Source - LSE Regulatory
RNS Number : 6831Q
Wentworth Resources PLC
29 June 2022
 

                29 June 2022

WENTWORTH RESOURCES PLC
("Wentworth" or the "Company")

Update on Proposed Acquisition

Wentworth (AIM: WEN), the independent, Tanzania-focused natural gas production company, is pleased to provide an update on its agreement with Scirocco Energy plc ("Scirocco") to acquire its 25% non-operated working interest in the Ruvuma Production Sharing Agreement ("Ruvuma Asset"), in Tanzania (the "Transaction").

Wentworth notes the announcement from Scirocco that the proposed Transaction received the requisite majority approval from shareholders at Scirocco's General Meeting, held today.

The Transaction remains subject to certain regulatory approvals plus the non-exercise or waiving of pre-emption rights by the other Ruvuma Asset JOA partners. Wentworth will continue to update the market accordingly.

Ends

Enquiries: 

Wentworth Resources

 

Katherine Roe,
Chief Executive Officer
 

 

katherine.roe@wentplc.com
+44 (0) 7841 087 230
 

 
Stifel Nicolaus Europe Limited

 
AIM Nominated Adviser and Joint Broker 
Callum Stewart
Ashton Clanfield
Simon Mensley

 
+44 (0) 20 7710 7600

 

Peel Hunt LLP

 

Joint Broker 
Richard Crichton
Alexander Allen

 

+44 (0) 20 7418 8900

 
FTI Consulting

 
Communications Advisor 
Sara Powell
Ben Brewerton

Ollie Mills                               

 

 

wentworth@fticonsulting.com
+44 (0) 20 3727 1000

 

About Wentworth Resources

Wentworth Resources plc (AIM: WEN) is a leading, domestic natural gas producer in Tanzania with a core producing asset at Mnazi Bay in the onshore Rovuma Basin in Southern Tanzania.


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.

 

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