REG - Galileo Resources Tiger Resource Fin. - Holding(s) in Company <Origin Href="QuoteRef">GLR.L</Origin> <Origin Href="QuoteRef">TIRU.L</Origin>
RNS Number : 4517WGalileo Resources PLC09 February 2017Galileo Resources PLC (AIM: GLR)
9 February 2017
Galileo Resources Plc
("Galileo" or the "Company")
Holdings in Company
The Board of Galileo announces that the Company has received the following TR-1 notification which is set out below. Tiger Resource Finance plc is an AIM traded company of which Colin Bird, a director of Galileo, is CEO and has a 6.1% shareholding.
A copy of this announcement is available on the Company's website www.galileoresources.com.
You can also follow Galileo on Twitter: @GalileoResource.
For further information, please contact:
Colin Bird, Chairman & CEO
Tel +44 (0) 20 7581 4477
Andrew Sarosi, Technical Director
Tel +44 (0) 1752 221937
Beaumont Cornish Limited: Nominated Advisor
Roland Cornish/James Biddle
Tel +44 (0)20 7628 3396
Beaufort Securities Limited - Broker Jon Belliss
Tel +44 (0) 20 7382 8416
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:iiGALILEO RESOURCES PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
x
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:iiiTiger Resource Finance Plc
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:3/2/2017
6. Date on which issuer notified:
4/2/2017
7. Threshold(s) that is/are crossed or
reached: vi, vii5%
8. Notified details:
A: Voting rights attached to sharesviii, ix
Class/type of
shares
if possible using
the ISIN CODESituation previous
to the triggering
transactionResulting situation after the triggering transaction
Number
of
SharesNumber
of
Voting
RightsNumber
of sharesNumber of voting
rights% of voting rights x
Direct
Direct xi
Indirect xii
Direct
Indirect
Ordinary Shares
10,416,667
10,416,667
6,516,667
6,516,667
3.33%
GB00B115T142
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial
instrumentExpiration
date xiiiExercise/
Conversion Period xivNumber 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
instrumentExercise price
Expiration date xvii
Exercise/
Conversion period xviiiNumber 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
6,516,667
3.33%
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
14. Contact name:
MR RAJU SAMTANI
15. Contact telephone number:
ENDS
This information is provided by RNSThe company news service from the London Stock ExchangeENDHOLUGUMGPUPMGUB
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