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TOWER RESOURCES PLC — Director's Dealing 2016
Nov 21, 2016
7980_dirs_2016-11-21_2028ec7b-d04e-4ecf-b935-0623fabdb491.html
Director's Dealing
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Wentworth Resources Limited : Director/PDMR Shareholding
Wentworth Resources Limited : Director/PDMR Shareholding
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 [email protected]
Managing Director +403 993 4450
Lance Mierendorf, [email protected]
Chief Financial +403 680 8773
Officer
Katherine Roe [email protected]
Vice President +44 7841 087 230
Corporate
Development &
Investor Relations
Swedbank First Broker (Norway) +47 23 23 80 00
Securities
Ove Gusevik
Jarand Lønne
Crux Advisers Investor Relations +47 909 808 48
Adviser
(Norway)
Jan Petter Stiff
Carl Bachke
Stifel Nicolaus AIM Nominated +44 (0) 20 7710 7600
Europe Limited Adviser and Broker
(UK)
Callum Stewart
Ashton Clanfield
FirstEnergy Capital Broker (UK) +44 (0) 20 7448 0200
Hugh Sanderson
FTI Consulting Investor Relations [email protected]
Adviser (UK) +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.