Transaction in Own Shares

RNS Number : 1051E
Wentworth Resources PLC
09 March 2022
 

FOR IMMEDIATE RELEASE

9 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:

8 March 2022

Aggregate number of ordinary shares purchased:

45,196

Lowest price paid per share:

21.02

Highest price paid per share:

21.11

Volume weighted average price paid per share:

21.09

 

 

Following the share buyback the Company will have 177,733,321 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 3,290,818 of which 290,818 of these shares held are pending cancellation.

 

The figure of 177,733,321 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:

8 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

8 March 2022,

08:30 a.m.

 

34,321

21.11

LSE

8 March 2022,

10:16 a.m.

 

10,875

21.02

LSE

 

Enquiries: 

Wentworth Resources

 

Katherine Roe,
Chief Executive Officer
 

 

katherine.roe@wentplc.com
+44 (0) 7841 087 230
 

 
Stifel Nicolaus Europe Limited

 
AIM Nominated Adviser and Joint Broker 
Callum Stewart
Ashton Clanfield
Simon Mensley

 
+44 (0) 20 7710 7600

 

Peel Hunt LLP

 

Joint Broker 
Richard Crichton
Alexander Allen

 

+44 (0) 20 7418 8900

 
FTI Consulting

 
Communications Advisor 
Sara Powell
Ben Brewerton 

 

 

+44 (0) 20 3727 1000

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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