ECORA RESOURCES PLC

Transaction in Own Shares • Dec 20, 2021

National Storage Mechanism | Additional information

RNS Number : 1123W

Wentworth Resources PLC

20 December 2021

20 December 2021

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 7,500,000 ordinary shares of no par value each in the capital of the Company (the "Shares") in the market at a volume weighted average price of 20.0 pence per Share, a discount of 4.8 per cent. to the closing mid market price per share on 17 December 2021, through Stifel Nicolaus Europe Limited ("Stifel").

Katherine Roe, CEO, commented:

"We are pleased to have been able to make this opportunistic acquisition of the Company's shares. The acquisition is accretive to NAV, earnings and dividend per share and demonstrates our ongoing commitment to maximise returns to shareholders."

Date of purchase:	17 December 2021
Aggregate number of ordinary shares purchased:	7,500,000
Lowest price paid per share:	20.0 pence
Highest price paid per share:	20.0 pence
Volume weighted average price paid per share:	20.0 pence

3,000,000 of the Shares acquired will be held in treasury to satisfy upcoming obligations in respect of an employee share plan. 4,500,000 of the Shares will be held in treasury, pending cancellation.

Following the share buyback the Company will have 178,049,139 ordinary shares of no par value each in issue and 7,500,000 ordinary shares in treasury. The figure of 178,049,139 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:	17 December 2021
Investment firm:	Stifel Nicolaus Europe Limited

Individual transactions:

Number of shares purchased	Transaction price (pence per share)	Time of transaction	Trading venue
7,500,000	20.0	16:38:45	London Stock Exchange

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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