Ascent Resources PLC Further re Placing - Directors' subscriptions (6317N)
October 27 2016 - 5:55AM
UK Regulatory
TIDMAST
RNS Number : 6317N
Ascent Resources PLC
27 October 2016
27 October 2016
Ascent Resources plc
("Ascent", the "Group", or the "Company")
Further re Placing - Directors' subscriptions
The Board of Ascent (AIM: AST) announces that, subsequent to the
announcement this morning of the Placing to raise up to GBP4.5
million (gross of expenses), the Company's Directors have today
entered into agreements to subscribe for a total of GBP50,000 in
principal of new 2016 Loan Notes in the amounts shown below:
Director 2016 Loan Notes
Clive Carver GBP13,333
Colin Hutchinson GBP10,001
Cameron Davies GBP13,333
Nigel Moore GBP13,333
The 2016 Loan Notes being subscribed by the Directors are in
addition to, and will rank pari passu with, the GBP1.0m in
principal amount of 2016 Loan Notes subscribed in the Placing
announced earlier today and are convertible into new ordinary
shares at 1p per ordinary share, being the same price as the
Placing Price.
Enquiries:
Ascent Resources plc 0207 251 4905
Clive Carver, Chairman
Colin Hutchinson, CEO
Stockdale Securities Limited, Nominated Adviser and Broker 020 7601 6100
Richard Johnson
Andy Crossley
Northland Capital Partners Limited, Broker 020 3861 6625
Tom Price
John Howes
Abigail Wayne
IFC Advisory Ltd, Financial PR and IR 0203 053 8671
Graham Herring
Tim Metcalfe
Heather Armstrong
Definitions in this announcement shall have the same meaning as
in the Company's announcement of the Placing earlier today unless
otherwise stated.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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