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TOWER RESOURCES PLC — Delisting Announcement 2018
Nov 14, 2018
7980_rns_2018-11-14_373cd888-3299-4ae1-bd2b-209eb3aafc23.html
Delisting Announcement
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Wentworth Resources Plc : Delisting from the Oslo Stock Exchange
Wentworth Resources Plc : Delisting from the Oslo Stock Exchange
PRESS RELEASE
14 November 2018
WENTWORTH RESOURCES PLC
("Wentworth" or the "Company")
Delisting from the Oslo Stock Exchange
Wentworth, the Oslo Stock Exchange (OSE: WEN) and AIM (AIM: WEN) listed
independent, East Africa-focused oil & gas company: Reference is made to the
announcement by the Oslo Stock Exchange published today 14 November 2018
regarding the resolution to delist the Company's shares (in the form of
registered beneficial interests (deposit rights)) (the "Securities") from the
Oslo Stock Exchange.
Following the Company's application for delisting in October 2018, Wentworth is
pleased to announce that the Oslo Stock Exchange has resolved to delist the
Securities from the Oslo Stock Exchange. As set out in the announcement by the
Oslo Stock Exchange earlier today, the Securities will be delisted from the Oslo
Stock Exchange from 14 February 2019. The last day of listing will be 13
February 2019.
The Company will in due course publish further information about the delisting
relevant for shareholders of the Company whose Securities are registered in the
Norwegian Central Securities Depository and traded on the Oslo Stock Exchange.
The Company's shares will continue to be listed on AIM.
-Ends-
Enquiries: Bob McBean, [email protected]
Wentworth Executive Chairman
Eskil Jersing,
Chief Executive [email protected]
Officer +44 7717 847623
Katherine Roe, [email protected]
Chief Financial +44 7841 087 230
Officer
Stifel Nicolaus AIM Nominated +44 (0) 20 7710 7600
Europe Limited Adviser and Broker
(UK)
Callum Stewart
Ashton Clanfield
Simon Mensley
Peel Hunt LLP Broker (UK) +44 (0) 20 7418 8900
Richard Crichton
Ross Allister
Vigo Investor Relations +44 (0) 20 7830 9700
Adviser (UK)
Patrick d'Ancona
Chris McMahon
Kate Rogucheva
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.
Notice
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.