Issue of Equity

 RNS Number : 2434U

Galileo Resources PLC

AIM:  GLR

ISIN: GB00B115T142

5 April 2016

Galileo Resources Plc

(“Galileo” or the “Company”)

Issue of Equity

 

The Company announces that today it has issued 500,000 Galileo ordinary shares of 0.1 pence each (“Ordinary Shares”) at a price of 1.2p. The Ordinary Shares have been issued, in lieu off fees payable in cash under the terms of an agreement dated 29 June 2015 with Investor Events Ltd in relation to the 2016 UK Investor Show.  

 

Application has been made for these Ordinary Shares to be admitted to trading on AIM and trading is expected on or about 12 April 2016 (“Admission”). The Ordinary Shares have been issued as fully paid and rank pari passu in all respects with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared on or after the date on which they are issued.

 

Total voting rights

Following Admission, the Company’s total issued share capital will comprise 194,252,721 Ordinary Shares. As the Company does not hold any Ordinary Shares in treasury, this figure may be used by shareholders in the Company as the denominator for the calculations 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 following Admission.

 

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

 

 

For further information, please contact:

Colin Bird Chairman

Tel +44 (0) 20 7581 4477 

 

Andrew Sarosi, Executive Director

Tel +44 (0) 1752 221937

Beaumont Cornish Limited – Nomad

Roland Cornish/James Biddle

Tel +44 (0) 20 7628 3396

Beaufort Securities Limited   – Broker

Jon Belliss

Tel +44 (0) 20 7382 8416

 


This information is provided by RNS

The company news service from the London Stock Exchange

 

END