Ascent Resources PLC Issue of Equity (0801U)
July 27 2015 - 02:00AM
UK Regulatory
TIDMAST
RNS Number : 0801U
Ascent Resources PLC
27 July 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 217 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 244,392
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 31 July 2015. As at Admission, Ascent will have 1,734,363,851
Ordinary Shares in issue. There are no shares held in treasury. The
total voting rights in the Company is therefore 1,734,363,851 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.
Colin Hutchinson
Tel: +44 (0)20 7251 4905
finnCap (Nominated Adviser and Broker)
Christopher Raggett/Emily Watts
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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