Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Wishbone Gold PLC RNS Release

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: +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)

 

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

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHGMGMRFVGGNZM



Wishbone Gold PLC Timeline

Newswire
February 09 2017

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use