TIDMTRP

RNS Number : 3413M

Tower Resources PLC

19 January 2016

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                            Tower Resources plc 
  the underlying 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): 
------------------------------------------------------------  ------------------------------ 
 3. Full name of person(s)                                     Rift Petroleum Group Holdings 
  subject to the                                                                     Limited 
  notification obligation: 
  (iii) 
------------------------------------------------------------  ------------------------------ 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
------------------------------------------------------------  ------------------------------ 
 5. Date of the transaction                                                       18-01-2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
------------------------------------------------------------  ------------------------------ 
 6. Date on which issuer                                                          19-01-2016 
  notified: 
------------------------------------------------------------  ------------------------------ 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                      4% 
------------------------------------------------------------  ------------------------------ 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------- 
 Class/type       Situation                        Resulting situation after the 
  of               previous                         triggering transaction 
  shares           to the triggering 
                   transaction 
  if possible 
  using 
  the ISIN 
  CODE 
---------------  -------------------------------  ----------------------------------------------------------------------- 
                  Number          Number           Number          Number of                     % of voting 
                   of              of               of shares       voting                        rights (x) 
                   Shares          Voting                           rights 
                                   Rights 
-------------    --------------  ---------------  --------------  ----------------------------  ------------------------- 
                                                   Direct          Direct          Indirect      Direct        Indirect 
                                                                    (xi)            (xii) 
-------------      ------------    -----------    --------------  --------------  ------------  ------------  ----------- 
 Common Stock 
 ISIN 
 GB00B05KQ069     283,748,925     4.2%             231,748,925     231,748,925     3.4% 
                 --------------  ---------------  --------------  --------------  ------------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration      Exercise/                        Number of voting                % of voting 
 financial           date            Conversion                       rights that                     rights 
 instrument          (xiii)          Period (xiv)                     may 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 
 financial      price             date           Conversion         rights instrument               rights (xix, 
 instrument                       (xvii)         period             refers to                       xx) 
                                                 (xviii) 
-------------  ----------------  -------------  ----------------  ------------------------------  ----------------------- 
                                                                                                   Nominal       Delta 
-------------  ----------------  -------------  ----------------  ------------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                             Percentage of voting rights 
--------------------------------------------------  --------------------------------------------------------------------- 
 231,748,925                                         3.4% 
--------------------------------------------------  --------------------------------------------------------------------- 
 
 
 
 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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January 19, 2016 09:30 ET (14:30 GMT)

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