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TOWER RESOURCES PLC — Director's Dealing 2016
Nov 21, 2016
7980_dirs_2016-11-21_8d8ce940-ff95-41f2-9a4c-3b8fcd539ed9.pdf
Director's Dealing
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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 Africafocused 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 | or auction monitor | Details of the issuer, emission allowance market participant, auction platform, auctioneer |
| a) | Name | Wentworth Resources Limited | ||
|---|---|---|---|---|
| b) | LEI | 213800IW2LNKOYYG7412 | ||
| 4 | conducted | 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 |
||
| 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 - Price |
100,000 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 | or auction monitor | Details of the issuer, emission allowance market participant, auction platform, auctioneer | ||
| a) | Name | Wentworth Resources Limited | ||
| b) | LEI | 213800IW2LNKOYYG7412 | ||
| 4 | conducted | 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 |
||
| 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 - Price |
60,000 GBP 0.21 |
| e) | Date of the transaction |
18 November 2016 |
|---|---|---|
| f) | Place of the transaction |
AIM |
| Enquiries: | ||
|---|---|---|
| Wentworth | Geoffrey Bury Managing Director |
[email protected] +403 993 4450 |
| Lance Mierendorf, Chief Financial Officer |
[email protected] +403 680 8773 |
|
| Katherine Roe Vice President Corporate Development & Investor Relations |
[email protected] +44 7841 087 230 |
|
| Swedbank First Securities | Broker (Norway) Ove Gusevik Jarand Lønne |
+47 23 23 80 00 |
| Crux Advisers | Investor Relations Adviser (Norway) Jan Petter Stiff Carl Bachke |
+47 909 808 48 |
| Stifel Nicolaus Europe Limited |
AIM Nominated Adviser and Broker (UK) Callum Stewart Ashton Clanfield |
+44 (0) 20 7710 7600 |
| FirstEnergy Capital | Broker (UK) Hugh Sanderson |
+44 (0) 20 7448 0200 |
| FTI Consulting | Investor Relations Adviser (UK) Edward Westropp |
[email protected] +44 (0) 20 3727 1000 |
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.