Ascent Resources PLC Issue of Equity (2083V)
April 14 2016 - 5:45AM
UK Regulatory
TIDMAST
RNS Number : 2083V
Ascent Resources PLC
14 April 2016
Ascent Resources plc
("Ascent" or the "Company")
Issue of Equity
Ascent Resources plc, the AIM quoted European oil and gas
exploration and production company, has received a notice of
exercise ("the Notice") to convert 542,566 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 0.2 pence
each in the Company ("Ordinary Shares") at a rate of 100 new
Ordinary Shares per GBP1 loan note. Consequently, a total of
61,106,308 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 20 April 2016. Following Admission, Ascent will have 263,326,786
Ordinary Shares in issue. There are no shares held in treasury. The
total number of voting rights in the Company will therefore be
263,326,786 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, Chairman
Colin Hutchinson, Interim
CEO 0207 251 4905
Stockdale Limited, Nominated
Adviser
Alastair Stratton
Richard Johnston
Edward Thomas 0207 601 6100
IFC Advisory Ltd, Financial
PR and IR
Graham Herring
Tim Metcalfe
Heather Armstrong 0203 053 8671
This information is provided by RNS
The company news service from the London Stock Exchange
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