REG - Galileo Resources - Director dealings

Galileo ResourcesAnnouncement

28/10/2024 16:00

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RNS Number : 9208J  Galileo Resources PLC  28 October 2024

28 October 2024

 

Galileo Resources Plc
("Galileo" or the "Company")

 

Director dealings

Galileo, the exploration and development mining company, announces that it was
informed on 25 October 2024 and 28 October 2024, that Colin Bird, Executive
Chairman of Galileo and Richard Wollenberg, Non-Executive Director acquired
2,250,000 Ordinary Shares of 0.1p in the Company ("Ordinary Shares") at an
average price of 1.1652p per share and 400,000 Ordinary Shares of 0.1p at an
average price of 1.11p respectively. Following this transaction, Colin Bird is
interested in 81,705,862 Ordinary Shares representing 7.02% of the issued
share capital and Richard Wollenberg is interested in 14,225,511 Ordinary
Shares representing 1.22% of the issued share capital.

 

Following the acquisition of the shares, Colin Bird's and Richard Wollenberg's
interest in Galileo is as follows:

 

          Director  Purchase price of Shares         Shares purchased      Total Shareholding following the purchase of Shares     % Shareholding in the issued share capital
 Colin Bird                    1.1652p    2,250,000             81,705,862                             7.02%
 Richard Wollenberg            1.11p      400,000               14,225,511                             1.22%

 

A copy of this announcement is available on the Company's website
www.galileoresources.com (http://www.galileoresources.com) .

You can also follow Galileo on Twitter: @GalileoResource.

 

You can also follow Galileo on Twitter: @GalileoResource

For further information, please contact: Galileo Resources PLC

 

 Colin Bird, Chairman                       Tel +44 (0) 20 7581 4477

 Edward Slowey, Executive Director          Tel +353 (0) 601 4466

 Beaumont Cornish Limited - Nomad           Tel +44 (0) 20 7628 3396

 Roland Cornish/James Biddle
 Novum Securities Limited - Joint Broker    +44 (0) 20 7399 9400

 Colin Rowbury /Jon Belliss
 Shard Capital Partners LLP - Joint Broker  Tel +44 (0) 20 7186 9952

 Damon Heath

 

The following information relating to the transaction has been filed with the
FCA in accordance with Article 19(1) of the Market Abuse Regulation,

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                              Colin Bird
 2   Reason for notification
 a)  Position / status                                                 Chairman
 b)  Initial notification                                              Initial

     /Amendment
 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 place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument       Ordinary shares of 0.1 pence each in Galileo Resources plc

                                                                       Issue of Ordinary Shares

     Identification code                                               ISIN GB00B115T142

     Nature of the transaction                                         Issue of Ordinary Shares

 c)  Price(s) and volumes(s)

Price(s)      Volumes(s)
                                                                       1.1652 pence  2,250,000

 
 d)  Aggregated information                                            n/a
 e)  Date of the transaction                                           24 October 2024
 f)  Place of the transaction                                          On market

 

d)

Aggregated information

n/a

e)

Date of the transaction

24 October 2024

f)

Place of the transaction

On market

 

 

 1   Details of the person discharging managerial responsibilities / person closely
   associated
 a)  Name                                                              Richard Wollenberg
 2 Reason for notification
 a)  Position / status                                                 Non-Executive Director
 b)  Initial notification                                              Initial

   /Amendment
 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 place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument       Ordinary shares of 0.1 pence each in Galileo Resources plc

                                                                     Issue of Ordinary Shares

   Identification code                                               ISIN GB00B115T142

   Nature of the transaction                                         Issue of Ordinary Shares

 c)  Price(s) and volumes(s)

 Price(s)    Volumes(s)
                                    1.11 pence  400,000

 d)  Aggregated information                                            n/a
 e)  Date of the transaction                                           24 & 28 October 2024
 f)  Place of the transaction                                          On market

 

 d)

 Aggregated information

 n/a

 e)

 Date of the transaction

 24 & 28 October 2024

 f)

 Place of the transaction

 On market

 

d)

Aggregated information

n/a

e)

Date of the transaction

24 & 28 October 2024

f)

Place of the transaction

On market

 

 

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.

 

END

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