21 November
2016
Wentworth
Resources Limited
("Wentworth" or
the "Company")
Notification of
Trade / Director Dealings
Wentworth, the Oslo Stock Exchange
(OSE: WRL) and AIM (AIM: WRL) listed independent, East
Africa-focused oil & gas company, was notified on the 18
November, 2016 of the following transactions by directors of the
Company:
On 18 November, 2016 Mr. Geoffrey
Bury, Managing Director of the Company, acquired 100,000 ordinary
shares of no par value in the Company ("Ordinary Shares") at a
price of NOK 2.15 per Ordinary Share. Following the acquisition,
Mr. Bury has an interest in 400,000 Ordinary Shares representing
0.24 per cent. of the Company's issued share capital. Mr. Bury also
holds 1,900,000 share options in the Company.
On November 18, 2016, Mr. Lance
Mierendorf, Chief Financial Officer, acquired 60,000 ordinary
shares of no par value each in the Company ("Ordinary Shares") at a
price of GBP 0.21 per Ordinary Share. Following the acquisition,
Mr. Mierendorf has an interest in 110,000 Ordinary Shares
representing 0.06 per cent. of the Company's issued share capital.
Mr. Mierendorf also holds 1,300,000 share options in the
Company.
The notification set out below is provided in
accordance with the requirements of the EU Market Abuse
Regulation.
1 Details of PDMR/person closely associated with them
('PCA')
a) Name - Geoffrey Bury
2 Reason for
the notification
a) Position/status - PDMR-Managing
Director
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 - Ordinary shares of no par value
Identification code - CA9506771042
b) Nature of the transaction - Market
purchase of ordinary shares
c) Price(s) and volume(s)
Price(s)
|
Volume(s) |
NOK 2.15 |
100,000 |
d) Aggregated information
- Aggregated volume - 100,00
- Price - NOK 2.15
e) Date of the transaction - 18 November
2016
f) Place of the transaction - XOSL
1 Details of PDMR/person closely
associated with them ('PCA')
a) Name - Lance Mierendorf
2 Reason for
the notification
a) Position/status - PDMR-Chief
Financial Officer
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 - Ordinary shares of no par value
Identification code - CA9506771042
b) Nature of the transaction - Market
purchase of ordinary shares
c) Price(s) and volume(s)
Price(s)
|
Volume(s) |
GBP 0.21 |
60,000 |
d) Aggregated information
- Aggregated volume - 60,000
- Price - GBP 0.21
e) Date of the transaction - 18 November
2016
f) Place of the transaction - AIM
Enquiries: |
|
|
Wentworth |
Geoffrey Bury
Managing Director
|
gpb@wentworthresources.com
+403 993 4450 |
Lance
Mierendorf,
Chief Financial Officer
|
lance.mierendorf@wentworthresources.com
+403 680 8773 |
|
Katherine Roe
Vice President Corporate Development & Investor
Relations
|
katherine.roe@wentworthresources.com
+44 7841 087 230 |
Swedbank First Securities |
Broker (Norway) |
+47 23
23 80 00 |
|
Ove
Gusevik |
|
|
Jarand
Lønne
|
|
Crux Advisers |
Investor Relations Adviser
(Norway) |
+47 909 808 48 |
|
Jan
Petter Stiff |
|
|
Carl
Bachke
|
|
Stifel Nicolaus Europe Limited |
AIM Nominated Adviser and Broker (UK) |
+44 (0)
20 7710 7600 |
|
Callum
Stewart |
|
|
Ashton
Clanfield
|
|
FirstEnergy Capital |
Broker (UK) |
+44 (0)
20 7448 0200 |
|
Hugh
Sanderson
|
|
FTI Consulting |
Investor Relations Adviser (UK) |
wentworth@fticonsulting.com
+44 (0) 20 3727 1000 |
|
Edward
Westropp |
|
This information is subject of the
disclosure requirements pursuant to section 5-12 of the Norwegian
Securities Trading Act.
161121 Notification of Trade -
Director Dealings
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions 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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