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Share Price Information for Galileo Resources PLC (GLR)

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0.90    0.075 (9.09%)
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Spread: 0.10 (11.765%)
Market Cap: £12.48m
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STATEMENT REGARDING BROKER

2 Mar 2018 12:13

RNS Number : 5533G
Galileo Resources PLC
02 March 2018
 

 

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

 

 

Beaumont Cornish Limited - Nomad 

Roland Cornish/James Biddle

Tel +44 (0) 20 7628 3396

 

 

Beaufort Securities Limited - Broker

Jon Bellis/Elliot Hance

Tel +44 (0) 20 7382 8416

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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