issued share capital will consist of 23,632,525,088 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.
On Admission, the above mentioned figure of 23,632,525,088 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.
For further information:
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Bezant Resources Plc Colin Bird Executive Chairman
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+44 (0) 20 3416 3695 |
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Beaumont Cornish Limited (Nominated Adviser)
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+44 (0) 20 7628 3396 |
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AlbR Capital Limited (Joint Broker) Jon Belliss
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+44 (0) 20 7399 9425 |
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Shard Capital Partners LLP (Joint Broker) Damon Heath |
+44 (0) 20 7186 9952 |
or visit http://www.bezantresources.com
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
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