TIDMTRP TIDMPRU

RNS Number : 5912I

Tower Resources PLC

31 August 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                                 X 
----------------------------------------------------------  ---------------------------------- 
 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)                                   Prudential plc group of companies 
  subject to the 
  notification obligation: 
  (iii) 
----------------------------------------------------------  ---------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv)                                          Prudential plc 
                                                                      M&G Group Limited 
                                                                         M&G Limited 
                                                                  M&G Investment Management 
                                                                           Limited 
                                                                   M&G Securities Limited 
----------------------------------------------------------  ---------------------------------- 
 5. Date of the transaction                                           30 August 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
----------------------------------------------------------  ---------------------------------- 
 6. Date on which issuer                                              31 August 2016 
  notified: 
----------------------------------------------------------  ---------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                     15% - 11% 
----------------------------------------------------------  ---------------------------------- 
 
 
 
 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 voting               % of voting 
                 of               of                of shares      rights                         rights (x) 
                 Shares           Voting 
                                  Rights 
-------------  ---------------  ----------------  -------------  -----------------------------  ---------------------- 
                                                   Direct         Direct         Indirect        Direct     Indirect 
                                                                  (xi)            (xii) 
-------------      -----------      ------------  -------------  -------------  --------------  ---------  ----------- 
 ORD GBP0.01 
 GB00BZ6D6J81     4,092,998         4,092,998       3,092,998          0           3,092,998        0         11.35% 
-------------  ---------------  ----------------  -------------  -------------  --------------  ---------  ----------- 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration       Exercise/                      Number of        % of voting 
 financial           date             Conversion                    voting            rights 
 instrument          (xiii)           Period (xiv)                  rights that 
                                                                    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        % of voting 
 financial         price            date           Conversion     voting            rights (xix, 
 instrument                         (xvii)         period         rights            xx) 
                                                   (xviii)        instrument 
                                                                  refers to 
---------------  ---------------  --------------  -------------  ---------------  ------------------------------------ 
                                                                                   Nominal         Delta 
---------------  ---------------  --------------  -------------  ---------------  --------------  -------------------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                             Percentage of voting rights 
--------------------------------------------------  ------------------------------------------------------------------ 
 3,092,998                                           11.35% 
--------------------------------------------------  ------------------------------------------------------------------ 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------------- 
 
   Prudential plc (parent Company) - 3,092,998 (11.35%) 
   M&G Group Limited (wholly owned subsidiary of Prudential 
   plc) - 3,092,998 (11.35%) 
   M&G Limited (wholly owned subsidiary of M&G Group Limited 
   - 3,092,998 (11.35%) 
   M&G Investment Management Limited (wholly owned subsidiary 
   of M&G Limited) - 3,092,998 (11.35%) 
   M&G Securities Limited (wholly owned subsidiary of M&G 
   Limited) - 3,092,998 (11.35%) 
 
 Proxy Voting: 
------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                        N/A 
--------------------------------------------------------  --------------------------- 
 11. Number of voting rights proxy                                    N/A 
  holder will cease to hold: 
--------------------------------------------------------  --------------------------- 
 12. Date on which proxy holder will                                  N/A 
  cease to hold voting rights: 
--------------------------------------------------------  --------------------------- 
 
 
  13. Additional information: 
--------------------------------------------------------  --------------------------- 
 14. Contact name:                                         John Baker / Owen Smith / 
                                                            James Todd 
                                                            M&G Investment Management 
                                                            Limited 
--------------------------------------------------------  --------------------------- 
                                                           020 7548 2561 / 020 7004 
 15. Contact telephone number:                              4517 / 020 7548 2293 
--------------------------------------------------------  --------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 31, 2016 09:59 ET (13:59 GMT)

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