Wentworth Resources PLC Result of 2022 Annual General Meeting (8534P)
22 Juin 2022 - 5:15PM
UK Regulatory
TIDMWEN
RNS Number : 8534P
Wentworth Resources PLC
22 June 2022
PRESS RELEASE 22 June 2022
WENTWORTH RESOURCES PLC
("Wentworth" or the "Company")
Result of 2022 Annual General Meeting
Wentworth (AIM: WEN), the independent, Tanzania-focused natural
gas production company, advises that at its Annual General Meeting
("AGM"), held today, all resolutions were passed.
The results of the poll conducted at the meeting were as
follows:
For Against Withheld
No. of % of No. of % of
shares votes shares votes
----------- ------- ----------- ------- ----------
Ordinary Resolutions
To receive the Company's
Annual Report and
1 accounts 2021 44,971,168 100 0 0 38,624
------------------------------- ----------- ------- ----------- ------- ----------
To declare the final
dividend for the year
31 December 2021 of
1.16 pence (GBP GBP0.0116)
2 per ordinary share. 42,389,392 94.2 2,620,400 5.8 0
------------------------------- ----------- ------- ----------- ------- ----------
To receive the director's
remuneration report
as set out in the
financial statements
3. and accounts. 27,927,257 62.1 17,046,035 37.9 36,500
------------------------------- ----------- ------- ----------- ------- ----------
To re-appoint Juliet
Kairuki as a director
4. of the Company 44,930,184 99.9 30,484 0.1 49,124
------------------------------- ----------- ------- ----------- ------- ----------
To re-appoint Iain
McLaren as a director
5. of the Company 42,310,268 94.1 2,650,400 5.9 49,124
------------------------------- ----------- ------- ----------- ------- ----------
To re-appoint KPMG
as auditors of the
6. Company 44,958,714 99.9 14,578 0.1 36,500
------------------------------- ----------- ------- ----------- ------- ----------
To authorise the Directors
to determine the remuneration
7. of the auditors 42,338,314 99.9 1,954 0.1 2,669,524
------------------------------- ----------- ------- ----------- ------- ----------
To authorise the Directors
8. to allot shares 40,995,456 91.2 3,965,212 8.8 49,124
------------------------------- ----------- ------- ----------- ------- ----------
Special Resolutions
To disapply pre-emption
rights in respect
of the allotment of
9. shares 42,033,816 93.5 2,926,852 6.5 49,124
------------------------------- ----------- ------- ----------- ------- ----------
To authorise the Company
to make market purchases
10. of its own shares 44,999,792 99.9 10,000 0.1 0
------------------------------- ----------- ------- ----------- ------- ----------
Resolution 3, the advisory vote on the Director's Remuneration
Report, was passed with a majority of 62.1% shareholder support,
based on a turnout of 25.4%. While pleased the resolution was
passed, the Board notes the result of this resolution and the
significant vote against it. Over the past number of years and in
the lead up to the AGM, we have engaged with shareholders to
understand their voting intentions and reasons for voting in this
way. The primary driver of the vote against related to the absence
of a post vesting shareholding period for the LTIP awards.
The votes cast against this resolution are from a single
shareholder that has a longstanding policy on holding periods.
Given that Wentworth is a smaller AIM-listed company, it is the
view of the Remuneration Committee that the current remuneration
arrangements balance adherence to good practice and the business'
ability to attract and retain talent. As Wentworth continues to
grow and develop its corporate governance structure, the
Remuneration Committee will continue to consistently evaluate all
aspects of its approach to remuneration to ensure it continues to
promote the long-term success of the business.
Enquiries: Katherine Roe, katherine.roe@wentplc.com
Wentworth Resources Chief Executive Officer +44 (0) 7841 087 230
AIM Nominated Advisor and Joint Broker
Callum Stewart
Ashton Clanfield
Stifel Nicolaus Europe 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
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
This announcement does not contain inside information.
-Ends-
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
RAGBUGDLGBDDGDD
(END) Dow Jones Newswires
June 22, 2022 11:15 ET (15:15 GMT)
Wentworth Resources (LSE:WEN)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Wentworth Resources (LSE:WEN)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024
