GALILEO RESOURCES PLC — Major Shareholding Notification 2017

Feb 9, 2017

National Storage Mechanism | Additional information

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RNS Number : 4517W

Galileo Resources PLC

09 February 2017

Galileo Resources PLC (AIM: GLR)

9 February 2017

Galileo Resources Plc

("Galileo" or the "Company")

Holdings in Company

The Board of Galileo announces that the Company has received the following TR-1 notification which is set out below. Tiger Resource Finance plc is an AIM traded company of which Colin Bird, a director of Galileo, is CEO and has a 6.1% shareholding.

A copy of this announcement is available on the Company's website www.galileoresources.com.

You can also follow Galileo on Twitter: @GalileoResource.

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: Nominated Advisor Roland Cornish/James Biddle	Tel +44 (0)20 7628 3396
Beaufort Securities Limited - Broker Jon                                Belliss	Tel +44 (0) 20 7382 8416

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																	x
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								Tiger Resource Finance Plc
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:								3/2/2017
6. Date on which issuer notified:								4/2/2017
7. Threshold(s) that is/are crossed or reached: vi, vii								5%
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 Shares	10,416,667				10,416,667		6,516,667			6,516,667				3.33%
GB00B115T142
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
6,516,667									3.33%
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:									MR RAJU SAMTANI
15. Contact telephone number:

ENDS

This information is provided by RNS

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