Wentworth Resources PLC Result of 2023 Annual General Meeting (0265X)

TIDMWEN

RNS Number : 0265X

Wentworth Resources PLC

15 December 2023

PRESS RELEASE 15 December 2023

WENTWORTH RESOURCES PLC

("Wentworth" or the "Company")

Result of 2023 Annual General Meeting

Wentworth (AIM: WEN), the independent, Tanzania-focused natural gas production company, advises that at its Annual General Meeting ("AGM"), held earlier today, the results of the poll conducted at the meeting were as follows:

 
                                       For                   Against               Withheld 
                                       No. of       % of     No. of       % of 
                                        shares       votes    shares       votes 
                                      -----------  -------  -----------  -------  --------- 
 Ordinary Resolutions 
      To receive the Company's 
       Annual Report and 
 1     accounts 2022                   78,248,098    99.54      363,654     0.46     74,791 
     -------------------------------  -----------  -------  -----------  -------  --------- 
      To receive the director's 
       remuneration report 
       as set out in the 
       financial statements 
 2     and accounts.                   33,805,556    42.96   44,880,987    57.04          0 
     -------------------------------  -----------  -------  -----------  -------  --------- 
      To re-appoint Katherine 
       Roe as a director 
 3.    of the Company                  52,615,023    66.93   25,994,030    33.07     77,490 
     -------------------------------  -----------  -------  -----------  -------  --------- 
      To re-appoint KPMG 
       as auditors of the 
 4.    Company                         75,627,698    96.18    3,006,698     3.82     52,147 
     -------------------------------  -----------  -------  -----------  -------  --------- 
      To authorise the Directors 
       to determine the remuneration 
 5.    of the auditors                 76,500,972    97.30    2,122,395     2.70     63,176 
     -------------------------------  -----------  -------  -----------  -------  --------- 
      To authorise the Directors 
 6.    to allot shares                 53,320,429    67.82   25,302,938    32.18     63,176 
     -------------------------------  -----------  -------  -----------  -------  --------- 
 Special Resolutions 
      To disapply pre-emption 
       rights in respect 
       of the allotment of 
 7.    shares                          53,317,429    67.82   25,293,771    32.18     75,343 
     -------------------------------  -----------  -------  -----------  -------  --------- 
      To authorise the Company 
       to make market purchases 
 8.    of its own shares               72,289,342    91.87    6,397,201     8.13          0 
     -------------------------------  -----------  -------  -----------  -------  --------- 
 

The Board notes that in respect of a number of resolutions more than 20 per cent. of votes cast were against the resolution. Should the proposed acquisition of Wentworth by Etablissements Maurel et Prom S.A. not proceed the Board will engage with major shareholders to understand their concerns and take steps in the future to address those concerns. The Board will update shareholders accordingly.

 
Enquiries:                          Katherine Roe,                             [e-mail] 
 Wentworth Resources                 Chief Executive Officer                    [phone] 
 
                                     AIM Nominated Advisor and Joint Broker 
                                     Callum Stewart 
  Stifel Nicolaus Europe Limited     Simon Mensley                              [phone] 
 
 
                                     Joint Broker 
                                     Richard Crichton 
  Peel Hunt LLP                      Georgia Langoulant                         [phone] 
 
  FTI Consulting                     Communications Advisor 
                                     Sara Powell                                [phone] 
                                     Ben Brewerton                              [e-mail] 
                                     Ollie Mills 
 

About Wentworth

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.

-Ends-

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December 15, 2023 08:01 ET (13:01 GMT)