Holding(s) in Company

RNS Number : 4517W

Galileo Resources PLC

09 February 2017

 

Galileo Resources PLC (AIM: GLR)

9 February 2017

Galileo Resources Plc

("Galileo" or the "Company")

Holdings in Company

The Board of Galileo announces that the Company has received the following TR-1 notification which is set out below. Tiger Resource Finance plc is an AIM traded company of which Colin Bird, a director of Galileo, is CEO and has a 6.1% shareholding.

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

You can also follow Galileo on Twitter: @GalileoResource.

For further information, please contact:

Colin Bird, Chairman & CEO	Tel [phone]
Andrew Sarosi, Technical Director	Tel [phone]
Beaumont Cornish Limited: Nominated Advisor Roland Cornish/James Biddle	Tel [phone]
Beaufort Securities Limited - Broker Jon                                Belliss	Tel [phone]

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii

GALILEO RESOURCES PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

x

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation: iii

Tiger Resource Finance Plc

4. Full name of shareholder(s)  (if different from 3.):iv

5. Date of the transaction and date on which the threshold is crossed or reached:

3/2/2017

6. Date on which issuer notified:

4/2/2017

7. Threshold(s) that is/are crossed or reached: vi, vii

5%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary Shares

10,416,667

10,416,667

6,516,667

6,516,667

3.33%

GB00B115T142

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

6,516,667

3.33%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information

14. Contact name:

MR RAJU SAMTANI

15. Contact telephone number:

ENDS

 

END

 

 

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