Galileo Resources PLC Exercise of Warrants (2742O)
May 28 2020 - 11:40AM
UK Regulatory
TIDMGLR
RNS Number : 2742O
Galileo Resources PLC
28 May 2020
For immediate release
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR).
28 May 2020
Galileo Resources Plc
("Galileo" or "the Company")
Exercise of Warrants
Galileo Resources plc ("Galileo "or the "Company") confirms that
it has issued a total of 11,820,000 fully paid ordinary shares in
the Company (the "New Ordinary Shares") 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 around 4 June
2020. Following the issue of the New Ordinary Shares, which rank
pari passu to the existing ordinary shares in the Company, the
Company has 653,576,193 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
Andrew Sarosi, Executive Director 4477
Tel +44 (0) 1752 221937
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
--------------------------
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END
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