27th Dec 2013 09:52
LONDON (Alliance News) - Tower Resources PLC Friday said Chief Executive Graeme Thomson Monday gifted 6.5 million shares to his adult children. He retains an interest in just under 36 million shares in total.
The company also said that on the same day, director Philip Swatman's family company Raigersfield Capital Ltd acquired 2 million shares from him at a price of 4.3 pence each. Following the deal, Swatman retains an interest in rights over a total of 7,999,450 shares in the company.
Tower Resources shares were up 2.4% at 4.58 pence Friday morning.
By Steve McGrath; [email protected]; @stevemcgrath1
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