TIDMWEN

RNS Number : 8356F

Wentworth Resources PLC

24 March 2022

FOR IMMEDIATE RELEASE

24 March 2022

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 the following number of ordinary shares of no par value each in the capital of the Company through Stifel Nicolaus Europe Limited .

 
 Date of purchase:                                 23 March 2022 
 Aggregate number of ordinary shares purchased:            7,500 
 Lowest price paid per share:                              21.40 
 Highest price paid per share:                             21.40 
 Volume weighted average price paid per share:             21.40 
 

Following the share buyback the Company will have 177,518,432 ordinary shares (excluding treasury shares) of no par value each in issue. This purchase brings the total number of ordinary shares held in treasury to 3,359,801 of which 359,801 of these shares held are pending cancellation.

The figure of 177,518,432 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:   23 March 2022 
 Investment firm:     Stifel Nicolaus Europe Limited 
 

Individual transactions:

 
Transaction date    Number of shares   Transaction price    Trading venue 
     and time           purchased       (pence per share) 
 23 March 2022,          7,500               21.40               LSE 
    16:32 p.m. 
                   -----------------  -------------------  -------------- 
 
 
 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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March 24, 2022 03:00 ET (07:00 GMT)

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