Last checked at 27 May 2020 11:52
For immediate release
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).
27 May 2020
Galileo Resources Plc
("Galileo" or "the Company")
Exercise of Warrants
Galileo Resources plc ("Galileo "or the "Company") confirms that it has issued a total of 18,625,000 fully paid ordinary shares in the Company (the "New Ordinary Shares") 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 around 2 June 2020. Following the issue of the New Ordinary Shares, which rank pari passu to the existing ordinary shares in the Company, the Company has 641,756,193 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.
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For further information, please contact: Galileo Resources PLC
Colin Bird, Chairman Andrew Sarosi, Executive Director | Tel +44 (0) 20 7581 4477 Tel +44 (0) 1752 221937 |
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 |