Last checked at 7 May 2015 11:53
For Immediate Release
7 May 2015
Galileo Resources Plc
("Galileo" or the "Company")
Holding(s) in Company
The Board of Galileo announces that on 7 May 2015 the Company received the following TR-1 notification submitted on behalf of Praetorian Portfolio Holding L.P. and which is set out below without amendment.
For further information, please contact:
Colin Bird, Chairman & CEO | Tel +44 (0) 20 7581 4477 |
Andrew Sarosi, Technical Director
| Tel +44 (0) 1752 221937 |
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Beaumont Cornish Limited - Nomad Roland Cornish
| Tel +44 (0) 20 7628 3396 |
Beaufort Securities Limited - Joint Broker Elliot Hance
| Tel +44 (0) 20 7382 8416 |
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Daniel Stewart & Co - Joint Broker David Coffman/Colin Rowbury | Tel + 44 (0) 20 7776 6596 |
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
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 | ✓ | |||
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 | Praetorian Portfolio Holding L.P. | |||
4. Full name of shareholder(s) (if different from 3.):iv | ||||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 01/05/2015 | |||
6. Date on which issuer notified: | 07/05/2015 | |||
7. Threshold(s) that is/are crossed orreached: vi, vii | 4%, 3% | |||
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 | ||||||||||||
5,487,000 | 5,487,000 | 0 | 0 | 0% | ||||||||||||
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 | ||||||||||||
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 | ||||||||||||||
Total (A+B+C) | ||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||
0% | ||||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial 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: | Rob King | |||
15. Contact telephone number: | +44 (0) 1481 734181 | |||