Wentworth Resources PLC Dividend update for VPS shareholders (7679B)
12 Octubre 2020 - 3:44AM
UK Regulatory
TIDMWEN
RNS Number : 7679B
Wentworth Resources PLC
12 October 2020
PRESS RELEASE 12 October 2020
WENTWORTH RESOURCES PLC
("Wentworth" or the "Company")
Dividend update for VPS shareholders
Wentworth (AIM: WEN), the AIM listed independent,
Tanzania-focused natural gas production company is pleased to
confirm that as per the Company's original RNS announcement dated 3
September 2020 shareholders on the VPS register will be paid the
dividend on 23 October 2020 (the "VPS Payment Date").
The exchange rate, which was determined on the UK payment date,
was GBP 1.00 : NOK 11.8394 and therefore the NOK sum per VPS share
which will be paid to VPS Shareholders on the VPS Payment Date will
be NOK 0.05683 per VPS share.
- Ends -
Enquiries: Katherine Roe, katherine.roe@wentplc.com
Chief Executive Officer +44 (0) 7841 087 230
Wentworth
AIM Nominated Adviser and Joint Broker
Callum Stewart
Ashton Clanfield
Stifel Nicolaus Europe Limited Simon Mensley +44 (0) 20 7710 7600
Joint Broker
Richard Crichton
Peel Hunt LLP Alexander Allen +44 (0) 20 7418 8900
Investor Relations Adviser
Sara Powell
FTI Ben Brewerton +44 (0) 20 3727 1000
About Wentworth
Wentworth Resources plc (AIM-listed: 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.
The power demand base in-country is growing and with an
ambitious universal energy access target set by the Government for
2030, Wentworth has a vital role to play in increasing access by
ensuring a reliable, affordable and growing supply of natural gas
into the local market.
In 2019, Wentworth launched its dividend policy and remains
committed to responsible growth that maintains returns for
shareholders.
Inside Information
This announcement does not contain inside information.
Cautionary note regarding forward-looking statements
This press release may contain certain forward-looking
information. The words "expect", "anticipate", believe",
"estimate", "may", "will", "should", "intend", "forecast", "plan",
and similar expressions are used to identify forward looking
information.
The forward-looking statements contained in this press release
are based on management's beliefs, estimates and opinions on the
date the statements are made in light of management's experience,
current conditions and expected future development in the areas in
which Wentworth is currently active and other factors management
believes are appropriate in the circumstances. Wentworth undertakes
no obligation to update publicly or revise any forward-looking
statements or information, whether as a result of new information,
future events or otherwise, unless required by applicable law.
Readers are cautioned not to place undue reliance on
forward-looking information. By their nature, forward-looking
statements are subject to numerous assumptions, risks and
uncertainties that contribute to the possibility that the predicted
outcome will not occur, including some of which are beyond
Wentworth's control. These assumptions and risks include, but are
not limited to: the risks associated with the oil and gas industry
in general such as operational risks in exploration, development
and production, delays or changes in plans with respect to
exploration or development projects or capital expenditures, the
imprecision of resource and reserve estimates, assumptions
regarding the timing and costs relating to production and
development as well as the availability and price of labour and
equipment, volatility of and assumptions regarding commodity prices
and exchange rates, marketing and transportation risks,
environmental risks, competition, the ability to access sufficient
capital from internal and external sources and changes in
applicable law. Additionally, there are economic, political, social
and other risks inherent in carrying on business in Tanzania. There
can be no assurance that forward-looking statements will prove to
be accurate as actual results and future events could vary or
differ materially from those anticipated in such statements.
The payment of any dividend is subject to compliance with
applicable laws and regulations, including the laws of Jersey and
the Company's Articles of Association. The Board will continually
review the dividend policy from time to time and there can be no
assurance that dividends will be paid in any particular amount for
any given period.
-Ends-
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END
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