Tower Resources PLC PDMR Share and Option Transfer (9171O)
November 11 2016 - 2:00AM
UK Regulatory
TIDMTRP
RNS Number : 9171O
Tower Resources PLC
11 November 2016
11 November 2016
Tower Resources plc
PDMR Share and Option Transfer
Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)),
the AIM listed Africa focussed oil and gas exploration company,
announces the following PDMR share and option transfer.
On 10 November 2016, the Company was notified by P.D.F Limited
("P.D.F"), the Company's Outsourced Exploration Department
(OExD(R)), and a company owned by Dr Mark Enfield, that it had
transferred 1,808,144 Ordinary shares for nil consideration to
Geoscience Equity Limited, a company also owned by Dr Mark
Enfield.
On the same date, 112,000 shares options with an exercise price
ranging from 47.5p to 175.0p per share were also transferred for
nil consideration from the P.D.F Limited 2008 Employee Benefit
Trust to Geoscience Equity Limited.
Dr Mark Enfield's beneficial interest in the Company remains
unchanged and he is the beneficial owner of a total of 1,877,546
Ordinary shares representing an interest of 1.8 per cent of the
issued share capital and 112,000 share options with an exercise
price ranging from 47.5p to 175.0p per share.
Contacts
Tower Resources plc
Jeremy Asher (Chairman and CEO)
Andrew Matharu (VP - Corporate Affairs)
+44 20 7253 6639
Peel Hunt LLP (Nominated Adviser and Broker)
Richard Crichton/Ross Allister
+44 20 7418 8900
The notifications below, made in accordance with the
requirements of the Market Abuse Regulation, provide further
detail.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------------
a. Name Mark Enfield
--- ------------------------------ --------------------------------------
2. Reason for the notification
--- ----------------------------------------------------------------------
a. Position/status PDMR
--- ------------------------------ --------------------------------------
b. Initial notification Initial Notification
/Amendment
--- ------------------------------ --------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------------------
a. Name Tower Resources PLC
--- ------------------------------ --------------------------------------
b. LEI -
--- ------------------------------ --------------------------------------
4. Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- ----------------------------------------------------------------------
a. Description Ordinary shares of GBP0.01 each
of the
Financial
instrument,
type
of instrument
Identification
code
--- ------------------------------ --------------------------------------
b. Nature of Transfer of Ordinary shares
the transaction
--- ------------------------------ --------------------------------------
c. Price(s) Price(s) Volume(s)
and volume(s) ------------------- ----------
Nil consideration 1,808,144
------------------- ----------
--- ------------------------------ --------------------------------------
d. Aggregated
information
* Aggregated volume N/A - single transaction
* Price
--- ------------------------------ --------------------------------------
e. Date of the 10 November 2016
transaction
--- ------------------------------ --------------------------------------
f. Place of Outside of a trading venue
the transaction
--- ------------------------------ --------------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------------
a. Name Mark Enfield
--- ------------------------------ --------------------------------------
2. Reason for the notification
--- ----------------------------------------------------------------------
a. Position/status PDMR
--- ------------------------------ --------------------------------------
b. Initial notification Initial Notification
/Amendment
--- ------------------------------ --------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------------------
a. Name Tower Resources PLC
--- ------------------------------ --------------------------------------
b. LEI -
--- ------------------------------ --------------------------------------
4. Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- ----------------------------------------------------------------------
a. Description Options to subscribe for new ordinary
of the shares of GBP0.01 each
Financial
instrument,
type
of instrument
Identification
code
--- ------------------------------ --------------------------------------
b. Nature of Transfer of Options
the transaction
--- ------------------------------ --------------------------------------
c. Price(s) Price(s) Volume(s)
and volume(s) -------------------- ----------
Nil consideration 96,000
Nil consideration 16,000
-------------------- ----------
--- ------------------------------ --------------------------------------
d. Aggregated
information
* Aggregated volume
112,000
47.5p to 175.0p
* Price
--- ------------------------------ --------------------------------------
e. Date of the 10 November 2016
transaction
--- ------------------------------ --------------------------------------
f. Place of Outside of a trading venue
the transaction
--- ------------------------------ --------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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