Capitalisation of amounts owing to Directors & TVR

RNS Number : 4075E

Wishbone Gold PLC

18 October 2018

 

18 October 2018                                           

 Wishbone Gold Plc

("Wishbone" or the "Company")

Wishbone Gold Plc / Index: AIM: WSBN / Sector: Natural Resources / NEX: WSBN 

Capitalisation of amounts owing to Directors and Total Voting Rights

Capitalisation of amounts owing to Directors 

Further to its announcement of 17 October 2018, the Company announces that it has today issued and allotted, subject to admission to trading on AIM and NEX Growth Market, 212,210,545 ordinary shares of 0.1 pence each ("Ordinary Shares") to the Directors of the Company.  This is a result of the capitalisation of liabilities totalling £233,431.60, representing amounts of fees and expenses owed to directors up to 30 September 2018 (the "Capitalisation Shares"). The Capitalisation Shares have been issued at a price of 0.11 pence per share, being the mid-market closing price on 17 October 2018.

An application will be made to admit to trading on 31 October 2018, on both AIM and NEX Exchange Growth Market ("Admission"):

·     the Capitalisation Shares; and

·     the 566,764,286 new Ordinary Shares issued as part of the placing announced on 17 October 2018.

(Collectively, the "New Ordinary Shares").

Following the issue of the New Ordinary Shares, the Directors' holdings of Ordinary Shares will be as follows:

Director	Current Holding (Number)	Capitalisation Shares being issued (Number)	Holding following Admission
			Number	%
Richard Poulden1	428,691,771	156,301,318	584,993,089	28.1
Michael Mainelli2	15,091,783	16,098,409	31,190,192	1.5
Jonathan Harrison3	23,076,200	19,924,582	43,000,782	2.1
Alan Gravett	12,196,721	19,886,236	32,082,957	1.5

Notes:

1. Richard Poulden holds his Ordinary Shares in the Company as follows (and all such Ordinary Shares (other than those of Black Swan Plc) are registered in the name of Ashton Nominees Inc.):

a) 2,000,000 Ordinary Shares belong to Richard Poulden's infant children.

b) 22,642,857 Ordinary Shares will be held through the Malvern Trust, a trust for the benefit of Richard Poulden and his family;

c) 32,505,062 Ordinary Shares will be held by Black Swan Plc of which Richard Poulden is the Chairman; and

d) 371,543,852 Ordinary Shares held by Black Swan FZE, which is a wholly owned subsidiary of Black Swan Plc.

2. 15,091,783  Ordinary Shares are held by Fairway Trust Limited. These shares are held for the Z/Yen Employee Benefits Trust. Michael Mainelli is a director of Z/Yen Group Limited and a potential beneficiary of The Z/Yen Group Employee Benefits Trust.

3. Jonathan Harrison holds 5,092,824 Ordinary Shares in the Company in his own name and 17,983,376 through EasyBusiness Consulting Ltd.

Total Voting Rights

Following Admission, the Company's total issued and voting share capital will comprise of 2,084,231,466 Ordinary Shares. This figure may be used by shareholders 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, securities of the Company.

For more information on Wishbone please visit the Company's website www.wishbonegold.com

 Enquiries:

 Wishbone Gold PLC

Richard Poulden, Chairman                                         Tel: [phone]

 Allenby Capital Limited

(Joint Broker, Corporate Adviser and Nominated Adviser)

Nick Naylor/Nick Harriss                                              Tel: [phone]

Turner Pope Investments (TPI) Limited

(Joint Broker)

Ben Turner / James Pope / Andy Thacker                 Tel: [phone]

 Damson Communications

(Public Relations)

Abigail Stuart-Menteth/Amelia Hubert                      Tel: [phone]

 

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