STATEMENT REGARDING BROKER

RNS Number : 5533G

Galileo Resources PLC

02 March 2018

 

For immediate release

02 March 2018

Galileo Resources Plc

("Galileo" or "the Company")

STATEMENT REGARDING BROKER

 The Company notes the announcement today regarding Beaufort Securities Limited ("BSL") and Beaufort Asset Clearing Services Limited ("BACSL") being placed into insolvency and that the Financial Conduct Authority (the "FCA") has imposed requirements on BSL and BACSL to cease all regulatory activity.

BSL is the broker to the Company pursuant to the AIM Rules for Companies (the "AIM Rules").  As a result of the requirements imposed by the FCA, BSL will no longer be able to provide broking services to the Company in accordance with the AIM Rules.

The Company is seeking to appoint a new broker as soon as possible and a further announcement will be made when this appointment is made.

You can also follow Galileo on Twitter: @GalileoResource

For further information, please contact:

Galileo Resources PLC Colin Bird, Chairman Andrew Sarosi, Executive Director	Tel [phone]  Tel [phone]
Beaumont Cornish Limited  - Nomad  Roland Cornish/James  Biddle	Tel [phone]
Beaufort Securities Limited - Broker Jon Bellis/Elliot Hance	Tel [phone]

 

END

 

 

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