Wentworth Resources PLC Transaction in Own Shares (1123W)
20 Décembre 2021 - 8:00AM
UK Regulatory
TIDMWEN
RNS Number : 1123W
Wentworth Resources PLC
20 December 2021
20 December 2021
WENTWORTH RESOURCES PLC
("Wentworth" or the "Company")
Transaction in own shares
Wentworth Resources plc (AIM: WEN), the independent,
Tanzania-focused natural gas production company, announces that, in
accordance with the terms of its share buyback programme announced
on 17 December 2021, it has purchased 7,500,000 ordinary shares of
no par value each in the capital of the Company (the "Shares") in
the market at a volume weighted average price of 20.0 pence per
Share, a discount of 4.8 per cent. to the closing mid market price
per share on 17 December 2021, through Stifel Nicolaus Europe
Limited ("Stifel") .
Katherine Roe, CEO, commented:
"We are pleased to have been able to make this opportunistic
acquisition of the Company's shares. The acquisition is accretive
to NAV, earnings and dividend per share and demonstrates our
ongoing commitment to maximise returns to shareholders."
Date of purchase: 17 December 2021
Aggregate number of ordinary shares purchased: 7,500,000
Lowest price paid per share: 20.0 pence
Highest price paid per share: 20.0 pence
Volume weighted average price paid per share: 20.0 pence
3,000,000 of the Shares acquired will be held in treasury to
satisfy upcoming obligations in respect of an employee share plan.
4,500,000 of the Shares will be held in treasury, pending
cancellation.
Following the share buyback the Company will have 178,049,139
ordinary shares of no par value each in issue and 7,500,000
ordinary shares in treasury. The figure of 178,049,139 may be used
by shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest
in, or a change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
In accordance with Article 5(1)(b) of Regulation (EU) No
596/2014 (the Market Abuse Regulation), the table below contains
detailed information of the individual trades made by Stifel as
part of the buyback programme.
Schedule of purchases:
Shares purchased: Wentworth Resources plc (ISIN:
JE00BGT34J81)
Date of purchases: 17 December 2021
Investment firm: Stifel Nicolaus Europe Limited
Individual transactions:
Number of shares Transaction price Time of transaction Trading venue
purchased (pence per share)
7,500,000 20.0 16:38:45 London Stock Exchange
------------------- -------------------- ----------------------
Enquiries:
Wentworth Resources Katherine Roe, katherine.roe@wentplc.com
Chief Executive Officer +44 (0) 7841 087 230
AIM Nominated Adviser and
Joint Broker
Callum Stewart
Stifel Nicolaus Europe Ashton Clanfield
Limited Simon Mensley +44 (0) 20 7710 7600
Joint Broker
Richard Crichton
Peel Hunt LLP Alexander Allen +44 (0) 20 7418 8900
Communications Advisor
Sara Powell
FTI Consulting Ben Brewerton +44 (0) 20 3727 1000
About Wentworth Resources
Wentworth Resources plc (AIM: WEN) is a leading, domestic
natural gas producer in Tanzania with a core producing asset
at Mnazi Bay in the onshore Rovuma Basin in Southern Tanzania.
Inside Information
The information contained within this announcement is deemed by
Wentworth to constitute inside information as stipulated under the
Market Abuse Regulation (EU) no. 596/2014 ("MAR") (as in force in
the UK and as amended by the Market Abuse (Amendment) (EU Exit)
Regulations 2019). On the publication of this announcement via a
Regulatory Information Service ("RIS"), this inside information is
now considered to be in the public domain.
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END
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