Last checked at 2 Mar 2018 12:13
For immediate release
02 March 2018
Galileo Resources Plc
("Galileo" or "the Company")
STATEMENT REGARDING BROKER
The Company notes the announcement today regarding Beaufort Securities Limited ("BSL") and Beaufort Asset Clearing Services Limited ("BACSL") being placed into insolvency and that the Financial Conduct Authority (the "FCA") has imposed requirements on BSL and BACSL to cease all regulatory activity.
BSL is the broker to the Company pursuant to the AIM Rules for Companies (the "AIM Rules"). As a result of the requirements imposed by the FCA, BSL will no longer be able to provide broking services to the Company in accordance with the AIM Rules.
The Company is seeking to appoint a new broker as soon as possible and a further announcement will be made when this appointment is made.
You can also follow Galileo on Twitter: @GalileoResource
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 |
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Beaumont Cornish Limited - Nomad Roland Cornish/James Biddle | Tel +44 (0) 20 7628 3396 |
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Beaufort Securities Limited - Broker Jon Bellis/Elliot Hance | Tel +44 (0) 20 7382 8416 |