Galileo Resources PLC Holding(s) in Company (4517W)

TIDMGLR TIDMTIR

RNS Number : 4517W

Galileo Resources PLC

09 February 2017

Galileo Resources PLC (AIM: GLR)

9 February 2017

Galileo Resources Plc

("Galileo" or the "Company")

Holdings in Company

The Board of Galileo announces that the Company has received the following TR-1 notification which is set out below. Tiger Resource Finance plc is an AIM traded company of which Colin Bird, a director of Galileo, is CEO and has a 6.1% shareholding.

A copy of this announcement is available on the Company's website www.galileoresources.com.

You can also follow Galileo on Twitter: @GalileoResource.

For further information, please contact:

 
 Colin Bird, Chairman & CEO            Tel [phone] 
                                        4477 
 Andrew Sarosi, Technical Director     Tel [phone] 
 Beaumont Cornish Limited: Nominated   Tel [phone] 
  Advisor                               3396 
  Roland Cornish/James Biddle 
 Beaufort Securities Limited           Tel [phone] 
  - Broker Jon Belliss                  8416 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                                                         GALILEO RESOURCES PLC 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-----------------------------------------------------------------  -------------------------------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
--------------------------------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                                                         x 
--------------------------------------------------------------------------------------------------------------  ----------- 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
--------------------------------------------------------------------------------------------------------------  ----------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
--------------------------------------------------------------------------------------------------------------  ----------- 
 An event changing the breakdown of voting rights 
--------------------------------------------------------------------------------------------------------------  ----------- 
 Other (please 
  specify): 
-----------------  -------------------------------------------------------------------------------------------  ----------- 
 3. Full name of person(s)                                                                       Tiger Resource Finance Plc 
  subject to the 
  notification obligation: 
  (iii) 
--------------------------------------------------  ----------------------------------------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
--------------------------------------------------  ----------------------------------------------------------------------- 
 5. Date of the transaction                                                                                        3/2/2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: 
--------------------------------------------------  ----------------------------------------------------------------------- 
 6. Date on which issuer                                                                                           4/2/2017 
  notified: 
--------------------------------------------------  ----------------------------------------------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                                                     5% 
--------------------------------------------------  ----------------------------------------------------------------------- 
 8. Notified details: 
--------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
--------------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                 Resulting situation after the 
  of             to the triggering                  triggering transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  ---------------------------------  ------------------------------------------------------------------------- 
                Number             Number          Number           Number of                    % of voting 
                 of                 of              of shares        voting                       rights (x) 
                 Shares             Voting                           rights 
                                    Rights 
-------------  -----------------  --------------  ---------------  ---------------------------  --------------------------- 
                                                   Direct           Direct         Indirect      Direct        Indirect 
                                                                     (xi)          (xii) 
-------------        -----------    ------------  ---------------  -------------  ------------  ------------  ------------- 
 Ordinary 
  Shares        10,416,667         10,416,667      6,516,667        6,516,667                    3.33% 
               -----------------  --------------  ---------------  -------------  ------------  ------------  ------------- 
 GB00B115T142 
-------------        -----------    ------------      -----------    -----------    ----------    ----------      --------- 
 
 B: Qualifying Financial Instruments 
--------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------------- 
 Type of financial    Expiration     Exercise/                      Number of voting               % of voting 
  instrument           date           Conversion                     rights that                    rights 
                       (xiii)         Period (xiv)                   may be 
                                                                     acquired if 
                                                                     the 
                                                                     instrument 
                                                                     is 
                                                                     exercised/ 
                                                                     converted. 
-------------------  -------------  -----------------------------  -----------------------------  ------------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
--------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise         Expiration      Exercise/        Number of        % of voting 
 financial         price           date            Conversion        voting rights    rights (xix, 
 instrument                        (xvii)          period            instrument       xx) 
                                                   (xviii)           refers to 
---------------  ---------------  --------------  ---------------  ---------------  --------------------------------------- 
                                                                                     Nominal                     Delta 
---------------  ---------------  --------------  ---------------  ---------------  --------------------------  ----------- 
 
 
 Total (A+B+C) 
--------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                               Percentage of voting rights 
----------------------------------------------------  --------------------------------------------------------------------- 
 6,516,667                                             3.33% 
----------------------------------------------------  --------------------------------------------------------------------- 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
--------------------------------------------------------------------------------------------------------------------------- 
 
 
 Proxy Voting: 
--------------------------------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
-------------------------------------------------------------------  ------------------------------------------------------ 
 11. Number of voting rights proxy 
  holder will cease 
  to hold: 
-------------------------------------------------------------------  ------------------------------------------------------ 
 12. Date on which proxy holder will 
  cease to hold 
  voting rights: 
-------------------------------------------------------------------  ------------------------------------------------------ 
 
 
  13. Additional information 
----------------------------------------------------  --------------------------------------------------------------------- 

 14. Contact name:                                                                                          MR RAJU SAMTANI 
----------------------------------------------------  --------------------------------------------------------------------- 
 15. Contact telephone number: 
----------------------------------------------------  --------------------------------------------------------------------- 
 
 

ENDS

This information is provided by RNS

The company news service from the London Stock Exchange

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February 09, 2017 05:30 ET (10:30 GMT)