Holding(s) in Company

RNS Number : 7269K

Tower Resources PLC

01 August 2013

 



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: ii			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(s) subject to the notification obligation: iii		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.):iv
5. Date of the transaction and date on which the threshold is crossed or reached: v		30 July 2013
6. Date on which issuer notified:		31 July 2013
7. Threshold(s) that is/are crossed or reached: vi, vii		10%

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

GBOOB05KQ069

108,683,333

108,683,333

264,953,680

264,953,680

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

264,953,680

10.92%

9. Chain of controlled undertakings through which the voting rights 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 Idan 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 holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:	Percentage shareholding based on 2,425,995,493 issued shares of the issuer, as published by the issuer
14. Contact name:	Andri Smilas
15. Contact telephone number:	00357 25558055

 

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