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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Galileo Resources Plc | LSE:GLR | London | Ordinary Share | GB00B115T142 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.10 | 1.05 | 1.15 | 1.10 | 1.10 | 1.10 | 292,184 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Offices-holdng Companies,nec | 289k | -1.47M | -0.0013 | -8.46 | 12.8M |
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) Dow Jones Newswires
November 30, 2021 01:59 ET (06:59 GMT)
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