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TOWER RESOURCES PLC — Delisting Announcement 2019
Feb 6, 2019
7980_rns_2019-02-06_1bd34042-5041-46b9-b71f-7bfc7bd16c5a.html
Delisting Announcement
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Wentworth Resources Plc : Upcoming delisting from the Oslo Stock Exchange
Wentworth Resources Plc : Upcoming delisting from the Oslo Stock Exchange
PRESS RELEASE 6 February 2019
WENTWORTH RESOURCES PLC
("Wentworth" or the "Company")
Upcoming 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 refers to the announcement
published on 30 November 2018 regarding the delisting of the Company's shares
(in the form of registered beneficial interests (deposit rights)) (the
"Securities") from the Oslo Stock Exchange.
The Company is today reminding shareholders of the upcoming delisting of the
Securities from the Oslo Stock Exchange. The final trading day for the
Securities on the Oslo Stock Exchange is 13 February 2019 and the Securities
will, from 14 February 2019, no longer be tradeable on the Oslo Stock Exchange.
The Company will continue to be listed on AIM.
The Company refers to the information letter published on 30 November 2018 for
further information regarding the continued registration of the Securities in
the Norwegian Central Securities Depository (the VPS) following the delisting
from the Oslo Stock Exchange and the process for transfer of Securities to the
UK settlement system CREST.
The information letter is available on the Company's website,
https://wentplc.com/investors/documents/.
-Ends-
Enquiries: Eskil Jersing, [email protected]
Wentworth Chief Executive Officer +44 (0)118 2065427
Katherine Roe, [email protected]
Chief Financial Officer +44 (0)118 2065428
Stifel Nicolaus Europe AIM Nominated Adviser +44 (0) 20 7710 7600
Limited and Broker
Callum Stewart
Ashton Clanfield
Simon Mensley
Peel Hunt LLP Broker +44 (0) 20 7418 8900
Richard Crichton
Ross Allister
Vigo Investor Relations +44 (0) 20 7830 9700
Adviser
Patrick d'Ancona
Chris McMahon
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.