Block listing application

RNS Number : 4519F
Ascent Resources PLC
16 November 2020
 

16 November 2020

 

Ascent Resources plc

("Ascent" or the "Company")

Block listing application

Ascent Resources Plc (LON: AST) the onshore Caribbean, Hispanic American and European energy and natural resources company, announces that an application has been made to the London Stock Exchange for a block listing of securities in respect of 20,651,754 ordinary shares of £0.5 pence each (the 'New Ordinary Shares') to be admitted to trading on AIM.

The New Ordinary Shares will be issued from time to time in order to satisfy certain warrants which may be exercised. It is expected that admission will become effective on 20 November 2020.

The block listings consist of:

1.  424,482 ordinary shares in respect of the 24 March 2020 warrants exercisable at 5 pence per share, (the "March 2020 Warrants");

2.  8,727,272 ordinary shares in respect of the 30 April 2020 warrants exercisable at 5.5 pence per share, (the "April 2020 Warrants");

3.  7,500,000 ordinary shares in respect of the 6 August 2020 warrants exercisable at 4 pence per share, (the "August 2020 Warrants"); and

4.  4,000,000 ordinary shares in respect of the 11 August 2020 warrants exercisable at 2.5 pence per share, (the "August 2020 Loan Warrants").

For the avoidance of doubt these applications are not applications to list the warrants themselves on any regulated market but merely an administrative measure to ensure that the Company does not need to make multiple applications for admission of ordinary shares to trading on each separate occasion when the existing warrants are exercised by holders. The warrants remain in uncertificated form and there are no changes to the terms and conditions of the warrants.

Following the Block Admission, the Company's issued share capital will remain unchanged at 89,233,281 ordinary shares. The Company will make six-monthly announcements of the utilisation of the Block Admission, in line with its obligations under AIM Rule 29. The Company will also update the market with the total voting rights at the end of the month in which an warrant exercises have occurred.

When issued, the New Ordinary Shares will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of £0.5p each in the capital of the Company ('Ordinary Shares').

Enquiries:

Ascent Resources plc

Andrew Dennan

 

Via Vigo Communications

 

WH Ireland, Nominated Adviser & Broker

James Joyce / Chris Savidge

0207 220 1666

Novum Securities, Joint Broker

John Belliss

 

0207 399 9400

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
ALSLQLFFBFLFFBK
UK 100

Latest directors dealings