Wentworth Resources Limited
Notification of Trade / Disclosure of Large Shareholding / 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 in total 389,430 Common shares of no par value in the Company ("Common Shares") on the dates, with the volumes and at the prices further detailed in the below table (together the "Transactions"). The Transactions were carried out on the Oslo Stock Exchange.
Following the Transactions, Mr. McBean has an interest in 9,494,815 Common Shares and votes in the Company, representing 5.09 per cent of the Company's issued share capital and votes. Mr. McBean's ownership passed 5 per cent of the Company's issued share capital and votes on 15 October 2018. In addition, Mr. McBean holds 1,900,000 share options in the Company per 16 October 2018.
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 |
| 2.0582 NOK | 174,665 | 12 October 2018 |
| 2.2392 NOK | 91,567 | 15 October 2018 |
| 2.3488 NOK | 123,198 | 16 October 2018 |
d) Aggregated information
- Aggregated volume: 389,430
- Price: 2.1927 NOK
e) Date of the transaction: 12 October 2018, 15 October and 16 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 | rpm@wentworthresources.com eskil.jersing@wentworthresources.com +44 7717 847623 katherine.roe@wentworthresources.com +44 7841 087 230 |
| Stifel Nicolaus Europe Limited | AIM Nominated Adviser and Broker (UK) Callum Stewart Ashton Clanfield | +44 (0) 20 7710 7600 |
| Peel Hunt LLP | Broker (UK) Richard Crichton Ross Allister | +44 (0) 20 7418 8900 |
| Vigo | Investor Relations Adviser (UK) Patrick d'Ancona Chris McMahon Kate Rogucheva | +44 (0) 20 7830 9700 |
