Wentworth Resources Limited : Notification of Trade


On March 12, 2014, Wentworth Resources Limited ("Wentworth") issued 3,400,000 share options to certain of the company's officers, directors and employees, each giving the right to subscribe for one share in Wentworth. The share options have a strike price of NOK 5.18 and may be exercised as 1/3 of the Options per year for 3 years starting on the anniversary date of the grant and expire 10 years from the date of grant.

Primary insiders of the Company have received the following options on the above terms:

Name Position New Options Granted Shares held Total Options following new Options Granted
Robert McBean Chairman of the Board 400,000 8,903,637 1,400,000
John Bentley Deputy Chairman 400,000 368,200 900,000
Cameron Barton Non-executive Director 400,000 1,530,291 900,000
Neil Kelly Non-executive Director 400,000 912,815 900,000
Geoffrey Bury Managing Director 400,000 200,000 1,400,000
Lance Mierendorf Chief Financial Officer 300,000 - 800,000
Richard Tainton Vice President International 300,000 40 550,000
Gerold Fong Vice President Exploration 300,000 - 550,000
Salvator Ntomola Vice President Business Development & Government Relations 150,000 47,305 350,000
Heather Jones Corporate Secretary and Manager of Treasury & Compliance 150,000 18,711 350,000
Roger Rwiguza Finance Controller 100,000 8,227 200,000
3,300,000

One employee who is not a primary insider received 100,000 share options.


 

 

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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