Director Share Transfer

RNS Number : 7085T

Tower Resources PLC

31 March 2016

 

31 March 2016

Tower Resources plc

Director Share Transfer

Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM-listed Africa-focussed oil and gas exploration company, announces the following Director share transfer.

On 30 March 2016, the Company was notified by Mr P Swatman, a non-Executive Director of the Company, that on that day his family company, Raigersfield Capital Limited ("Raigersfield") acquired from him 1,500,000 ordinary shares in the Company which he had previously held in his own name, at a price of 0.06 pence per share. Mr Swatman and his wife own 52% of the issued share capital of Raigersfield, with the remaining 48% being owned by their adult children. Accordingly, as before this notification, Mr Swatman remains interested in rights over a total of 10,999,450 ordinary shares in the Company, being 7,500,000 ordinary shares, 1,500,000 options and 1,999,450 warrants in the Company with 6,500,000 ordinary shares being held by Raigersfield.

Contacts

Tower Resources

Graeme Thomson (CEO)
Andrew Matharu (VP - Corporate Affairs)
[phone]

Peel Hunt LLP (Nominated Adviser and Broker)

Richard Crichton/Ross Allister
[phone]

Vigo Communications

Chris McMahon/ Alex Aleksandrov
[phone]

 

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