Holding(s) in Company

RNS Number : 6354H

Galileo Resources PLC

01 December 2015

 

For Immediate Release

1 December 2015

Galileo Resources Plc

("Galileo" or the "Company")

Holding in Company

Galileo (AIM:GLR), the exploration and development mining company, announces that it has today been informed of the following notifiable interest in the Company.

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			Galileo Resources plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				Yes
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		Stuart James Packwood
4. Full name of shareholder(s)  (if different from 3.):iv
5. Date of the transaction and date on which the threshold is crossed or reached: v		30 November 2015
6. Date on which issuer notified:		1 December  2015
7. Threshold(s) that is/are crossed or reached: vi, vii		17%18%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary 0.01p

25,560,691

25,560,691

28,581,462

28,581,462

0

18.35%

0

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

28,581,462

18.35%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:	Torr Waterfield
14. Contact name:	Denise Burley
15. Contact telephone number:	01162423400

You can also follow Galileo on Twitter: @GalileoResource

For further information, please contact:

Colin Bird, Chairman                                                      Tel [phone]

Andrew Sarosi, Technical Director                           Tel [phone]

Beaumont Cornish Limited - Nomad                      Tel [phone]

Roland Cornish/James Biddle

Beaufort Securities Limited - Joint Broker           Tel [phone]

Elliot Hance/Jon Belliss

Daniel Stewart & Co - Joint Broker                          Tel [phone]

David Coffman/Martin Lampshire

 

END

 

 

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