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Galileo Resources Plc announced that Executive Chairman Colin Bird and Non-Executive Director Richard Wollenberg acquired Ordinary Shares. Colin Bird purchased 2,250,000 Ordinary Shares at an average price of 1.1652p per share on 24 October 2024, resulting in a total holding of 81,705,862 shares, or 7.02%. Richard Wollenberg acquired 400,000 Ordinary Shares at 1.11p per share on 24 and 28 October 2024, bringing his total interest to 14,225,511 shares, or 1.22%.
| Date | 28 Oct 2024 |
| Time | 15:45:20 |
| Category | Director/PDMR dealings |
| ID | 9208J |
28 October 2024
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:
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Director |
Purchase price of Shares |
Shares purchased |
Total Shareholding following the purchase of Shares |
% Shareholding in the issued share capital |
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|
Colin Bird |
1.1652p |
2,250,000 |
81,705,862 |
7.02% |
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Richard Wollenberg |
1.11p |
400,000 |
14,225,511 |
1.22% |
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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
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Colin Bird, Chairman Edward Slowey, Executive Director |
Tel +44 (0) 20 7581 4477 Tel +353 (0) 601 4466
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Beaumont Cornish Limited - Nomad Roland Cornish/James Biddle |
Tel +44 (0) 20 7628 3396 |
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Novum Securities Limited - Joint Broker Colin Rowbury /Jon Belliss |
+44 (0) 20 7399 9400 |
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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,
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Colin Bird |
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2 |
Reason for notification |
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a) |
Position / status |
Chairman |
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b) |
Initial notification /Amendment |
Initial |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Galileo Resources plc
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b) |
LEI |
213800KSRIVLX7BJSP45 |
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4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; |
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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
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Nature of the transaction |
Issue of Ordinary Shares
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c) |
Price(s) and volumes(s) |
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d) |
Aggregated information |
n/a |
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e) |
Date of the transaction |
24 October 2024 |
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f) |
Place of the transaction |
On market |
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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