Last checked at 9 Feb 2017 10:30
Galileo 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 |
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1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | GALILEO 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 thenotification obligation: iii | Tiger Resource Finance Plc | |||||||||||||||||
4. Full name of shareholder(s) (if different from 3.):iv | ||||||||||||||||||
5. Date of the transaction and date onwhich the threshold is crossed orreached: | 3/2/2017 | |||||||||||||||||
6. Date on which issuer notified: | 4/2/2017 | |||||||||||||||||
7. Threshold(s) that is/are crossed orreached: vi, vii | 5% | |||||||||||||||||
8. Notified details: | ||||||||||||||||||
A: Voting rights attached to shares viii, ix | ||||||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | ||||||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % 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 | ||||||||||||||||||
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B: Qualifying Financial Instruments | ||||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | ||||||||||||||
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||||
Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to
| % of voting rights xix, xx
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| Nominal | Delta | ||||||||||||||||
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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 thefinancial instruments are effectively held, if applicable: xxi | ||||||||||||||||||
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Proxy Voting: | ||||||||||||||||||
10. Name of the proxy holder: | ||||||||||||||||||
11. Number of voting rights proxy holder will ceaseto hold: | ||||||||||||||||||
12. Date on which proxy holder will cease to holdvoting rights: | ||||||||||||||||||
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13. Additional information |
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14. Contact name: | MR RAJU SAMTANI | |||||||||||||||||
15. Contact telephone number: | ||||||||||||||||||
ENDS