Tower Resources PLC Issue of Equity (7357W)
November 16 2017 - 7:00AM
UK Regulatory
TIDMTRP
RNS Number : 7357W
Tower Resources PLC
16 November 2017
16 November 2017
Tower Resources plc
Issue of Equity
Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)),
the AIM listed oil and gas company with its focus on Africa,
announces the following issuance of new ordinary shares of 1.0
pence each in the capital of the Company (the "New Shares").
Two of the Company's service providers have elected to receive
4,352,919 New Shares in lieu of GBP43,529.19 of fees accrued during
the period leading up to the Company's recent Placing, announced on
9 November 2017. The New Shares are being issued at the same price
of 1.0p per New Share as per that Placing.
Details of the New Shares
Application will be made for the New Shares, which will rank
pari passu with the existing shares, to be admitted to trading on
AIM ("Admission"). It is expected that Admission will become
effective and dealings will commence in the New Shares on or around
22 November 2017.
Total Voting Rights
Following the issue of the New Shares, the issued share capital
of the Company will consist of 374,270,520 shares. No shares were
held in treasury at the date of this announcement. The total
current voting rights in the Company are therefore 374,270,520.
The above total current voting rights number is the figure which
may be used by shareholders as the denominator for the calculation
by which they will determine if they are required to notify their
interest in, or a change to their interest in the Company.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
Contacts
Tower Resources info@towerresources.co.uk
plc
Jeremy Asher
Chairman and CEO
Andrew Matharu
VP - Corporate
Affairs
SP Angel Corporate
Finance LLP
Nominated Adviser
and Broker +44 20 3470 0470
Stuart Gledhill
Caroline Rowe
This information is provided by RNS
The company news service from the London Stock Exchange
END
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