Results of General Meeting

RNS Number : 4058Q

Galileo Resources PLC

18 June 2020

 

For immediate release

 18 June 2020

Galileo Resources Plc

("Galileo" or "the Company")

 Results of General Meeting

Following the Company's General Meeting held earlier today, we are pleased to announce that all the resolutions proposed, as set out in the Circular and Notice of the General Meeting, were duly passed with a 77% majority vote in favour and a 23% vote against. There were no abstentions.

Accordingly, the Company can proceed to issue the 57,937,500 Conditional Placing Shares as referred to in the announcement of 1 June 2020. Application has been made for Admission of the Conditional Placing Shares, which is expected to take place on or around 24 June 2020. Following the issue of the Conditional Placing Shares, the Company's issued share capital will be 766,076,193 Ordinary Shares with voting rights. Shareholders in the Company may use these figures 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: Colin Bird, Chairman	Tel [phone]
Andrew Sarosi, Technical Director	Tel [phone]
Beaumont Cornish Limited - Nomad Roland Cornish	Tel [phone]
Novum Securities Limited - Joint Broker Colin Rowbury/Jon Belliss	Tel [phone]

  Shard Capital Partners LLP - Joint Broker  Tel [phone]

  Damon Heath

 

END

 

 

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