GLR.L

Galileo Resources Plc
Galileo Resources - Director dealings
28th October 2024, 15:45
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RNS Number : 9208J
Galileo Resources PLC
28 October 2024
 

28 October 2024

 

Galileo Resources Plc

("Galileo" or the "Company")

 

Director dealings

Galileo, the exploration and development mining company, announces that it was informed on 25 October 2024 and 28 October 2024, that Colin Bird, Executive Chairman of Galileo and Richard Wollenberg, Non-Executive Director acquired 2,250,000 Ordinary Shares of 0.1p in the Company ("Ordinary Shares") at an average price of 1.1652p per share and 400,000 Ordinary Shares of 0.1p at an average price of 1.11p respectively. Following this transaction, Colin Bird is interested in 81,705,862 Ordinary Shares representing 7.02% of the issued share capital and Richard Wollenberg is interested in 14,225,511 Ordinary Shares representing 1.22% of the issued share capital.

 

Following the acquisition of the shares, Colin Bird's and Richard Wollenberg's interest in Galileo is as follows:

 

 

Director

Purchase price of Shares

Shares purchased

Total Shareholding following the purchase of Shares

% Shareholding in the issued share capital

Colin Bird

1.1652p

2,250,000

81,705,862

7.02%

 

Richard Wollenberg

1.11p

400,000

14,225,511

1.22%

 

 

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

You can also follow Galileo on Twitter: @GalileoResource.

 

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 (0) 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

 

The following information relating to the transaction has been filed with the FCA in accordance with Article 19(1) of the Market Abuse Regulation,

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

/Amendment

Initial

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 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)

1.1652 pence

2,250,000

 

d)

Aggregated information

n/a

e)

Date of the transaction

24 October 2024

f)

Place of the transaction

On market

 

 

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

/Amendment

Initial

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 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)

1.11 pence

400,000

 

d)

Aggregated information

n/a

e)

Date of the transaction

24 & 28 October 2024

f)

Place of the transaction

On market

                            

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

 

END

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