Tower Resources PLC Result of AGM (8877D)

TIDMTRP

RNS Number : 8877D

Tower Resources PLC

28 June 2019

28 June 2019

Tower Resources plc

Results of Annual General Meeting

Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM listed oil and gas company with its focus on Africa, is pleased to announce that at the Annual General Meeting ("AGM") of the Company held earlier today, all the resolutions proposed in the notice of meeting were duly passed. The voting in respect of each resolution was as follows:

                                                                                                   In favour              Against 

Ordinary Resolution 1 99.9% 0.1%

Ordinary Resolution 2 99.9% 0.1%

Ordinary Resolution 3 99.9% 0.1%

Ordinary Resolution 4 99.9% 0.1%

Ordinary Resolution 5 99.9% 0.1%

Special Resolution 6 99.9% 0.1%

Special Resolution 7 99.9% 0.1%

Share Capital Reorganisation

Following the approval of shareholders at the AGM, each existing ordinary share of 1.0 pence each in the capital of the Company ("Existing Ordinary Share") will be subdivided and redesignated into one new ordinary share of 0.001 pence ("New Ordinary Share") and 999 B deferred shares of 0.001 pence (the "Share Capital Reorganisation") with effect from 8:00am on 1 July 2019.

The New Ordinary Shares will carry the same rights in all respects as each Existing Ordinary Share. B deferred shares shall have the rights and restrictions as set out in the amended articles of association and shall not entitle the holder thereof to receive notice of or attend and vote at any general meeting of the Company or to receive a dividend or other distribution.

Total Voting Rights

As at 28 June 2019, the total issued share capital of the Company consists of 580,716,052 ordinary shares of 1.0 pence each with voting rights.

As at 1 July 2019 and following the completion of the Share Capital Reorganisation, the total issued share capital of the Company will consist of 580,716,052 ordinary shares of 0.001 pence each with voting rights and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in the interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Contacts

 
 Tower Resources plc          [phone] 
                                [e-mail] 
 Jeremy Asher 
  Chairman and CEO 
 
   Andrew Matharu 
   VP - Corporate Affairs 
 
 
   SP Angel Corporate 
   Finance LLP 
   Nominated Adviser 
   and Joint Broker            [phone] 
 Stuart Gledhill 
 Caroline Rowe 
 
 
 Turner Pope Investments (TPI) Limited 
  Joint Broker 
  Andy Thacker                                          [phone] 
 Whitman Howard Limited 
  Joint Broker 
  Nick Lovering                                         [phone] 
 Yellow Jersey PR Limited                               [phone] 
 Tim Thompson 
 
 

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June 28, 2019 10:20 ET (14:20 GMT)