REG - Wishbone Gold PLC - General Meetings, Share Consolidation and TVR

Wishbone GoldAnnouncement

18/11/2025 15:00

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RNS Number : 0394I  Wishbone Gold PLC  18 November 2025

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

 

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

www.wishbonegold.com (http://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   6:00 p.m., 28 November 2025
 Existing Ordinary Shares
 Admission effective and dealings in the New Ordinary Shares expected to        8:00 a.m., 1 December 2025
 commence on AIM, AQSE and CREST accounts credited
 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

 

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