Ascent Resources PLC Issue of Equity (5869A)
September 29 2015 - 9:47AM
UK Regulatory
TIDMAST
RNS Number : 5869A
Ascent Resources PLC
29 September 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 2,439 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 2,746,912
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 5 October 2015. As at Admission, Ascent will have 1,737,110,763
Ordinary Shares in issue. There are no shares held in treasury. The
total voting rights in the Company is therefore 1,737,110,763 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/Colin Hutchinson
Tel: +44 (0)20 7251 4905
finnCap (Nominated Adviser and Broker)
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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