Galileo Resources PLC Directors' Subscriptions, PDMR shareholdings, TVR (8968P)
September 05 2017 - 10:47AM
UK Regulatory
TIDMGLR
RNS Number : 8968P
Galileo Resources PLC
05 September 2017
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 Tel +44 (0) 20 7581
Colin Bird, Chairman 4477
Andrew Sarosi, Executive Tel +44 (0) 1752 221937
Director
Beaumont Cornish Limited Tel +44 (0) 20 7628
- Nomad 3396
Roland Cornish/James Biddle
Beaufort Securities Limited - Broker Tel +44 (0) 20 7382
Jon Bellis/Elliot Hance 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 Initial
/Amendment
--- ------------------------ -----------------------------
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 Ordinary shares of 0.1 pence
the financial each in Galileo Resources
instrument, type plc
of instrument ISIN GB00B115T142
Identification
code
--- ------------------------ -----------------------------
Nature of the Purchase of new ordinary
transaction shares as described above
--- ------------------------ -----------------------------
c) Price(s) and Price(s) Volumes(s)
volumes(s) ----------- -----------
2.0 pence 1,250,000
----------- -----------
--- ------------------------ -----------------------------
d) Aggregated information n/a
--- ------------------------ -----------------------------
e) Date of the transaction 1 September 2017
--- ------------------------ -----------------------------
f) Place of the Off market
transaction
--- ------------------------ -----------------------------
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 Initial
/Amendment
--- ------------------------ -----------------------------
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 Ordinary shares of 0.1 pence
the financial each in Galileo Resources
instrument, type plc
of instrument ISIN GB00B115T142
Identification
code
--- ------------------------ -----------------------------
Nature of the Purchase of new ordinary
transaction shares as described above
--- ------------------------ -----------------------------
c) Price(s) and Price(s) Volumes(s)
volumes(s) ----------- -----------
2.0 pence 300,000
----------- -----------
--- ------------------------ -----------------------------
d) Aggregated information n/a
--- ------------------------ -----------------------------
e) Date of the transaction 1 September 2017
--- ------------------------ -----------------------------
f) Place of the Off market
transaction
--- ------------------------ -----------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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