TOWER RESOURCES PLC — AGM Information 2020

Jul 6, 2020

National Storage Mechanism | Additional information

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.

Contacts

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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