18th Nov 2025 14:47
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR
18 November 2025
Wishbone Gold Plc
("Wishbone" or the "Company")
General Meetings
Share Consolidation
Total Voting Rights
Further to the announcement of 6 November 2025 relating to the annual general meeting of shareholders ("AGM") and extraordinary general meeting ("EGM") to be held on 28th November 2025 at 11:00am (CET) and 11:15am (CET) respectively at Hassans International Law Firm, Madison Building, Midtown, Queensway, GX11 1AA, Gibraltar. Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), today announces details of the share consolidation resolution being put to shareholders at the EGM.
Capital Reorganisation
The Company currently has 3,022,586,460 Existing Ordinary Shares. The Directors consider that it is in the best interests of the Company's long term development as a public quoted company to have a more manageable number of issued ordinary shares and to have a higher share price.
The Capital Reorganisation, which comprises a consolidation and subdivision of shares, has been structured in such a way that each of the New Ordinary Shares created pursuant to the Capital Reorganisation shall have a nominal value of 0.1 pence. This is achieved by a consolidation of every 100 Existing Ordinary Shares into one Consolidated Share followed by an immediate subdivision of each Consolidated Share into one New Ordinary Share of 0.1 pence and one Deferred B Share of 9.9 pence.
Resulting issued share capital and Total Voting Rights
The issued share capital of the Company immediately following the Capital Reorganisation (assuming it is approved by the Shareholders) is expected to comprise 30,225,865 New Ordinary Shares and 30,225,865 Deferred B Shares.
The total number of voting rights in the Company will therefore be 30,225,865 and this figure may be used by Shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Admission of the New Ordinary Shares
Application will be made for the New Ordinary Shares to be admitted to trading on AIM and AQSE ("Admission") in place of the Existing Ordinary Shares. It is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence on 1 December 2025.
New ISIN and SEDOL
The Company has applied for a new ISIN and SEDOL which are set out in Appendix One below and which will become effective following the Capital Reorganisation.
Letters to shareholders on the AGM and EGM were posted on 6 November 2025, and copies of the notices and forms can be found on the Company's website www.wishbonegold.com.
For more information on Wishbone, please visit the Company's website.
www.wishbonegold.com.
Unless otherwise defined, capitalised terms used in this announcement shall have the same meaning as those defined in the letters to Shareholders.
For further information, please contact:
Wishbone Gold PLC | |
Richard Poulden, Chairman | Tel: +971 4 584 6284 |
Beaumont Cornish Limited | |
(Nominated Adviser and AQUIS Exchange Corporate Adviser) | |
Roland Cornish/Rosalind Hill Abrahams | Tel: +44 20 7628 3396 |
Cranborne Communications Ltd | |
George Hudson | Tel: +44 7803 603130 |
Beaumont Cornish Limited ("Beaumont Cornish"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser to the Company in connection with this announcement and will not regard any other person as its client and will not be responsible to anyone else for providing the protections afforded to the clients of Beaumont Cornish or for providing advice in relation to such proposals. Beaumont Cornish has not authorised the contents of, or any part of, this document and no liability whatsoever is accepted by Beaumont Cornish for the accuracy of any information, or opinions contained in this document or for the omission of any information. Beaumont Cornish as nominated adviser to the Company owes certain responsibilities to the London Stock Exchange which are not owed to the Company, the Directors, Shareholders, or any other person.
APPENDIX ONE
EXPECTED TIMETABLE OF PRINCIPAL EVENTS
Publication of letters to Shareholders | 6 November 2025 |
Latest time and date for return of Forms of Proxy | 11:15 a.m. (CET), 26 November 2025 |
Latest time and date for return of Forms of Instruction | 11:15 a.m. (CET), 25 November 2025 |
General Meeting | 11:15 a.m. (CET), 28 November 2025 |
Record Time for the Capital Reorganisation and final date of trading for the Existing Ordinary Shares | 6:00 p.m., 28 November 2025 |
Admission effective and dealings in the New Ordinary Shares expected to commence on AIM, AQSE and CREST accounts credited | 8:00 a.m., 1 December 2025 |
Expected date for despatch of definitive certificates for New Ordinary Shares | 14 days After admission |
Notes:
1. References to times and dates are to times and dates in London GMT (unless otherwise stated).
2. The timing of the events set out in the above timetable and in the letters to Shareholders is indicative only. If any of the above times and/or dates should change, the revised times and/or dates will be notified via an announcement through a Regulatory Information Service.
3. Temporary documents of title will not be issued.
KEY STATISTICS
Conversion ratio of Existing Ordinary Shares to Consolidated Shares is 100 Existing Ordinary Shares : 1 Consolidated Share
Number of Existing Ordinary Shares 3,022,586,460
Expected number of New Ordinary Shares in issue following the Capital Reorganisation 30,225,865
Expected number of Deferred B Shares in issue following the Capital Reorganisation 30,225,865
ISIN code for the New Ordinary Shares GI000A41V1Y7
SEDOL for the New Ordinary Shares BSSBXC3
Related Shares:
Wishbone