Ascent Resources PLC Issue of Equity (5967I)
March 26 2015 - 9:56AM
UK Regulatory
TIDMAST
RNS Number : 5967I
Ascent Resources PLC
26 March 2015
Ascent Resources plc
("Ascent" or the "Company")
Issue of Equity
Ascent Resources plc, the AIM listed European oil and gas
exploration and production company, has received a notice of
exercise ("the Notice") to convert 123 convertible loan notes of
GBP1 each which were issued in May 2013 as part of an open offer to
all shareholders (the "Loan Notes") and the terms of which were
amended in February 2015. The Loan Notes, including rolled up
interest, are convertible into new ordinary shares of 0.1 pence
each in the capital of the Company ("Ordinary Shares") at a price
of 0.1 pence per Ordinary Share. Consequently a total of 138,520
new Ordinary Shares ("the Conversion Shares") will be issued
pursuant to the Notice.
Admission and Settlement
Application has been made for the admission to trading on AIM of
the Conversion Shares ("Admission"). Admission is expected to occur
on 1 April 2015. As at Admission, Ascent will have 1,451,646,429
Ordinary Shares in issue. There are no shares held in treasury. The
total voting rights in the Company is therefore 1,451,646,429 and
Shareholders may use this figure as the denominator by which they
are required to notify their interest in, or change to their
interest in, the Company under the Disclosure and Transparency
Rules.
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
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