GALILEO RESOURCES PLC — Major Shareholding Notification 2015

Dec 1, 2015

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 6354H

Galileo Resources PLC

01 December 2015

For Immediate Release

1 December 2015

Galileo Resources Plc

("Galileo" or the "Company")

Holding in Company

Galileo (AIM:GLR), the exploration and development mining company, announces that it has today been informed of the following notifiable interest in the Company.

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				Yes
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		Stuart James Packwood
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		30 November 2015
6. Date on which issuer notified:		1 December  2015
7. Threshold(s) that is/are crossed or reached: vi, vii		17%18%

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 0.01p	25,560,691			25,560,691			28,581,462		28,581,462		0	18.35%			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
28,581,462								18.35%

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:	Torr Waterfield
14. Contact name:	Denise Burley
15. Contact telephone number:	01162423400

You can also follow Galileo on Twitter: @GalileoResource

For further information, please contact:

Colin Bird, Chairman                                                      Tel +44 (0) 20 7581 4477

Andrew Sarosi, Technical Director                           Tel +44 (0) 1752 221937

Beaumont Cornish Limited - Nomad                      Tel +44 (0) 20 7628 3396

Roland Cornish/James Biddle

Beaufort Securities Limited - Joint Broker           Tel +44 (0) 20 7328 8300

Elliot Hance/Jon Belliss

Daniel Stewart & Co - Joint Broker                          Tel +44 (0) 20 7776 6596

David Coffman/Martin Lampshire

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLUGGQWPUPAGQG