REG - Galileo Resources - Issue of Equity & TVR

Galileo ResourcesAnnouncement

30/11/2021 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211130:nRSd9495Ta&default-theme=true

RNS Number : 9495T  Galileo Resources PLC  29 November 2021

 

29 November 2021

Galileo Resources Plc

("Galileo" or the "Company")

 

Issue of Equity & TVR

 

The Board of Galileo (AIM: GLR) confirms that, the Company has issued a total
of 18,591,363 shares, which includes the 17,358,363 shares ("Fee Shares")
which was approved by shareholders at the last AGM, to settle contractually
accrued but unpaid fees due to directors and consultants in respect of the
period from October 2018 to March 2021, amounting to £118,750 (the "Accrued
Fees") as well as 1,233,000 shares ("Consultant Fee Shares") issued at an
issue price of 2.68p per share, to a consultant of the Company in relation to
fees amounting to £22,030.

 

The Accrued Fees includes accrued fees owed to directors totalling £106,250
(£65,000 owed to Mr Bird and £41,250 to Mr Wollenberg). Accordingly Mr Bird
has been issued 10,570,862 Ordinary Shares and Mr Wollenberg 5,854,170
Ordinary Shares, following which Mr Bird will be interested in a total of
78,605,862 Ordinary Shares representing 7.22% of the Company's enlarged issued
share capital and Mr Wollenberg will be interested in a total of 13,575,511
Ordinary Shares representing 1.25% of the Company's enlarged issued share
capital.

 

 

 

Application will be made for admission of the Fee Shares  and Consultant Fee
Shares to trading on AIM ("Admission"), with Admission expected to occur on or
around 3 December 2021. Following the issue of the Fee Shares, which
rank pari passu to the existing ordinary shares in the Company, the Company
has 1,089,134,344 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                       Tel +44 (0) 20 7581 4477

 Edward Slowey, Executive Director          Tel +353 (1) 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

 

 

 


 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                                                                             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

   Identification code                                                                              Issue of Ordinary Shares

                                                    ISIN GB00B115T142
   Nature of the transaction                                                                        Issue of ordinary shares
 c)  Price(s) and volumes(s)

 Price(s)               Volumes(s)
                                                    0.615      pence       10,570,862
 d)  Aggregated information                                                                           n/a
 e)  Date of the transaction                                                                          29 November2021
 f)  Place of the transaction                                                                         Off market

 d)

 Aggregated information

 n/a

 e)

 Date of the transaction

 29 November2021

 f)

 Place of the transaction

 Off market

 

d)

Aggregated information

n/a

e)

Date of the transaction

29 November2021

f)

Place of the transaction

Off market

 

 

 

 

 

 Richard Wollenberg

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

   Identification code                                                                              Issue of Ordinary Shares

                                                    ISIN GB00B115T142
   Nature of the transaction                                                                        Issue of ordinary shares
 c)  Price(s) and volumes(s)

 Price(s)               Volumes(s)
                                                    0.705      pence       5,854,170
 d)  Aggregated information                                                                           n/a
 e)  Date of the transaction                                                                          29 November 2021
 f)  Place of the transaction                                                                         Off market

 d)

 Aggregated information

 n/a

 e)

 Date of the transaction

 29 November 2021

 f)

 Place of the transaction

 Off market

 

d)

Aggregated information

n/a

e)

Date of the transaction

29 November 2021

f)

Place of the transaction

Off market

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCPPGQCGUPGGRB