5 Sep 2017 16:47
For immediate release
5 September 2017
Galileo Resources Plc
("Galileo" or "the Company")
Directors' Subscriptions
PDMR Shareholdings
Total Voting Rights
Further to the announcement of 31 August 2017, Galileo is pleased to announce the completion of the Directors' Subscriptions as follows:
- Colin Bird, Director, has subscribed for 1,250,000 new ordinary shares at 2.0p per ordinary share and now holds a total of 49,435,000 ordinary shares or 19.42% of Galileo's enlarged share capital;
- Richard Wollenberg, Director, has subscribed for 300,000 new ordinary shares at 2.0p per ordinary share and now holds a total of 6,121,341 ordinary shares or 2.40% of Galileo's enlarged share capital; and
- African Pioneer plc ("APP"), a connected party of Colin Bird, has subscribed for 2,500,000 new ordinary shares at 2.0p per ordinary share.
The Directors' Subscriptions, together with the Placing Shares described in the announcement of 31 August 2017, will rank pari passu in all respects with the existing ordinary shares. Application will be made for the Placing Shares and Director's Subscriptions to be admitted to trading on AIM and admission is expected to take place on or around 14 September 2017.
Following the issue of the Placing Shares and the Director's Subscriptions, the Company's issued share capital will total 254,596,562 Ordinary Shares, with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will 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.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
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 |
The following information relating to the transaction has been filed with the FCA in accordance with Article 19(1) of the Market Abuse Regulation,
Colin Bird
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Colin Bird | ||||
2 | Reason for notification | |||||
a) | Position / status | Chairman | ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Galileo Resources plc
| ||||
b) | LEI | 213800KSRIVLX7BJSP45 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares of 0.1 pence each in Galileo Resources plc
ISIN GB00B115T142
| ||||
| Nature of the transaction | Purchase of new ordinary shares as described above
| ||||
c) | Price(s) and volumes(s) |
| ||||
d) | Aggregated information | n/a | ||||
e) | Date of the transaction | 1 September 2017 | ||||
f) | Place of the transaction | Off market | ||||
Richard Wollenberg
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Richard Wollenberg | ||||
2 | Reason for notification | |||||
a) | Position / status | Non-Executive Director | ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Galileo Resources plc
| ||||
b) | LEI | 213800KSRIVLX7BJSP45 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares of 0.1 pence each in Galileo Resources plc
ISIN GB00B115T142
| ||||
| Nature of the transaction | Purchase of new ordinary shares as described above
| ||||
c) | Price(s) and volumes(s) |
| ||||
d) | Aggregated information | n/a | ||||
e) | Date of the transaction | 1 September 2017 | ||||
f) | Place of the transaction | Off market | ||||
Galileo Resourc (GLR)