Issue of Equity

RNS Number : 4044K

Ascent Resources PLC

30 July 2013

 



Ascent Resources plc.

("Ascent" or the "Company")

Issue of Equity

Ascent Resources plc., the AIM listed European oil and gas exploration and production company, today announces that, further to the announcement of 22 July 2013 regarding the disposal of the Company's 100% interest in Ascent Resources Italia s.r.l. ("ARI") to Global Power Sources s.r.l. ("GPS"), 32,126,793 ordinary shares of 0.1 pence each in the share capital of the Company ("Ordinary Shares") have been issued and allotted to ARI in accordance with the terms of the sale and purchase agreement.

Application has been made for the new Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 2 August 2013. Following Admission, the total number of voting rights in Ascent will be 1,183,114,395 Ordinary Shares. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

Enquiries:

Ascent Resources plc.

Clive Carver

Tel: [phone]

Ascent Resources plc.

Leonard Reece

Tel: [phone]

finnCap (Nominated Adviser and Broker)

Matt Goode / Charlotte Stranner  

Tel: [phone]

 

END

 

 

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