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Wentworth Resources Ltd (WRL)

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Thursday 01 November, 2018

Wentworth Resources Ltd

Wentworth Resources Plc : New number of shares - Total Voting Rights

Wentworth Resources Plc : New number of shares - Total Voting Rights


1 November 2018

This announcement replaces the announcement released at 5.54pm on 26 October 2018, 'New number of shares - Total Voting Rights', correcting the issued share capital of the Company. There is no change to previously disclosed Total Voting Rights.

("Wentworth" or the "Company")

New number of shares - Total Voting Rights  

Reference is made to the primary insider notification by Wentworth, the Oslo Stock Exchange (OSE: WEN) and AIM (AIM: WEN) listed independent, East Africa-focused oil & gas company, on 2 October 2018 regarding shareholders who had exercised their right to dissent to the re-domicile of Wentworth from Alberta, Canada to Jersey, Channel Islands.

Based on a final counting of the number of shareholders having exercised their right of dissent and the number of shares held by them as of 1 October 2018, the Company is required to acquire 2,329,326 shares of the Company, representing 1.25% of the issued and outstanding shares of the Company, from the dissenting shareholders.

The 2,329,326 shares were deemed to have transferred to the Company on 26 October 2018 for cancellation. The Company will issue a new announcement once said shares have been cancelled.

Total Voting Rights

For the purposes of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Board of the Company hereby notifies the market that as at the date of this announcement the Company's issued share capital consists of 186,488,465 issued Ordinary Shares of no par value, all of which are in the same share class ("Ordinary Shares"). The Company does not hold any Ordinary Shares in treasury. As detailed in the 21 August 2018 Management Information Circular, following the deemed transfer on 26 October 2018 the dissenting shareholders no longer hold any voting rights in the Company and, therefore, the total number of Ordinary Shares in the Company with voting rights is 184,159,139. This figure may be used by shareholders in the Company as denominator for the calculations by which they may determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.


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 Limited

AIM Nominated Adviser and Broker (UK)
Callum Stewart
Ashton Clanfield
Simon Mensley

+44 (0) 20 7710 7600

Peel Hunt LLP

Broker (UK)
Richard Crichton
Ross Allister

+44 (0) 20 7418 8900


Investor Relations Adviser (UK)
Patrick d'Ancona
Chris McMahon
Kate Rogucheva

+44 (0) 20 7930 0230

About Wentworth Resources

Wentworth Resources is a publicly traded (OSE: WEN, AIM: WEN), independent oil & gas company with natural gas production; exploration and appraisal opportunities, all in the Rovuma Delta Basin of coastal southern Tanzania and northern Mozambique.

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"). On the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

Cautionary note regarding forward-looking statements

This press release may contain certain forward-looking information. The words "expect", "anticipate", believe", "estimate", "may", "will", "should", "intend", "forecast", "plan", and similar expressions are used to identify forward looking information.

The forward-looking statements contained in this press release are based on management's beliefs, estimates and opinions on the date the statements are made in light of management's experience, current conditions and expected future development in the areas in which Wentworth is currently active and other factors management believes are appropriate in the circumstances. Wentworth undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless required by applicable law.

Readers are cautioned not to place undue reliance on forward-looking information. By their nature, forward-looking statements are subject to numerous assumptions, risks and uncertainties that contribute to the possibility that the predicted outcome will not occur, including some of which are beyond Wentworth's control. These assumptions and risks include, but are not limited to: the risks associated with the oil and gas industry in general such as operational risks in exploration, development and production, delays or changes in plans with respect to exploration or development projects or capital expenditures, the imprecision of resource and reserve estimates, assumptions regarding the timing and costs relating to production and development as well as the availability and price of labour and equipment, volatility of and assumptions regarding commodity prices and exchange rates, marketing and transportation risks, environmental risks, competition, the ability to access sufficient capital from internal and external sources and changes in applicable law. Additionally, there are economic, political, social and other risks inherent in carrying on business in Tanzania and Mozambique. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such statements. See Wentworth's Management's Discussion and Analysis for the year ended December 31, 2017, available on Wentworth's website, for further description of the risks and uncertainties associated with Wentworth's business.


Neither the Oslo Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed this press release and neither accepts responsibility for the adequacy or accuracy of this press release.

This information is subject of 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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