TIDMTRP

RNS Number : 0328U

Tower Resources PLC

24 July 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                                        P 
-----------------------------------------------------------------------------------  -------- 
 Other (please 
  specify): 
------------------  ---------------------------------------------------------------  -------- 
 3. Full name of person(s) subject           Quantum Pacific Finance Holdings Limited 
  to the                                      ("QPFHL"), on behalf of itself and 
  notification obligation: (iii)              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         15 July 2015 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
------------------------------------------  ------------------------------------------------- 
 6. Date on which issuer notified:           24 July 2015 
------------------------------------------  ------------------------------------------------- 
 7. Threshold(s) that is/are crossed         QPFHL holds more than 5% 
  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          Indirect   Direct          Indirect 
                                                                        (xi)            (xii) 
--------------    -----  -------  ------  -----  ---  --------------  --------------  ---------  --------------  ------------ 
 
 
  GB00B05KQ069   368,223,680       368,223,680         368,223,680     368,223,680                5.47% 
                ----------------  ------------------  --------------  --------------  ---------  --------------  ------------ 
 
 
 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           Exercise        Expiration     Exercise/            Number of voting                % of voting rights 
 financial          price           date (xvii)    Conversion           rights instrument               (xix, xx) 
 instrument                                        period               refers to 
                                                   (xviii) 
----------------  --------------  -------------  -------------------  ------------------------------  ----------------------- 
                                                                                                       Nominal       Delta 
----------------  --------------  -------------  -------------------  ------------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                             Percentage of voting rights 
------------------------------------------------------------------  --------------------------------------------------------- 
 368,223,680                                                         5.47% 
------------------------------------------------------------------  --------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
---------------------------------------------------------------------------------------------- 
                         Quantum Pacific Finance Holdings 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 is the primary beneficiary. 
 
 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: 
----------------------------------------------------------  ---------------------------------- 
 
                                              Percentage shareholding based on 6,735,155,777 
  13. Additional information:                  issued shares of the issuer, as published 
                                               by the issuer 
-------------------------------------------  ------------------------------------------------- 
 14. Contact name:                            Andri Smilas 
-------------------------------------------  ------------------------------------------------- 
 15. Contact telephone number:                00357 25 558055 
-------------------------------------------  ------------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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