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Galileo Resources - Results of General Meeting

RNS Number : 4058Q
Galileo Resources PLC
18 June 2020
 


 

 

For immediate release

 

 18 June 2020

Galileo Resources Plc

("Galileo" or "the Company")

 

  Results of General Meeting

Following the Company's General Meeting held earlier today, we are pleased to announce that all the resolutions proposed, as set out in the Circular and Notice of the General Meeting, were duly passed with a 77% majority vote in favour and a 23% vote against. There were no abstentions.

Accordingly, the Company can proceed to issue the 57,937,500 Conditional Placing Shares as referred to in the announcement of 1 June 2020. Application has been made for Admission of the Conditional Placing Shares, which is expected to take place on or around 24 June 2020. Following the issue of the Conditional Placing Shares, the Company's issued share capital will be 766,076,193 Ordinary Shares with voting rights. Shareholders in the Company may use these figures as the denominator for the calculation, by which they would determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

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

Roland Cornish

 

Tel +44 (0) 20 7628 3396

 

Novum Securities Limited - Joint Broker

Colin Rowbury/Jon Belliss

 

Tel +44 (0) 20 7399 9400



  Shard Capital Partners LLP - Joint Broker         Tel +44 (0) 20 7186 9952

  Damon Heath


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Galileo Resources PLC

Price: 0.655

Market: AIM
Market Cap: £5.07 m
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