GALILEO RESOURCES PLC — Director's Dealing 2024

Oct 28, 2024

National Storage Mechanism | Additional information

RNS Number : 9208J

Galileo Resources PLC

28 October 2024

28 October 2024

Galileo Resources Plc

("Galileo" or the "Company")

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:

	Director	Purchase price of Shares			Shares purchased		Total Shareholding following the purchase of Shares		% Shareholding in the issued share capital
Colin Bird			1.1652 p	2,250,000		81,705,862		7.02%
Richard Wollenberg			1.11p	400,000		14,225,511		1.22%

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

Colin Bird, Chairman Edward Slowey, Executive Director	Tel +44 (0) 20 7581 4477 Tel +353 (0) 601 4466
Beaumont Cornish Limited - Nomad Roland Cornish/James Biddle	Tel +44 (0) 20 7628 3396
Novum Securities Limited - Joint Broker Colin Rowbury /Jon Belliss	+44 (0) 20 7399 9400
Shard Capital Partners LLP - J oint 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,

1

Details of  t he  p erson  disc harging  managerial responsib ilities / p erson  closely associated

a)

Name

Colin Bird

2

Reason for notification

a)

Position / status

Chairman

b)

I nitial notification

/Amendment

Initial

3

Details of  t he issu er, emission allow a n ce  m a r k et  participan t, au ct ion  plat for m, au ction eer or auc tion  monitor

a)

Name

Galileo Resources plc

b)

LEI

213800KSRIVLX7BJSP45

4

Details of  t he  t ransact ion (s): section  to  be  re p eated  for  ( i)  e a ch  type of instr u m e n t; (ii)  each  type of  transac tion; 

(iii)  each  date; and  ( iv)  each  place w h ere  transactions have  b een  condu cted

a)

Description of the financial instrument, t ype of instrument

I d e ntification code

Ordinary shares of 0.1 pence each in Galileo Resources plc

Issue of Ordinary Shares

ISIN GB00B115T142

Nature of the transaction

Issue of Ordinary Shares

c)

Price(s) and volumes(s)

Price(s)	Volumes(s)
1.1652 pence	2,250,000

d)

Aggregated information

n/a

e)

Date of the transaction

24 October 2024

f)

Place of the transaction

On market

1

Details of t he  p erson disc harging managerial responsib ilities /  p erson closely associated

a)

Name

Richard Wollenberg

2

Reason for notification

a)

Position / status

Non-Executive Director

b)

I nitial notification

/Amendment

Initial

3

Details of  t he issu er, emission allow a n ce  m a r k et  participan t, au ct ion  plat for m, au ction eer or auc tion  monitor

a)

Name

Galileo Resources plc

b)

LEI

213800KSRIVLX7BJSP45

4

Details of  t he  t ransact ion (s): section  to  be  re p eated  for  ( i)  e a ch  type of instr u m e n t; (ii)  each  type of  transac tion; 

(iii)  each  date; and  ( iv)  each  place w h ere  transactions have  b een  condu cted

a)

Description of the financial instrument, t ype of instrument

I d e ntification code

Ordinary shares of 0.1 pence each in Galileo Resources plc

Issue of Ordinary Shares

ISIN GB00B115T142

Nature of the transaction

Issue of Ordinary Shares

c)

Price(s) and volumes(s)

Price(s)	Volumes(s)
1.11 pence	400,000

d)

Aggregated information

n/a

e)

Date of the transaction

24 & 28 October 2024

f)

Place of the transaction

On market

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

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