GALILEO RESOURCES PLC — Director's Dealing 2015

May 7, 2015

National Storage Mechanism | Additional information

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RNS Number : 5002M

Galileo Resources PLC

07 May 2015

For Immediate Release

7 May 2015

Galileo Resources Plc

("Galileo" or the "Company")

Holding(s) in Company

The Board of Galileo announces that on 7 May 2015 the Company received the following TR-1 notification submitted on behalf of Praetorian Portfolio Holding L.P. and which is set out below without amendment.

For further information, please contact:

Colin Bird, Chairman & CEO	Tel +44 (0) 20 7581 4477
Andrew Sarosi, Technical Director	Tel +44 (0) 1752 221937
Beaumont Cornish Limited - Nomad Roland Cornish	Tel +44 (0) 20 7628 3396
Beaufort Securities Limited  - Joint Broker Elliot Hance	Tel +44 (0) 20 7382 8416
Daniel Stewart & Co - Joint Broker David Coffman/Colin Rowbury	Tel + 44 (0) 20 7776 6596

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				✓
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		Praetorian Portfolio Holding L.P.
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: v		01/05/2015
6. Date on which issuer notified:		07/05/2015
7. Threshold(s) that is/are crossed or reached: vi, vii		4%, 3%

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
	5,487,000			5,487,000			0		0			0%
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
								0%

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:		Rob King
15. Contact telephone number:		+44 (0) 1481 734181

This information is provided by RNS

The company news service from the London Stock Exchange

END

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