Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

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

Open in viewer

Opens in your device viewer

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]