Appointment of Independent Non-Executive Director

RNS Number : 8869F

Wentworth Resources PLC

21 July 2021

 

21 July 2021

WENTWORTH RESOURCES PLC
("Wentworth" or the "Company")

Appointment of Independent Non-Executive Director

Wentworth (AIM: WEN), the independent, Tanzania-focused natural gas production company , is pleased to announce the appointment of Ms. Juliet Rugeiyamu Kairuki as an Independent Non-Executive Director , with immediate effect.

Ms. Kairuki is a qualified lawyer, having completed her Bachelor of Law at the University of Dar es Salaam and Masters of Law degree at the University of Cape Town. Ms. Kairuki brings extensive public and private sector experience in Tanzania and Sub-Saharan Africa throughout her time at The Banking Association South Africa and Tanzania Investment Centre as well as various consulting roles for Finsys, Tanzania Bankers Association and the Central Bank of Seychelles, amongst others. Ms. Kairuki is a member of the Institute of Directors in South Africa. She recently served as Non-Executive Director on the Board of Dar es Salaam Corridor Group.

With over fifteen years of experience in strategic leadership, institutional development, governance, project execution and stakeholder management, Ms Kairuki's practice ranges from banking, financial market infrastructure, public private partnerships and investment.

Katherine Roe, CEO, commented:

"We are delighted to welcome Juliet to the Wentworth Board. With an impressive track record in the public and private sector in Tanzania and elsewhere in Africa, her regional expertise on strategy, regulation and financing will bring further depth and expertise as we continue to show our ongoing commitment to and investment in Tanzania. It's an exciting time for the country as it looks to accelerate its growth following the global pandemic. We are committed to being a critical part of its story."

Juliet Kairuki, incoming Independent Non-Executive Director, commented:

"Working with companies that play a positive and impactful role on African lives and livelihoods has always inspired me in my professional career. I am excited to work with Wentworth as the Company empowers people with energy and creates shared value to improve the lives of Tanzanian citizens, including women and youth. Through a focus on long-term sustainable growth, responsible environmental performance and good governance, I look forward to working closely with my fellow Board members to grow the business. Together we will work to empower local communities to thrive while ensuring adherence to Tanzanian legislation and maintaining strong corporate governance principles."

Ends

Enquiries:  Wentworth Resources Katherine Roe, Chief Executive Officer   [e-mail] [phone]     Stifel Nicolaus Europe Limited   AIM Nominated Advisor and Joint Broker  Callum Stewart Ashton Clanfield Simon Mensley   [phone]   Peel Hunt LLP   Joint Broker  Richard Crichton Alexander Allen   [phone]   FTI Consulting   Communications Advisor  Sara Powell  Ben Brewerton   [phone]   Juliet Rugeiyamu Kairuki Juliet Rugeiyamu Kairuki (previous names: Juliet Kokutensa Rugeiyamu, Juliet Rugeiyamu, Juliet Kokutensa Kairuki, Juliet Kairuki), aged 46, has held the following directorships and/or partnerships in the past five years: Current Directorships/Partnerships Previous Directorships/Partnerships Finsys Limited Dar es Salaam Corridor Group KMMJ Trading CC Tensa Capital Limited Save for the above, there is no further information required to be disclosed under paragraph (g) of Schedule Two of the AIM Rules for Companies, with respect to the appointment of Ms Juliet Kairuki. 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. The power demand base in-country is growing and with an ambitious universal energy access target set by the Government for 2030, Wentworth has a vital role to play in increasing access by ensuring a reliable, affordable and growing supply of natural gas into the local market. In 2019, Wentworth launched its sustainable dividend policy and remains committed to responsible growth that maintains returns for shareholders.

Inside Information

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No. 596/2014 on Market Abuse ("UK MAR"), as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, and Regulation (EU) No. 596/2014 on Market Abuse ("EU MAR").

 

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