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Tower Resources PLC - Result of AGM

RNS Number : 1396S
Tower Resources PLC
06 July 2020

6 July 2020


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                                                    99.8%         0.2%                     

Ordinary Resolution 3                                                    99.8%         0.2%                       

Ordinary Resolution 4                                                    99.8%         0.2%                     

Ordinary Resolution 5                                                    95.0%         5.0%                 

Ordinary Resolution 6                                                    95.0%         5.0%                         

Special Resolution 7                                                       95.0%          5.0%                     


Cancellation of Deferred Shares

Following the approval of shareholders at the AGM, all of the Deferred Shares of £0.00004, which were created at the 2016 Annual General Meeting and all of the B Deferred Shares of £0.00001, which were created at the 2019 Annual General Meeting as part of the reduction in the par value of the Company's Ordinary Shares and which have effectively no value, will be cancelled with effect from 8:00am on 7th July 2020.




Tower Resources plc

+44 20 7157 9625

Jeremy Asher
Chairman and CEO


Andrew Matharu
VP - Corporate Affairs

SP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker

+44 20 3470 0470

Stuart Gledhill

Caroline Rowe

Turner Pope Investments (TPI) Limited
Joint Broker

Andy Thacker

Zoe Alexander


+44 20 3657 0050

Whitman Howard Limited
Joint Broker

Nick Lovering


+44 20 7659 1234








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Quick facts: Tower Resources PLC

Price: 0.33

Market: AIM
Market Cap: £4.37 m

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