Ascent Resources PLC Ascent Resources Joins PrimaryBid.com (8437G)
March 09 2015 - 3:01AM
UK Regulatory
TIDMAST
RNS Number : 8437G
Ascent Resources PLC
09 March 2015
Ascent Resources PLC
("Ascent" or "the Company")
Ascent Resources PLC Joins PrimaryBid.com
Ascent is pleased to announce that it has joined PrimaryBid.com
(www.primarybid.com), the online platform dedicated to equity
crowdfunding for AIM-listed companies.
PrimaryBid.com provides a new channel for the Company to raise
equity from private investors. Primarybid.com allows private
investors to bid directly for new shares in the Company at prices
of their choosing, subject to certain limited restrictions.
PrimaryBid.com will provide the Company with ongoing access to
an aggregated book of bids submitted by PIs.
Ascent has full discretion as to whether to proceed with a share
placing to raise capital through PrimaryBid.com. This is done by
issuing new shares in order to satisfy any number of these bids
presented through the PrimaryBid.com platform. Shares may only be
issued to the extent that the Company has the requisite shareholder
authorities to fulfil the issuance.
Full details can be found on www.primarybid.com.
Leonard Reece, CEO of Ascent, said:
"We are pleased to join this new and innovative platform which
will allow us to access funding directly from retail investors in a
way which has traditionally been very restrictive.
We are not actively seeking to raise capital, however the
flexibility the platform provides us with the potential to access
capital quickly should we choose to do so.
PrimaryBid.com will be used alongside our existing funding
arrangements in order to afford private investors who have been
supporting the Company the ability to participate in potential
future fundraisings."
PrimaryBid.com commented:
"We are excited to launch our new platform and are delighted
that Ascent has joined the Primarybid.com community.
This platform was created to empower private investors to
participate in AIM placings as well as provide a quick, efficient
and cost-effective way for companies to raise new capital.
Private investors constitute over 60% of secondary transactions
on AIM, however, historically they have been virtually unable to
take part in primary investments such as a placing. PrimaryBid.com
is the first and only dedicated AIM focused crowdfunding platform
to give private investors direct access to AIM companies."
Enquiries:
Ascent Resources plc.
Clive Carver / Len Reece
Tel: +44 (0)20 7251 4905
finnCap (Nominated Adviser and Broker)
Charlotte Stranner / Chris Raggett
Tel: +44 (0) 20 7220 0500
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCFMGGFKRDGKZM
Ascent Resources (LSE:AST)
Historical Stock Chart
From Aug 2024 to Sep 2024
Ascent Resources (LSE:AST)
Historical Stock Chart
From Sep 2023 to Sep 2024