Exercise of Warrants

RNS Number : 8808P
Galileo Resources PLC
21 October 2021

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 (“UK MAR”)

21 October 2021

Galileo Resources Plc
(“Galileo” or “the Company”)

Exercise of Warrants
Director Dealing

Galileo Resources plc (“Galileo “or the “Company”) confirms that it has issued a total of 10,500,000 fully paid ordinary shares in the Company (the “New Ordinary Shares”), which includes 5,000,000 shares to Mr Colin Bird, CEO and Chairman of the Company, at a price of 0.6p per share pursuant to the exercise of warrants in terms of the Placing Agreement dated 17 October 2019 (RNS announced 18 October 2019).  Application will be made for admission of the New Ordinary Shares to trading on AIM (“Admission”), with Admission expected to occur on or around 27 October 2021. Accordingly, Colin Bird will now be interested in a total of 68,035,000 Ordinary Shares representing 6.35% of the Company’s enlarged issued share capital.

Following the issue of the New Ordinary Shares, which rank pari passu to the existing ordinary shares in the Company, the Company has 1,070,542,981 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


3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Galileo Resources plc


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)
0.6      pence 5,000,000
d) Aggregated information n/a
e) Date of the transaction 21 October 2021
f) Place of the transaction Off market



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