Last checked at 11 Nov 2016 07:00
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®), 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 /Amendment | Initial Notification | ||||
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 of the Financial instrument, type of instrument Identification code | Ordinary shares of £0.01 each | ||||
b. | Nature of the transaction | Transfer of Ordinary shares
| ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information · Aggregated volume · Price
|
N/A - single transaction
| ||||
e. | Date of the transaction | 10 November 2016 | ||||
f. | Place of the transaction | Outside of a trading venue | ||||
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 /Amendment | Initial Notification | ||||
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 of the Financial instrument, type of instrument Identification code | Options to subscribe for new ordinary shares of £0.01 each | ||||
b. | Nature of the transaction | Transfer of Options
| ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information · Aggregated volume · Price
|
112,000 47.5p to 175.0p | ||||
e. | Date of the transaction | 10 November 2016 | ||||
f. | Place of the transaction | Outside of a trading venue | ||||