Transaction in Own Shares

RNS Number : 0565F

Wentworth Resources PLC

17 March 2022

 

FOR IMMEDIATE RELEASE

17 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:	16 March 2022
Aggregate number of ordinary shares purchased:	65,000
Lowest price paid per share:	21.00
Highest price paid per share:	21.05
Volume weighted average price paid per share:	21.02

Following the share buyback the Company will have 177,525,932 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 3,352,301 of which 352,301 of these shares held are pending cancellation.

The figure of 177,525,932 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:	16 March 2022
Investment firm:	Stifel Nicolaus Europe Limited

Individual transactions:

Transaction date and time	Number of shares purchased	Transaction price (pence per share)	Trading venue
16 March 2022, 14:53 a.m.	25,000	21.05	LSE
16 March 2022, 15:15 a.m.	40,000	21.00	LSE

Enquiries:  Wentworth Resources Katherine Roe, Chief Executive Officer   [e-mail] [phone]     Stifel Nicolaus Europe Limited   AIM Nominated Adviser 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] 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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