Conversion of Directors Fees into Shares

RNS Number : 1839O

Wishbone Gold PLC

16 August 2017

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR").

Wishbone Gold Plc

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

Wishbone Gold PLC ("Wishbone Gold" or the "Company")

Conversion of Directors Fees into Shares

Wishbone Gold plc, the trading and exploration company focused on precious metals (gold and silver), announces that its directors have accepted new ordinary shares of 0.1p in the Company ('Ordinary Shares') as payment for their services and expenses for the period ended 31 March 2017.

Once again, the directors show confidence in projected growth of the business by taking fees in shares.

The Company has approved the conversion of £125,329 representing amounts of fees and expenses owed to relevant directors up to the 31 March 2017 into 18,567,367 Ordinary Shares ('New Ordinary Shares'), which have been issued at 0.675p per Ordinary Share, being the closing price on 15 August 2017. Application has been made for the New Ordinary Shares to be admitted to AIM and dealings are expected to commence on 22 August 2017.

This results in the Directors' shareholdings being as follows:

Directors Holding	Current Holding Number	New Ordinary Shares being issued Number	Holding following admission of New Ordinary Shares
			Number	%
Richard Poulden1	417,226,971	11,464,800	428,691,771	36.11
Michael Mainelli2	11,696,721	3,395,062	15,091,783	1.27
Jonathan Harrison3	21,220,546	1,855,654	23,076,200	1.94
George Cardona	18,609,163	1,851,851	20,461,014	1.72

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.):

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

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

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

2. 11,696,721 Ordinary Shares are held by Hawksford Jersey Limited for the trustees of the Z/Yen Employee Benefits Trust. Michael Mainelli is a director of Z/Yen Group Limited. Z/Yen Group Limited is wholly owned by Z/Yen Holdings Limited, which in turn is wholly owned by Z/Yen Contents Limited. Michael Mainelli holds 46.6% of the issued ordinary shares and 35% of the entire issued share capital (which includes some B shares) in Z/Yen Contents Limited. Michael's wife, Elisabeth Mainelli, owns 6.7% of the issued ordinary shares and 5% of the entire issued share capital in Z/Yen Contents Limited. Together they own 53.3% of the issued ordinary shares and 40% of the entire issued share capital in Z/Yen Contents Limited.

3. Jonathan Harrison holds 5,092,824 Ordinary Shares in the Company in his own name and 16,127,722 through Easy Business Consulting Ltd

Total voting rights

Following the issue of the New Ordinary Shares, Wishbone Gold's total issued and voting share capital will comprise of 1,187,124,768 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.

-      ENDS -

For further information, please contact:

Wishbone Gold Plc

Richard Poulden, CEO                                               Tel: [phone]

Allenby Capital

James Thomas                                                              Tel: [phone]

Damson Communications

Amelia Hubert                                                             Tel: [phone]

The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction as described above.  

The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction as described above.  

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Richard O'Dell Poulden
2	Reason for the notification
a)	Position/status	Chairman & Chief Executive Officer
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Wishbone Gold Plc
b)	LEI	2138004613I4SZQHSV87
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 0.1 pence  GI000A1JU9R7
b)	Nature of the transaction	Conversion of director fees into shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.00675 11,464,800
d)	Aggregated information -    Aggregated volume -    Price	11,464,800 £0.00675
e)	Date of the transaction	16 August 2017
f)	Place of the transaction	London Stock Exchange

The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction as described above.  

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Michael Mainelli
2	Reason for the notification
a)	Position/status	Non-executive director
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Wishbone Gold Plc
b)	LEI	2138004613I4SZQHSV87
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 0.1 pence  GI000A1JU9R7
b)	Nature of the transaction	Conversion of director fees into shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.00675 3,395,062
d)	Aggregated information -    Aggregated volume -    Price	3,395,062 £0.00675
e)	Date of the transaction	16 August 2017
f)	Place of the transaction	London Stock Exchange

The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction as described above.  

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jonathan Harrison
2	Reason for the notification
a)	Position/status	Non-executive director
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Wishbone Gold Plc
b)	LEI	2138004613I4SZQHSV87
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 0.1 pence  GI000A1JU9R7
b)	Nature of the transaction	Conversion of director fees into shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.00675 1,855,654
d)	Aggregated information -    Aggregated volume -    Price	1,855,654 £0.00675
e)	Date of the transaction	16 August 2017
f)	Place of the transaction	London Stock Exchange

The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction as described above.  

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	George Cardona
2	Reason for the notification
a)	Position/status	Non-executive director
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Wishbone Gold Plc
b)	LEI	2138004613I4SZQHSV87
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 0.1 pence  GI000A1JU9R7
b)	Nature of the transaction	Conversion of director fees into shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.00675 1,851,851
d)	Aggregated information -    Aggregated volume -    Price	1,851,851 £0.00675
e)	Date of the transaction	16 August 2017
f)	Place of the transaction	London Stock Exchange

 

END

 

 

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