TIDMTRP

RNS Number : 9415U

Tower Resources PLC

03 August 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): Dilution from the Placing                               X 
----------------------------------------------------------------------------  ------- 
 3. Full name of person(s) subject              Rift Petroleum Group Holdings Limited 
  to the 
  notification obligation: (iii) 
-----------------------------------------  ------------------------------------------ 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------  ------------------------------------------ 
 5. Date of the transaction and date                                       20-07-2015 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
-----------------------------------------  ------------------------------------------ 
 6. Date on which issuer notified:                                         03-08-2015 
-----------------------------------------  ------------------------------------------ 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                            7%-4% 
-----------------------------------------  ------------------------------------------ 
 
 
 
 8. Notified details: 
----------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
----------------------------------------------------------------------------------------------------------------------------- 
 Class/type of    Situation previous                      Resulting situation after the triggering 
  shares           to the triggering                       transaction 
                   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) 
-------------    -----  -----  -------      -----  ----  --------------  --------------  ---------  ----------  ------------- 
 Common Stock 
 ISIN 
 GB00B05KQ069     299,248,925            7.9%             299,248,925     299,248,925     4.4% 
                 ---------------------  ---------------  --------------  --------------  ---------  ----------  ------------- 
 
 
 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 
-----------------------------------------------------------------  ---------------------------------------------------------- 
 299,248,925                                                        4.4% 
-----------------------------------------------------------------  ---------------------------------------------------------- 
 
 
 
 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: 
----------------------------------------  -------------------------------------- 
 14. Contact name:                                                   Venkat Siva 
----------------------------------------  -------------------------------------- 
 15. Contact telephone number:                                     020 7016 5130 
----------------------------------------  --------------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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