Galileo Resources PLC Directors' Subscriptions, PDMR shareholdings, TVR (8968P)

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 [phone] 
  Colin Bird, Chairman                   4477 
  Andrew Sarosi, Executive               Tel [phone] 
  Director 
 
 Beaumont Cornish Limited               Tel [phone] 
  - Nomad                                3396 
  Roland Cornish/James Biddle 
 
 Beaufort Securities Limited - Broker   Tel [phone] 
  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

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September 05, 2017 11:47 ET (15:47 GMT)