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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ashington Innovation Plc | LSE:ASHI | London | Ordinary Share | GB00BNM4K334 | ORD GBP0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.475 | -34.55% | 0.90 | 0.80 | 1.00 | 1.375 | 0.90 | 1.375 | 250,000 | 13:07:52 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMASHI
RNS Number : 8310S
Ashington Innovation PLC
08 November 2023
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014, as retained as part of the law of England and Wales. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
Press Release
8 November 2023
Ashington Innovation plc
("Ashington" or "the Company")
Board changes
Ashington Innovation plc (LSE: ASHI; FSE: 6FW), a special purpose acquisition company, is pleased to announce that Richard Paolone and Daniel Nauth have been appointed as non-executive directors with immediate effect to further strengthen the board.
Mr. Paolone is the principal lawyer of Paolone Law Professional Corporation and brings significant experience consulting and advising some of the leading portfolio managers in North America. Mr. Paolone is a Toronto-based securities lawyer where his work focuses on securities, corporate finance, and mergers and acquisitions. He has a wide range of corporate experience from representing companies in private and public offerings of debt and equity securities. Furthermore, Mr. Paolone has been integral to multiple mergers and acquisitions and reverse takeover transactions in the industries of mining, cannabis, carbon credits, oil and gas, technology, and plant-based food. Mr. Paolone currently serves as Director and CEO of several private and reporting companies.
Daniel Nauth is a legal expert with over a decade of experience gained on both Wall Street in the U.S. and Bay Street, the centre of Toronto's Financial District. He has deep experience across U.S. securities and corporate law, specialising in advising both public and private issuers across U.S.-Canada cross-border capital markets, mergers, and acquisitions, corporate and securities transactions, and regulatory compliance. His extensive advisory experience spans various industries including mining, oil and gas, emerging biopharmaceuticals, medical devices, medicinal cannabis, cryptocurrencies, and blockchain technology. Transactions that Mr. Nauth has supported include a number of seven-figure financings and business combinations.
Chris Disspain has resigned as a non-executive director with immediate effect and the Board wishes to record its appreciation for his significant contribution to the Company.
Jason Smart, Director of Ashington Innovation, commented: "We are delighted to welcome Richard and Daniel as non-executive directors, both bringing a wealth of expertise to our Board. Richard's extensive legal background, coupled with his C-suite experience, and Daniel's specialisation in U.S. securities, corporate law and business combinations, complement the Board and their appointments highlight our commitment to robust governance and our underlying strategy."
For further information please contact:
Ashington Innovation plc Jason Smart via Tancredi +44 207 887 Non-Executive Director 7633 ------------------------- Tancredi Intelligent Communication Media Relations ------------------------- Helen Humphrey Charlie Hobbs + 44 7449 226 720 Jasmine Gadhavi +44 7897 557 112 ashington@tancredigroup.com +44 7931 435 236 -------------------------
About Ashington Innovation plc
Ashington Innovation PLC is a special purpose acquisition company (SPAC), formed with the intention of acquiring businesses operating in the technology sector, in particular the financial services technology and deep technology sectors.
The Company believes that in the increasingly fast-changing global environment there will be an abundance of opportunities to acquire existing businesses in the technology sector, and in particular businesses that possess and utilise proprietary technologies and own applicable intellectual property.
The Company is not limited to any specific geographic region in identifying its target companies. www.ashingtoninnovationplc.com
Listing Rules Disclosures
Ashington hereby makes the following disclosures in respect of Richard Paolone's and Daniel Nauth's former and current directorships and external roles:
Richard Paolone
Company Name Position Term Public Issuers Evolution Global Frontier Ventures Corp. (formerly Ascension Exploration Director Feb 2019 - Oct 2019 Inc.) -------------------- --------------------- Evolution Global Frontier Ventures Corp. (formerly Ascension Exploration Director Sept 2020 - Jan 2021 Inc.) -------------------- --------------------- Rotonda Ventures Corp. Director, CEO Feb 2019 - Present -------------------- --------------------- Red Pine Petroleum Ltd. Director May 2019 - Sept 2021 -------------------- --------------------- Red Pine Petroleum Ltd. CEO Oct 2020 - Sept 2021 -------------------- --------------------- 1143990 BC Ltd. Director, CEO Jun 2019 - Present -------------------- --------------------- Canam Biotech Inc. Director Jul 2019 - Jan 2021 -------------------- --------------------- Republic Goldfields Inc. Director, CEO, CFO Feb 2021 - Present -------------------- --------------------- Emerald Isle Resources Inc. Director, CEO, CFO Feb 2021 - Present -------------------- --------------------- 1169032 B.C. Ltd Director, CEO Jun 2021 - Present -------------------- --------------------- 1210353 B.C. Ltd Director, CEO Dec 2021 - Jun 2022 -------------------- --------------------- 1319735 B.C. Ltd CEO Dec 2021 - Present -------------------- --------------------- 1319738 B.C. Ltd 10% Holder Feb 2022 - Jan 2023 -------------------- --------------------- Critical Infrastructure Technologies Ltd. (formerly 1319275 B.C. Ltd) Director Apr 2022 - Present -------------------- --------------------- 0755461 B.C. Ltd (formerly Pro Minerals Inc.) Director, CEO, CFO May 2022 - Present -------------------- --------------------- SBD Capital Inc. Director Dec 2022 - Present -------------------- --------------------- CoinAnalyst Corp. Director Jan 2023 - Apr 2023 -------------------- --------------------- Xander Resources Inc. Director Jun 2023 - Present -------------------- --------------------- Private Issuers Paolone Law Professional Corporation (formerly Paolone Capital Corp) Director, President Jul 2019 - Present -------------------- --------------------- Aureum Exploration Inc. Director Jun 2019 - Present -------------------- --------------------- Monteoro Minerals Ltd. Secretary Dec 2020 - Present -------------------- --------------------- Altesino Capital Corp. CEO Oct 2020 - Present -------------------- ---------------------
Biondi Ventures Inc. Director, President Jan 2021 - Present -------------------- --------------------- 2818390 Ontario Corp Director, President Feb 2021 - Present -------------------- --------------------- Newton Gold Corp. (formerly 5050565 Ontario Inc.) Director, CEO Jun 2021 - Present -------------------- --------------------- 1207326 BC Ltd Director Aug 2021 - Present -------------------- --------------------- Zaryadka Lithium Corp Director, President Nov 2021 - Present -------------------- --------------------- 1210380 BC Ltd Director Dec 2021 - Present -------------------- --------------------- 1209629 BC Ltd Director Jan 2022 - Present -------------------- --------------------- 1211319 BC Ltd Director Jan 2022 - Present -------------------- --------------------- 1208614 BC Ltd Director Feb 2022 - Present -------------------- --------------------- 1207335 BC Ltd Director Feb 2022 - Present -------------------- --------------------- 1207378 BC Ltd Director Feb 2022 - Present -------------------- --------------------- JAMR Acquisition Corp. Director Mar 2022 - Present -------------------- --------------------- Irruptive Metals Inc. Director, President May 2022 - Present -------------------- --------------------- 1000265273 Ontario Inc. Director Jul 2022 - Present -------------------- --------------------- Stockwire Inc. Director Apr 2023 - Present -------------------- ---------------------
Daniel Nauth
Company Name Position Term Public Issuers Bhang Inc. Director July 2019 - Present --------- ------------------------------ Medicus Pharma Ltd. (formerly Interactive Capital Partners Corporation) Director August 2020 - September 2023 --------- ------------------------------ Cybeats Technologies Corp. Director April 2020 - November 2022 --------- ------------------------------ SBD Capital Corp. Director May 2020 - June 2022 --------- ------------------------------ CoinAnalyst Corp. Director January 2023 - April 2023 --------- ------------------------------ DevvStream Holdings Inc. Director February 2022 - November 2022 --------- ------------------------------ Biomind Labs Inc. Director January 2021 - July 2021 --------- ------------------------------ QcX Gold Corp. Director October 2019 - Present --------- ------------------------------ Radio Fuels Energy Corp. Director June 2021 - December 2021 --------- ------------------------------ Private Issuers 1329291 B.C. Ltd. Director February 2018 - November 2023 --------- ------------------------------ 1329293 B.C. Ltd. Director February 2018 - Present --------- ------------------------------ 1329295 B.C. Ltd. Director February 2018 - Present --------- ------------------------------ 0730004 B.C. Ltd. Director November 2022 - Present --------- ------------------------------ First Choice Products Inc. Director June 2022 - Present --------- ------------------------------ 1329310 B.C. Ltd. Director February 2018 - Present --------- ------------------------------ 1329300 B.C. Ltd. Director February 2022 - Present --------- ------------------------------ Veta Resources Inc. Director March 2021 - Present --------- ------------------------------ 1329306 B.C. Ltd. Director February 2022 - Present --------- ------------------------------ 1329307 B.C. Ltd. Director February 2022 - Present --------- ------------------------------ 1329308 B.C. Ltd. Director February 2022 - Present --------- ------------------------------
Were Rule 9.6.13R of the Listing Rules of the UK Financial Conduct Authority to apply to the Company, there would be no further information to disclose.
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November 08, 2023 10:30 ET (15:30 GMT)
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