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Wentworth Resources Ltd (WRL)

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Thursday 18 October, 2018

Wentworth Resources Ltd

Wentworth Resources Limited : Notification of Trade / Director Dealings

Wentworth Resources Limited : Notification of Trade / Director Dealings

  
Wentworth Resources Limited

Notification of Trade / Director Dealings

Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas company, has been notified of the following transactions by a director of the Company:

Mr. Robert Phillip McBean, Executive Chairman of the Company, has acquired 110,570 Common shares of no par value in the Company ("Common Shares") at a price of 2.3617 NOK per Common Share. Following the acquisition, Mr. McBean has an interest in 9,605,385 Common Shares representing 5.15 per cent of the Company's issued share capital.  In addition, McBean holds 1,900,000 share options in the Company.

1. Details of the person discharging managerial responsibilities/ person closely associated

a)   Name: Robert Phillip McBean

2.   Reason for the notification

a)   Position/status: Executive Chairman

b)   Initial notification/Amendment: Initial Notification

3.   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

a)   Name: Wentworth Resources Limited

b)   LEI: 213800IW2LNKOYYG7412

4.   Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)   Description of the financial instrument, type of instrument: Common shares of no par value in Wentworth Resources Limited

Identification code: ISIN CA9506771042

b)   Nature of the transaction: Purchase of Common shares of no par value in Wentworth Resources Limited

c)   Price(s) and volume(s)

Price(s)Volumes(s)Date
 

2.3617 NOK
 

110,570
 

17 October 2018


d)   Aggregated information

  • Aggregated volume: 110,570
  • Price: 2.3617 NOK

e) Date of the transaction: 17 October 2018

f) Place of the transaction: OSL

-Ends-




Enquiries: 
Wentworth



Bob McBean,
Executive Chairman

 

Eskil Jersing,
Chief Executive Officer

 

Katherine Roe,
Chief Financial Officer



[email protected]



[email protected]
+44 7717 847623

 

[email protected]
+44 7841 087 230
    
Stifel Nicolaus Europe LimitedAIM Nominated Adviser and Broker (UK)
Callum Stewart
Ashton Clanfield
+44 (0) 20 7710 7600
     
Peel Hunt LLPBroker (UK)
Richard Crichton
Ross Allister

 
+44 (0) 20 7418 8900
VigoInvestor Relations Adviser (UK)
Patrick d'Ancona
Chris McMahon
Kate Rogucheva
+44 (0) 20 7830 9700

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.



This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wentworth Resources Limited via Globenewswire


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