TIDMGLR

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 GBP118,750 (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 GBP22,030.

The Accrued Fees includes accrued fees owed to directors totalling GBP106,250 (GBP65,000 owed to Mr Bird and GBP41,250 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 
  Edward Slowey, Executive Director      4477 
                                         Tel +353 (1) 601 4466 
 Beaumont Cornish Limited - Nomad       Tel +44 (0) 20 7628 
  Roland Cornish/James Biddle            3396 
                                      ------------------------ 
 Novum Securities Limited - Joint 
  Broker 
  Colin Rowbury /Jon Belliss            +44 (0) 20 7399 9400 
                                      ------------------------ 
 Shard Capital Partners LLP -           Tel +44 (0) 20 7186 
  J oint Broker                          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             Ordinary shares of 0.1 pence each in Galileo 
                     the financial instrument,                         Resources 
                         type of instrument                                plc 
                      Identification                       Issue of Ordinary Shares 
                             code                                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 
        ---------------------------  ------------------------------------------------------ 
 
 
 
   Richard Wollenberg 1    Details of the person discharging managerial responsib ilities / 
          p erson closely associated 
    a)   Name                         Richard Wollenberg 
        ---------------------------  ------------------------------------------------------ 
    2    Reason for notification 
        ----------------------------------------------------------------------------------- 
    a)   Position / status            Non-Executive Director 
        ---------------------------  ------------------------------------------------------ 
    b)   I nitial notification        Initial 
          /Amendment 
        ---------------------------  ------------------------------------------------------ 
    3    Details of t he issu er, emission allow a n ce m a r k et participan 
          t, au ct ion plat for m, au ction eer or auc tion monitor 
        ----------------------------------------------------------------------------------- 
    a)   Name                         Galileo Resources plc 
        ---------------------------  ------------------------------------------------------ 
    b)   LEI                          213800KSRIVLX7BJSP45 
        ---------------------------  ------------------------------------------------------ 
    4    Details of t he t ransact ion (s): section to be re p eated for ( 
          i) e a ch type of instr u m e n t; (ii) each type of transac tion; 
          (iii) each date; and ( iv) each place w h ere transactions have b 
          een condu cted 
        ----------------------------------------------------------------------------------- 
    a)   Description of               Ordinary shares of 0.1 pence each in Galileo 
          the financial instrument,   Resources 
          t ype of instrument         plc 
          I d e ntification           Issue of Ordinary Shares 
          code                        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 
        ---------------------------  ------------------------------------------------------ 
 

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END

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November 30, 2021 01:59 ET (06:59 GMT)

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