Source - LSE Regulatory
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 £118,750 (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 £22,030.

 

The Accrued Fees includes accrued fees owed to directors totalling £106,250 (£65,000 owed to Mr Bird and £41,250 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

Edward Slowey, Executive Director

Tel +44 (0) 20 7581 4477

Tel +353 (1) 601 4466

Beaumont Cornish Limited - Nomad

Roland Cornish/James Biddle

Tel +44 (0) 20 7628 3396

Novum Securities Limited - Joint Broker

Colin Rowbury /Jon Belliss

+44 (0) 20 7399 9400

Shard Capital Partners LLP - Joint Broker

Damon Heath

Tel +44 (0) 20 7186 9952

 

 

 

 

 

 

 

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

/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

Issue of Ordinary Shares

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  responsibilitie  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 placwhere transactionhave been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 0.1 pence each in Galileo Resources plc

Issue of Ordinary Shares

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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