Galileo Resources PLC Issue of Equity & TVR (9495T)
30 Novembro 2021 - 3:59AM
UK Regulatory
TIDMGLR
RNS Number : 9495T
Galileo Resources PLC
29 November 2021
29 November 2021
Galileo Resources Plc
("Galileo" or the "Company")
Issue of Equity & TVR
The Board of Galileo (AIM: GLR) confirms that, the Company has
issued a total of 18,591,363 shares, which includes the 17,358,363
shares ("Fee Shares") which was approved by shareholders at the
last AGM, to settle contractually accrued but unpaid fees due to
directors and consultants in respect of the period from October
2018 to March 2021, amounting to GBP118,750 (the "Accrued Fees") as
well as 1,233,000 shares ("Consultant Fee Shares") issued at an
issue price of 2.68p per share, to a consultant of the Company in
relation to fees amounting to GBP22,030.
The Accrued Fees includes accrued fees owed to directors
totalling GBP106,250 (GBP65,000 owed to Mr Bird and GBP41,250 to Mr
Wollenberg). Accordingly Mr Bird has been issued 10,570,862
Ordinary Shares and Mr Wollenberg 5,854,170 Ordinary Shares,
following which Mr Bird will be interested in a total of 78,605,862
Ordinary Shares representing 7.22% of the Company's enlarged issued
share capital and Mr Wollenberg will be interested in a total of
13,575,511 Ordinary Shares representing 1.25% of the Company's
enlarged issued share capital.
Application will be made for admission of the Fee Shares and
Consultant Fee Shares to trading on AIM ("Admission"), with
Admission expected to occur on or around 3 December 2021. Following
the issue of the Fee Shares, which rank pari passu to the existing
ordinary shares in the Company, the Company has 1,089,134,344
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
------------------------
Colin Bird
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Colin Bird
--------------------------- ------------------------------------------------------
2 Reason for notification
-----------------------------------------------------------------------------------
a) Position / status CEO and 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 each in Galileo
the financial instrument, Resources
type of instrument plc
Identification 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)
0.615 pence 10,570,862
-----------
--------------------------- ------------------------------------------------------
d) Aggregated information n/a
--------------------------- ------------------------------------------------------
e) Date of the transaction 29 November2021
--------------------------- ------------------------------------------------------
f) Place of the transaction Off market
--------------------------- ------------------------------------------------------
Richard Wollenberg 1 Details of the person discharging managerial responsib ilities /
p erson closely associated
a) Name Richard Wollenberg
--------------------------- ------------------------------------------------------
2 Reason for notification
-----------------------------------------------------------------------------------
a) Position / status Non-Executive Director
--------------------------- ------------------------------------------------------
b) I nitial 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 e ntification 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)
0.705 pence 5,854,170
-----------
--------------------------- ------------------------------------------------------
d) Aggregated information n/a
--------------------------- ------------------------------------------------------
e) Date of the transaction 29 November 2021
--------------------------- ------------------------------------------------------
f) Place of the transaction Off market
--------------------------- ------------------------------------------------------
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END
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November 30, 2021 01:59 ET (06:59 GMT)
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