Exercise of Warrants

RNS Number : 8808P
Galileo Resources PLC
21 October 2021
 

 

For immediate release

 

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR")

21 October 2021

Galileo Resources Plc

("Galileo" or "the Company")

 

Exercise of Warrants

Director Dealing

 

Galileo Resources plc ("Galileo "or the "Company") confirms that it has issued a total of 10,500,000 fully paid ordinary shares in the Company (the "New Ordinary Shares"), which includes 5,000,000 shares to Mr Colin Bird, CEO and Chairman of the Company, at a price of 0.6p per share pursuant to the exercise of warrants in terms of the Placing Agreement dated 17 October 2019 (RNS announced 18 October 2019).  Application will be made for admission of the New Ordinary Shares to trading on AIM ("Admission"), with Admission expected to occur on or around 27 October 2021. Accordingly, Colin Bird will now be interested in a total of 68,035,000 Ordinary Shares representing 6.35% of the Company's enlarged issued share capital.

Following the issue of the New Ordinary Shares, which rank pari passu to the existing ordinary shares in the Company, the Company has 1,070,542,981 ordinary shares in issue, all of which have voting rights. Shareholders in the Company may use this figure as the denominator for the calculation, by which they would determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules. 

 

You can also follow Galileo on Twitter: @GalileoResource

 

For further information, please contact: Galileo Resources PLC

 

Colin Bird, Chairman

Edward Slowey, Executive Director

Tel +44 (0) 20 7581 4477

Tel +353 (1) 601 4466

Beaumont Cornish Limited - Nomad

Roland Cornish/James Biddle

Tel +44 (0) 20 7628 3396

Novum Securities Limited - Joint Broker

Colin Rowbury /Jon Belliss

+44 (0) 20 7399 9400

Shard Capital Partners LLP - J oint Broker

Damon Heath

Tel +44 (0) 20 7186 9952

 

 

Colin Bird

1

Details of the person discharging managerial  responsibilitie  person  closely associated

a)

Name

Colin Bird

2

Reason for notification

a)

Position / status

CEO and Chairman

b)

Initial notification

/Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Galileo Resources plc

 

b)

LEI

213800KSRIVLX7BJSP45

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 placwhere transactionhave been conducted

a)

Description of the financial instrument, type of instrument

I d entification code

Ordinary shares of 0.1 pence each in Galileo Resources plc

Issue of Ordinary Shares

ISIN GB00B115T142

 

Nature of the transaction

Issue of ordinary shares 

c)

Price(s) and volumes(s)

 

Price(s)

Volumes(s)

0.6  pence

5,000,000

d)

Aggregated information

n/a

e)

Date of the transaction

21 October 2021

f)

Place of the transaction

Off market

 

 

 

 

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