TIDMGLR

RNS Number : 3562V

Galileo Resources PLC

13 April 2021

For immediate release

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR")

13 April 2021

Galileo Resources Plc

("Galileo" or "the Company")

Exercise of Warrants

Galileo Resources plc ("Galileo "or the "Company") confirms that it has issued a total of 500,000 fully paid ordinary shares in the Company (the "New Ordinary Shares") to Mr Richard Wollenberg, Non-executive director of the Company, at a price of 0.6p per share pursuant to the exercise of warrants in terms of the Placing Agreement dated 17 October 2019 (RNS announced 18 October 2019). Application will be made for admission of the New Ordinary Shares to trading on AIM ("Admission"), with Admission expected to occur on around 19 April 2021.

Following the issue of the New Ordinary Shares, which rank pari passu to the existing ordinary shares in the Company, the Company has 912,476,317 ordinary shares in issue, all of which have voting rights. Shareholders in the Company may use this figure as the denominator for the calculation, by which they would 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.

You can also follow Galileo on Twitter: @GalileoResource

For further information, please contact: Galileo Resources PLC

 
 Colin Bird, Chairman                   Tel +44 (0) 20 7581 
  Edward Slowey, Executive Director      4477 
                                         Tel +353 (1) 601 4466 
 Beaumont Cornish Limited - Nomad       Tel +44 (0) 20 7628 
  Roland Cornish/James Biddle            3396 
                                      ------------------------ 
 Novum Securities Limited - Joint 
  Broker 
  Colin Rowbury /Jon Belliss            +44 (0) 20 7399 9400 
                                      ------------------------ 
 Shard Capital Partners LLP -           Tel +44 (0) 20 7186 
  J oint Broker                          9952 
  Damon Heath 
                                      ------------------------ 
 
 
 
   Richard Wollenberg 1    Details of the person discharging managerial responsibilities / p 
          erson closely associated 
    a)   Name                         Richard Wollenberg 
        ---------------------------  ------------------------------------------------------ 
    2    Reason for notification 
        ----------------------------------------------------------------------------------- 
    a)   Position / status            Non-Executive Director 
        ---------------------------  ------------------------------------------------------ 
    b)   Initial notification         Initial 
          /Amendment 
        ---------------------------  ------------------------------------------------------ 
    3    Details of t he issu er, emission allow a n ce m a r k et participan 
          t, au ct ion plat for m, au ction eer or auc tion monitor 
        ----------------------------------------------------------------------------------- 
    a)   Name                         Galileo Resources plc 
        ---------------------------  ------------------------------------------------------ 
    b)   LEI                          213800KSRIVLX7BJSP45 
        ---------------------------  ------------------------------------------------------ 
    4    Details of t he t ransact ion (s): section to be re p eated for ( 
          i) e a ch type of instr u m e n t; (ii) each type of transac tion; 
          (iii) each date; and ( iv) 
          each place w h ere transactions have b een condu cted 
        ----------------------------------------------------------------------------------- 
    a)   Description of               Ordinary shares of 0.1 pence each in Galileo 
          the financial instrument,   Resources 
          t ype of instrument         plc 
          I d entification            Issue of Ordinary Shares 
          code                        ISIN GB00B115T142 
        ---------------------------  ------------------------------------------------------ 
         Nature of the transaction    Issue of ordinary shares 
        ---------------------------  ------------------------------------------------------ 
    c)   Price(s) and volumes(s)       Price(s)     Volumes(s) 
                                        0.6 pence    500,000 
                                                    ----------- 
        ---------------------------  ------------------------------------------------------ 
    d)   Aggregated information       n/a 
        ---------------------------  ------------------------------------------------------ 
    e)   Date of the transaction      13 April 2021 
        ---------------------------  ------------------------------------------------------ 
    f)   Place of the transaction     Off market 
        ---------------------------  ------------------------------------------------------

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April 13, 2021 12:14 ET (16:14 GMT)

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