REG - Galileo Resources - Exercise of Warrants

Galileo ResourcesAnnouncement

22/10/2021 07:00

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 - Joint Broker 
Damon Heath 


Tel +44 (0) 20 7186 9952 



 



 
Colin Bird



1


Details of the person discharging managerial  responsibilities  /  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 place where transactions have been conducted




a)


Description of the financial instrument, type of instrument
Identification 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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