Wentworth Resources PLC Dividend update for VPS shareholders (8884P)

TIDMWEN

RNS Number : 8884P

Wentworth Resources PLC

15 June 2020

PRESS RELEASE 15 June 2020

WENTWORTH RESOURCES PLC

("Wentworth" or the "Company")

Dividend update for VPS shareholders

Wentworth Resources (AIM: WEN), the independent, East Africa-focused natural gas company, is pleased to confirm that as announced on 24 April 2020 shareholders on the Norwegian VPS register will be paid the full year 2019 dividend on 26 June 2020 (the "VPS Payment Date").

The exchange rate, which was determined on the UK payment date, was GBP 1.00 : NOK 12.08 and therefore the sum of NOK 0.10872 per VPS share will be paid to VPS Shareholders on the VPS Payment Date.

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Enquiries:                          Katherine Roe,                             [e-mail] 
                                     Chief Executive Officer                    [phone] 
 Wentworth Resources 
 
                                     AIM Nominated Adviser and Joint Broker 
                                     Callum Stewart 
                                     Ashton Clanfield 
  Stifel Nicolaus Europe Limited     Simon Mensley                              [phone] 
 
 
                                     Joint Broker 
                                     Richard Crichton 
  Peel Hunt LLP                      Alexander Allen                            [phone] 
 
 
                                     Investor Relations Adviser 
                                     Sara Powell 
  FTI Consulting                     Ben Brewerton                              [phone] 
 

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

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.

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June 15, 2020 02:00 ET (06:00 GMT)