TIDMGLR

RNS Number : 5533G

Galileo Resources PLC

02 March 2018

For immediate release

02 March 2018

Galileo Resources Plc

("Galileo" or "the Company")

STATEMENT REGARDING BROKER

The Company notes the announcement today regarding Beaufort Securities Limited ("BSL") and Beaufort Asset Clearing Services Limited ("BACSL") being placed into insolvency and that the Financial Conduct Authority (the "FCA") has imposed requirements on BSL and BACSL to cease all regulatory activity.

BSL is the broker to the Company pursuant to the AIM Rules for Companies (the "AIM Rules"). As a result of the requirements imposed by the FCA, BSL will no longer be able to provide broking services to the Company in accordance with the AIM Rules.

The Company is seeking to appoint a new broker as soon as possible and a further announcement will be made when this appointment is made.

You can also follow Galileo on Twitter: @GalileoResource

For further information, please contact:

 
 Galileo Resources PLC                  Tel +44 (0) 20 7581 
  Colin Bird, Chairman                   4477 
  Andrew Sarosi, Executive               Tel +44 (0) 1752 221937 
  Director 
 
 Beaumont Cornish Limited               Tel +44 (0) 20 7628 
  - Nomad                                3396 
  Roland Cornish/James Biddle 
 
 Beaufort Securities Limited - Broker   Tel +44 (0) 20 7382 
  Jon Bellis/Elliot Hance                8416

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

March 02, 2018 07:13 ET (12:13 GMT)

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