Wentworth Resources PLC Transaction in Own Shares (8492K)

TIDMWEN

RNS Number : 8492K

Wentworth Resources PLC

10 May 2022

FOR IMMEDIATE RELEASE

10 May 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:                                9 May 2022 
Aggregate number of ordinary shares purchased:       17,304 
Lowest price paid per share:                          21.50 
Highest price paid per share:                         21.50 
Volume weighted average price paid per share:         21.50

Following the share buyback the Company will have 177,182,567 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 3,597,910 of which 597,910 of these shares held are pending cancellation.

The figure of 177,182,567 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:  9 May 2022 
Investment firm:    Stifel Nicolaus Europe Limited

Individual transactions:

 
Transaction date   Number of shares  Transaction price   Trading venue 
     and time          purchased      (pence per share) 
   9 May 2022,          17,304             21.50              LSE 
    16:39 p.m. 
 
 
Enquiries:                      Katherine Roe,                 katherine.roe@wentplc.com 
  Wentworth Resources             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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May 10, 2022 03:42 ET (07:42 GMT)

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