REG - Wishbone Gold PLC - Appointment of New Chairman

Wishbone GoldAnnouncement

26/11/2024 12:00

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RNS Number : 7175N  Wishbone Gold PLC  26 November 2024

 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

 

 

 

 

26 November 2024

 

Wishbone Gold Plc

("Wishbone" or the "Company")

Index: AIM: WSBN / Sector: Natural Resources / AQSE: WSBN

 

Appointment of New Chairman

 

Wishbone Gold Plc is pleased to announce the appointment of Anthony ("Tony")
Moore as the Chairman of the Company with immediate effect.

 

Tony graduated from Exeter University and entered the City in 1968. In 1983 he
established and ran the Goldman Sachs office in Hong Kong which at the time
was only the firm's second office in Asia. In 1988 he returned to London with
Goldman Sachs and worked on various mandates including the privatisation of
the UK electricity industry.

 

Since leaving Goldman Sachs in 1991, Tony has founded and been executive
chairman of companies providing corporate finance and asset management
services to a wide variety of companies across a range of sectors.  He has
lived and worked in the USA, UK, France, Japan and Hong Kong and has done
business in 30 or more countries worldwide. In addition, Tony has chaired or
been a non-executive director ("NED") of multiple public and private companies
in the USA, UK, Europe and Hong Kong.

 

Tony brings with him a wealth of contacts with companies in natural resources,
water provision and other areas of interest to Wishbone.

 

Richard Poulden, commented:

"I have known Tony for many years and hold him in high regard. With Tony's
appointment as Chairman I will step back to be Deputy Chairman. This is a
pivotal time for the Company as we will be making further management
appointments in due course and are looking to expand the number of businesses
in the Wishbone portfolio."

 

Anthony Moore, commented:

"Richard and I have worked together over many years and I look forward to
working together again and taking Wishbone into new fields of expansion."

 

 

Information required to be disclosed under Schedule 2(g) of the AIM Rules:

Anthony Roger Moore, aged 79

 

Current Directorships
 Past Directorships (within the last 5 years)

Evrensel Global Investments
Inc                          Warm Home Group Limited

Evrensel Global Resources Ltd
                           Evrensel Capital Partners
PLC

Lyn Enterprises Ltd

 

Additional required disclosures:

 

(i)         In March 2011, the United States Securities and Exchange
Commission ("SEC") decided to close off various matters concerning the Equus
group of funds. It censured Mr Moore and accepted his offer to pay $25,000
over 12 months as a civil settlement and recorded the following summary of the
details in their order:

 

"Moore, who controlled Equus's new investment adviser, knew about the senior
vice president's stock-option premium before the new adviser took over on June
30, 2005. The same day, however, he sought reimbursement of $535,000 from the
Fund for "unforeseen" expenses, most of which covered the stock-option
premium. Moore did not inform Equus's board or its CFO that the reimbursement
request related to the premium. Equus's subsequent Commission filings, signed
by Moore, contained inaccurate statements relating to the premium payment. As
a result of the foregoing, Moore violated or caused violations of antifraud
and other provisions of the federal securities laws."

 

(ii)        Mr Moore was Executive Chairman/Director and majority owner
of Evrensel Capital Partners PLC which was struck-off the Register of
Companies in Jersey and the company dissolved on 01 November 2024. The Jersey
Financial Services Commission ("JSFC") originally issued a public warning
against this company for (apparently) engaging in activities for which it was
not authorised. Mr Moore has confirmed to Wishbone that after investigation,
the warning was withdrawn from the JSFC's website which now states, in
relation to the aforesaid company amongst others, that it has decided to
remove the statements from the live public statement section of its website
"due to the passage of time or other relevant factors which have reduced
regulatory relevance".

 

 

For more information on Wishbone, please visit the Company's website.

www.wishbonegold.com (http://www.wishbonegold.com) .

 

END

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

 Tavira Financial Limited
 (Broker)
 Chris Kipling                                             Tel: +44 20 3833 3742

 SP Angel Corporate Finance LLP
 (Broker)
 Ewan Leggat                                               Tel: +44 20 3470 0470

 Soho Communications Ltd
 (Financial PR)
 George Hudson                                             Tel: +44 78 0360 3130

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

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