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Last checked at 
16 Aug 2017 14:04
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: +44 207 812 0645
Allenby Capital
James Thomas Tel: +44 20 3328 5656
Damson Communications
Amelia Hubert Tel: +44 207 812 0645
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)
|
| ||||
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)
|
| ||||
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)
|
| ||||
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)
|
| ||||
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 | ||||
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