Last checked at 31 Mar 2016 11:15
31 March 2016
Tower Resources plc
Director Share 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 Director share transfer.
On 30 March 2016, the Company was notified by Mr P Swatman, a non-Executive Director of the Company, that on that day his family company, Raigersfield Capital Limited ("Raigersfield") acquired from him 1,500,000 ordinary shares in the Company which he had previously held in his own name, at a price of 0.06 pence per share. Mr Swatman and his wife own 52% of the issued share capital of Raigersfield, with the remaining 48% being owned by their adult children. Accordingly, as before this notification, Mr Swatman remains interested in rights over a total of 10,999,450 ordinary shares in the Company, being 7,500,000 ordinary shares, 1,500,000 options and 1,999,450 warrants in the Company with 6,500,000 ordinary shares being held by Raigersfield.
Contacts
Tower Resources
Graeme Thomson (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
Vigo Communications
Chris McMahon/ Alex Aleksandrov+44 20 7016 9572