15 Dec 2023 13:01
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 shares | % of votes | No. of shares | % of votes |
| ||
Ordinary Resolutions
| ||||||
1 | To receive the Company's Annual Report and accounts 2022
| 78,248,098 | 99.54 | 363,654 | 0.46 | 74,791 |
2 | To receive the director's remuneration report as set out in the financial statements and accounts. | 33,805,556 | 42.96 | 44,880,987 | 57.04 | 0 |
3. | To re-appoint Katherine Roe as a director of the Company
| 52,615,023 | 66.93 | 25,994,030 | 33.07 | 77,490 |
4. | To re-appoint KPMG as auditors of the Company
| 75,627,698 | 96.18 | 3,006,698 | 3.82 | 52,147 |
5. | To authorise the Directors to determine the remuneration of the auditors
| 76,500,972 | 97.30 | 2,122,395 | 2.70 | 63,176 |
6. | To authorise the Directors to allot shares
| 53,320,429 | 67.82 | 25,302,938 | 32.18 | 63,176 |
Special Resolutions
| ||||||
7. | To disapply pre-emption rights in respect of the allotment of shares | 53,317,429 | 67.82 | 25,293,771 | 32.18 | 75,343 |
8. | To authorise the Company to make market purchases 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: Wentworth Resources |
Katherine Roe,Chief Executive Officer |
katherine.roe@wentplc.com+44 (0) 7841 087 230 |
Stifel Nicolaus Europe Limited | AIM Nominated Advisor and Joint Broker Callum StewartSimon Mensley | +44 (0) 20 7710 7600 |
Peel Hunt LLP | Joint Broker Richard CrichtonGeorgia Langoulant | +44 (0) 20 7418 8900 |
FTI Consulting | Communications Advisor Sara Powell Ben Brewerton Ollie Mills | +44 (0) 20 3727 1000 wentworth@fticonsulting.com |
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.
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