RNS translated into english7 Nov 2025 08:25
Arcadis
Certainly! Here’s a layperson’s summary of the document you provided about the Wishbone Gold Plc shareholder meeting and share reorganisation:
Summary in Plain English
1. Why Is This Document Important?
This letter is telling you (a shareholder) about big changes proposed for the company’s shares and rules.
You should read the document carefully. If you are unsure what it means, get professional financial advice.
2. What’s Happening With the Shares?
Wishbone Gold Plc is planning to reorganise its shares:
Currently there are over 3 billion shares.
The company wants to reduce this to about 30 million shares.
This is done by combining every 100 old shares into 1 new share (called Consolidation), then splitting that new share into two types: a “New Ordinary Share” and a “Deferred B Share.”
The aim is to:
Make the share price higher (because there are fewer shares).
Make the number of shares more manageable and similar to other companies.
Improve how easily shares can be bought and sold.
3. What Do You Need to Do?
There’s a General Meeting on 28 November 2025 where shareholders will vote on these changes.
You get a Form of Proxy and Form of Instruction with the document:
If you can’t attend, fill in and return these forms by the deadline so someone else can vote for you.
Deadlines are 25 November for Form of Instruction, 26 November for Form of Proxy.
You can still attend in person and vote if you want.
4. What If You Sell Your Shares?
If you sell ALL your shares, send this document and forms to the new owner.
If you sell only SOME of your shares, keep the documents.
5. What Else Is Changing?
The company is updating its rules (“Articles of Association”) to allow for the new types of shares.
Directors will have renewed authority to issue more shares over the next 5 years.
Some rules that protect existing shareholders from dilution (pre-emption rights) may be temporarily removed for new share issues.
6. What Happens After the Meeting?
If shareholders approve the changes, the new shares will start trading on the AIM and AQSE stock exchanges from 1 December 2025.
Old share certificates will no longer be valid. New certificates for your new shares will be sent to you after the changes.
If you have less than 100 shares, you may no longer be a shareholder after the reorganisation.
7. Other Important Notes
This document is not offering you new shares to buy or sell, it’s just about changes to existing shares.
If you’re outside the UK, there may be restrictions on what you can do with this information or shares.
If you have options or warrants, their terms will be adjusted to fit the new share structure.
8. Board Recommendation
The company’s Board believes these changes are good for the company and recommends shareholders vote “YES.”
9. What Should You Do Now?
Read the document in full.
If you have questions or are unsure, get independent financial advice.
Decide how you want
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