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TOWER RESOURCES PLC — Share Issue/Capital Change 2015
Jun 26, 2015
7980_dirs_2015-06-26_f864897b-a8a5-4fdf-8c5f-d3c741828654.html
Share Issue/Capital Change
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Wentworth Resources Limited : Notification of Trade
Wentworth Resources Limited : Notification of Trade
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN
WHICH SUCH DISTRIBUTION WOULD BE UNLAWFUL.
Reference is made to today's stock exchange announcement regarding the private
placement of shares in Wentworth Resources Limited ("Wentworth" or the
"Company") raising gross proceeds of USD 7.6 million (GBP 4.9 million, NOK 59.7
million) through the issue of 15,412,269 new shares with institutional investors
and certain Directors and members of the Executive Management at a price of
31.5 pence per share (approximately NOK 3.9).
The following primary insiders of the Company participated in the private
placement with the amounts set forth below:
Director Existing Number of Shareholding % of enlarged
shareholding Placement immediately issued share
Shares following capital upon
subscribed Admission Admission
Robert McBean 8,903,637 201,748 9,105,385 5.37%
Neil Kelly 912,815 163,458 1,076,273 0.63%
Management
Geoffrey Bury 200,000 100,000 300,000 0.18%
Lance - 50,000 50,000 0.03%
Mierendorf
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
[HUG#1932150]