Ascent Resources PLC Issue of Equity (9659D)
February 06 2018 - 2:00AM
UK Regulatory
TIDMAST
RNS Number : 9659D
Ascent Resources PLC
06 February 2018
Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and
Gas
06 February 2018
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 536 convertible loan notes of
GBP1 each. The notes were issued in May 2013 as part of an open
offer to all shareholders (the "Loan Notes"). The terms have since
been amended in February 2015 and October 2016. The Loan Notes,
including rolled up interest, are convertible into new Ordinary
Shares at a rate of 100 new Ordinary Shares per GBP1 loan note.
Consequently, a total of 60,366 new Ordinary Shares (the
"Conversion Shares") will be issued pursuant to the Notice,
following which GBP48,803 nominal convertible Loan Notes (including
rolled-up interest) remain outstanding.
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 12 February 2018. Following Admission, Ascent will have
2,268,810,686 Ordinary Shares in issue. There are no shares held in
treasury. The total voting rights in the Company is therefore
2,268,810,686 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
Guidance and Transparency Rules.
Enquiries:
Ascent Resources plc
Clive Carver, Chairman
Colin Hutchinson, CEO 0207 251 4905
WH Ireland, Nominated
Adviser & Broker
James Joyce / Alex Bond 0207 220 1666
Yellow Jersey, Financial
PR and IR
Tim Thompson / Harriet
Jackson / Henry Wilkinson 0203 735 8825
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEEELFBVLFZBBK
(END) Dow Jones Newswires
February 06, 2018 02:00 ET (07:00 GMT)
Ascent Resources (LSE:AST)
Historical Stock Chart
From Aug 2024 to Sep 2024
Ascent Resources (LSE:AST)
Historical Stock Chart
From Sep 2023 to Sep 2024