Wentworth Announces Transaction in Own Shares

Source: www.gulfoilandgas.com 12/20/2021, Location: Africa

Wentworth Resources plc, the independent, Tanzania -focused natural gas production company, announces that, in accordance with the terms of its share buyback programme announced on 17 December 2021 , it has purchased 7,500,000 ordinary shares of no par value each in the capital of the Company (the "Shares") in the market at a volume weighted average price of 20.0 pence per Share, a discount of 4.8 per cent. to the closing mid market price per share on 17 December 2021 , through Stifel Nicolaus Europe Limited ("Stifel").

Katherine Roe , CEO, commented:
"We are pleased to have been able to make this opportunistic acquisition of the Company's shares. The acquisition is accretive to NAV, earnings and dividend per share and demonstrates our ongoing commitment to maximise returns to shareholders."


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