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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.05 | -2.13% | 2.30 | 2.20 | 2.40 | 2.35 | 2.30 | 2.35 | 406,646 | 08:26:13 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 581k | -41.89M | -0.1004 | -0.23 | 9.6M |
TIDMAST
RNS Number : 1560L
Ascent Resources PLC
11 January 2021
11 January 2021
Ascent Resources plc
("Ascent" or the "Company")
Exercise of Warrants and Repayment of Debt
Ascent Resources Plc (LON: AST), the onshore Caribbean, Hispanic American and European natural resources company announces that it has today received a Warrant Exercise notice over 833,333 new ordinary shares for a consideration of GBP62,500. The Warrants are being exercised by Align Research in consideration for surrendering an equivalent value of loan notes. Additionally, the Company has agreed to issue 66,667 new shares at 7.5 pence, being the coupon conversion price, in lieu of the 8% cash coupon that is incurred on the converted loan amount. The Company has therefore today issued 900,000 new shares and admission of these shares is expected to take place on or around 15 January 2021.
The Company and the Lender confirm that following this warrant exercise and coupon repayment the outstanding balance on the loan arranged by Align Research is now GBP62,500 and the Company has a further GBP375,000 of funds available to draw down under the facility.
In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the warrant and the coupon shares, its issued ordinary share capital will comprise 96,392,272 ordinary shares. All of the ordinary shares have equal voting rights and none of the ordinary shares are held in Treasury. The total number of voting rights in the Company will therefore be 96,392,272. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the Company.
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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(END) Dow Jones Newswires
January 11, 2021 02:00 ET (07:00 GMT)
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