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Share Name Share Symbol Market Type Share ISIN Share Description
Ascent Resources Plc LSE:AST London Ordinary Share GB00BJVH7905 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.95 11.38% 9.30 9.10 9.50 9.40 8.35 8.35 2,832,761 15:23:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.3 -3.7 -0.1 - 9

Ascent Resources PLC Block listing application

16/11/2020 12:23pm

UK Regulatory (RNS & others)


Ascent Resources (LSE:AST)
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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 GBP0.5 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 GBP0.5p each in the capital of the Company ('Ordinary Shares').

Enquiries:

 
 Ascent Resources plc                      Via Vigo Communications 
  Andrew Dennan 
 WH Ireland, Nominated Adviser & Broker 
  James Joyce / Chris Savidge              0207 220 1666 
 Novum Securities, Joint Broker 
  John Belliss                             0207 399 9400 
 

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November 16, 2020 07:23 ET (12:23 GMT)

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