Result of 2023 Annual General Meeting

Wentworth Resources PLC

15 December 2023

 

PRESS RELEASE                                                                                                                                    15 December 2023

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

Result of 2023 Annual General Meeting

Wentworth (AIM: WEN), the independent, Tanzania-focused natural gas production company, advises that at its Annual General Meeting ("AGM"), held earlier today, the results of the poll conducted at the meeting were as follows:

		For		Against		Withheld
		No. of shares	% of votes	No. of shares	% of votes
Ordinary Resolutions
1	To receive the Company's Annual Report and accounts 2022	78,248,098	99.54	363,654	0.46	74,791
2	To receive the director's remuneration report as set out in the financial statements and accounts.	33,805,556	42.96	44,880,987	57.04	0
3.	To re-appoint Katherine Roe as a director of the Company	52,615,023	66.93	25,994,030	33.07	77,490
4.	To re-appoint KPMG as auditors of the Company	75,627,698	96.18	3,006,698	3.82	52,147
5.	To authorise the Directors to determine the remuneration of the auditors	76,500,972	97.30	2,122,395	2.70	63,176
6.	To authorise the Directors to allot shares	53,320,429	67.82	25,302,938	32.18	63,176
Special Resolutions
7.	To disapply pre-emption rights in respect of the allotment of shares	53,317,429	67.82	25,293,771	32.18	75,343
8.	To authorise the Company to make market purchases of its own shares	72,289,342	91.87	6,397,201	8.13	0

The Board notes that in respect of a number of resolutions more than 20 per cent. of votes cast were against the resolution.  Should the proposed acquisition of Wentworth by Etablissements Maurel et Prom S.A. not proceed the Board will engage with major shareholders to understand their concerns and take steps in the future to address those concerns.  The Board will update shareholders accordingly. 

Enquiries:  Wentworth Resources	Katherine Roe, Chief Executive Officer	[e-mail] [phone]
Stifel Nicolaus Europe Limited	AIM Nominated Advisor and Joint Broker  Callum Stewart Simon Mensley	[phone]
Peel Hunt LLP	Joint Broker  Richard Crichton Georgia Langoulant	[phone]
FTI Consulting	Communications Advisor  Sara Powell     Ben Brewerton Ollie Mills	[phone] [e-mail]

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.

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