TIDMTRP

RNS Number : 2532E

Tower Resources PLC

06 February 2015

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or the underlying                 Tower Resources Plc 
  issuer 
  of existing shares to which voting rights 
  are 
  attached: (ii) 
---------------------------------------------------  ---------------------------------- 
 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):                                                           x 
--------------------------  --------------------------------------------------  ------- 
 3. Full name of person(s) subject                         Morgan Stanley 
  to the                                         (Institutional Securities Group and 
  notification obligation: (iii)                      Global Wealth Management) 
------------------------------------------  ------------------------------------------- 
 4. Full name of shareholder(s)                  Morgan Stanley & Co. International 
  (if different from 3.):(iv)                                    plc 
------------------------------------------  ------------------------------------------- 
 5. Date of the transaction and date                         23/01/2015 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
------------------------------------------  ------------------------------------------- 
 6. Date on which issuer notified:                           05/02/2015 
------------------------------------------  ------------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii) 
------------------------------------------  ------------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------------ 
 Class/type      Situation previous                         Resulting situation after the triggering 
  of              to the triggering                          transaction 
  shares          transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
--------------  -----------------------------------------  ------------------------------------------------------------------- 
                 Number              Number                 Number          Number of voting           % of voting rights 
                  of                  of                     of shares       rights                     (x) 
                  Shares              Voting 
                                      Rights 
--------------  ------------------  ---------------------  --------------  -------------------------  ------------------------ 
                                                            Direct          Direct (xi)     Indirect   Direct      Indirect 
                                                                                             (xii) 
--------------  ---  ----  -------    ------  -----  ----  --------------  --------------  ---------  ----------  ------------ 
 
  GB00B05KQ069     282,178,873         282,178,873          282,351,673     282,351,673                7.42% 
--------------  ------------------  ---------------------  --------------  --------------  ---------  ----------  ------------ 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------ 
 Type of financial          Expiration         Exercise/                         Number of voting            % of voting 
  instrument                 date (xiii)        Conversion Period                 rights that may             rights 
                                                (xiv)                             be 
                                                                                  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    Exercise         Expiration     Exercise/         Number of voting               % of voting rights 
  instrument           price            date (xvii)    Conversion        rights instrument              (xix, xx) 
                                                       period            refers to 
                                                       (xviii) 
-------------------  ---------------  -------------  ----------------  -----------------------------  ------------------------ 
                                                                                                       Nominal        Delta 
-------------------  ---------------  -------------  ----------------  -----------------------------  -------------  --------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                                Percentage of voting rights 
---------------------------------------------------------------------  ------------------------------------------------------- 
 
   282,351,673                                                          7.42% 
---------------------------------------------------------------------  ------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
----------------------------------------------------------------------------------------------- 
 
   Morgan Stanley & Co. International plc, 25 Cabot Square, Canary Wharf, 
   London E14 4QA is a direct holder of 282,037,149 voting rights (7.41%) 
   and is a subsidiary of Morgan Stanley Investments (UK) 
 
   Morgan Stanley Investments (UK), 20 Bank Street, Canary Wharf, London 
   E14 4AD is an indirect holder of 282,351,673 voting rights (7.42%) and 
   is a subsidiary of Morgan Stanley UK Group 
 
   Morgan Stanley UK Group, 25 Cabot Square, Canary Wharf, London E14 4QA 
   is an indirect holder of 282,351,673 voting rights (7.42%) and is a subsidiary 
   of Morgan Stanley Group (Europe) 
 
   Morgan Stanley Group (Europe), 20 Bank Street, Canary Wharf, London E14 
   4AD is an indirect holder of 282,351,673 voting rights (7.42%) and is 
   a subsidiary of Morgan Stanley International Limited 
 
   Morgan Stanley International Limited, 25 Cabot Square, Canary Wharf, 
   London E14 4QA is an indirect holder of 282,351,673 voting rights (7.42%) 
   and is a subsidiary of Morgan Stanley International Holdings Inc. 
 
   Morgan Stanley International Holdings Inc., The Corporation Trust Company, 
   Corporation Trust Centre, 1209 Orange Street, Wilmington, Delaware DE19801, 
   USA is an indirect holder of 282,351,673 voting rights (7.42%) and is 
   a subsidiary of Morgan Stanley 
 
 Proxy Voting: 
----------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                                N/A 
--------------------------------------------------------------  ------------------------------- 
 11. Number of voting rights proxy holder will                                N/A 
  cease 
  to hold: 
--------------------------------------------------------------  ------------------------------- 
 12. Date on which proxy holder will cease to                                 N/A 
  hold 
  voting rights: 
--------------------------------------------------------------  ------------------------------- 
 
 
  13. Additional information:        Morgan Stanley are currently in the process of 
                                     transitioning the business currently conducted 
                                     by Morgan Stanley Securities Ltd ("MSSL") to 
                                     Morgan Stanley & Co International plc ("MSIP"). 
                                     The transition will take part in tranches and 
                                     is due for completion by 1 April 2015. This notification 
                                     is being made on the basis the Tower Resources 
                                     Plc shares previously held by MSSL have now been 
                                     transitioned to MSIP which has resulted in a 
                                     change in beneficial ownership. Please note the 
                                     aggregate holding across the Morgan Stanley group 
                                     remains within the thresholds previously reported. 
--------------------------------  ------------------------------------------------------------- 
 14. Contact name:                 Craig Horsley 
--------------------------------  ------------------------------------------------------------- 
 15. Contact telephone 
  number:                          0141 245 7736 
--------------------------------  ------------------------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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