Issue of Equity

RNS Number : 0801U
Ascent Resources PLC
27 July 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 217 convertible loan notes of £1 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 244,392 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 31 July 2015. As at Admission, Ascent will have 1,734,363,851 Ordinary Shares in issue. There are no shares held in treasury. The total voting rights in the Company is therefore 1,734,363,851 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.

Colin Hutchinson

Tel: +44 (0)20 7251 4905

 

finnCap (Nominated Adviser and Broker)

Christopher Raggett/Emily Watts

Tel: +44 (0) 20 7220 0500

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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