Holding(s) in Company

RNS Number : 9729E

Tower Resources PLC

16 April 2014

 



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

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				✔
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		Rift Petroleum Group Holdings Limited
4. Full name of shareholder(s)  (if different from 3.):iv		Same as above.
5. Date of the transaction and date on which the threshold is crossed or reached: v		15-Apr-2014
6. Date on which issuer notified:		16-Apr-2014
7. Threshold(s) that is/are crossed or reached: vi, vii		14% - 11%

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

Common Stock ISIN GB00B05KQ069

275,000,000

550,000,000

134,298,925

134,298,925

409,298,925

3.6%

10.9%

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

409,298,925

10.9%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
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:	As permitted by the share purchase agreement between Rift Petroleum Group Holdings Limited ("RPG") and Tower Resources plc ("Tower"), RPG has transferred 140,701,075 ordinary shares to certain institutional and private co- funders since admission of the 550,000,000 consideration shares on 14 April 2014 and is now interested in 409,298,925 ordinary shares being 10.9% of the issued share capital of Tower. As previously announced, 275,000,000 of the consideration shares are held subject to a hard lock-in for a period of twelve months from their issue and the other consideration shares remaining after those transferred as notified are subject to orderly market provisions.
14. Contact name:	Venkat Siva
15. Contact telephone number:	020 7016 5130

 

END

 

 

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