Tower Resources plc (‘Tower’), LN: TRP, the AIM listed oil and gas exploration company, announces that it has issued 4 million options to Andrew Matharu who has joined the Company today as Vice President Corporate Affairs as announced on 7 March 2013. The options have an exercise price of 2.10p per share, will vest in three equal tranches 12, 24 and 36 months respectively after issue and will all expire if not previously exercised on the fifth anniversary of their issue.
Contacts
Tower Resources
Jeremy Asher (Chairman)
Graeme Thomson (CEO)
+44 20 7253 6639
Northland Capital Partners Limited
(Nominated Adviser and Joint Broker)
Gavin Burnell / Edward Hutton
John Howes / Alice Lane (Broking)
+44 20 7796 8800
Investec (Joint Broker)
Ben Colegrave, Chris Sim
+44 20 759 74000
M Communications
Patrick d’Ancona, Chris McMahon, Andrew Benbow
+44 20 7920 2358
-ends-
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