03:12 Thu 06 Jun 2019
Tower Resources PLC - Posting of Annual Report, Accounts and AGM Notice
Posting of Annual Report and Accounts, Notice of Meeting and Proposed Share Capital Reorganisation
The AGM is convened to be held at the
As part of the special business of the AGM the Company is proposing a Share Capital Reorganisation via the subdivision and re-designation of the existing share capital of the Company and an amendment to the Company's articles of association, in order to achieve a reduction in the par value of each Existing Ordinary Share from
The Share Capital Reorganisation will involve the subdivision and redesignation of the 565,716,052 Existing Ordinary Shares of
The trading price of the New Ordinary Shares is not expected to be affected by the Share Capital Reorganisation. It is only the nominal value of the New Ordinary Shares which will change, to £0.00001 , compared to the current nominal value of the Existing Ordinary Shares of £0.01 .
The expected timetable of the Share Capital Reorganisation is as follows:
Circular posted to Shareholders
Latest time and date for receipt of Forms of Proxy
on
Annual General Meeting
on
Record Date for the Share Capital Reorganisation
on
Admission of the New Ordinary Shares to trading on AIM
on
Expected date on which CREST accounts are to be updated to reflect holdings
of New Ordinary Shares instead of Existing Ordinary Shares
Contacts
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Jeremy Asher |
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Andrew Matharu |
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+44 20 3470 0470 |
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Stuart Gledhill Caroline Rowe |
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Andy Thacker
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+44 20 3621 4120 |
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Nick Lovering Hugh Rich
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+44 20 7659 1234 |
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+44 20 3735 8825 |
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Tim Thompson |
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