Holding(s) in Company

RNS Number : 3713J

Tower Resources PLC

06 August 2012

 



   TR-1:NOTIFICATION OF MAJOR INTEREST IN SHARES 

1. Identity of the issuer or the underlying issuer of existing shares  to which voting rights are attached:		Tower 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() subject to the notification obligation:	Quantum Pacific Management Limited, on behalf of itself and for each of Quantum Pacific International Limited and Gladebrooke Holdings Limited (as indirect holders)
4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction and date on which the threshold is crossed or reached:	3 August 2012
6. Date on which issuer notified:	6 August 2012
7. Threshold(s) that is/are crossed or reached:	6%

8. Notified details:
A: Voting rights attached to shares
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
GBOOB05KQ069	25,350,000	25,350,000	108,683,333	108,683,333		6.69%

B: Qualifying Financial Instruments

Resulting situationafter the triggering transaction

Type of financial                 Expiration       Exercise/                         Number of voting                  %of voting instrument                          date xm                      Conversion Period xiv                    rights that may be                rights

acquired if the instrument is

exercised / converted.

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 xlx, XX
					Nominal	Delta

Total (A+B+C)
Number of voting  rights	Percentage of voting rights
108,683,333	6.69%

9. Chain of controlled undertakings through which the votingrights and/or  the financial instruments are effectively held, if applicable: xxi

Quantum Pacific Management Limited is a wholly owned subsidiary of Quantum Pacific International Limited.Quantum Pacific International Limited is a wholly owned subsidiary of Gladebrooke Holdings Limited, the owner of which is a trust in which Mr ldan Ofer and certain members of his family are the primary beneficiaries.

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holderwill cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:	Percentage shareholding based on 1,623,652,227 issued shares of the issuer, as published by the issuer.
14. Contact name:	Andri Smilas
15. Contact telephone number:	00357 25818533

 

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