Ascent Resources PLC Holding(s) in Company (3858E)

TIDMAST

RNS Number : 3858E

Ascent Resources PLC

08 May 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                                         Ascent Resources Plc 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-------------------------------------------------------------  ------------------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
---------------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights 
------------------------------------------------------------------------------------------------------ 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
------------------------------------------------------------------------------------------------------ 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
------------------------------------------------------------------------------------------------------ 
 An event changing the breakdown of voting rights 
------------------------------------------------------------------------------------------------------ 
 Other (please                                              Conversion of Ascent Resources PLC           X 
  specify):                                                 convertible loan holdings into equity 
---------------------------------------------------------  ------------------------------------------- 
 3. Full name of person(s)                                                  Lombard Odier Asset Management 
  subject to the                                                                          (Europe) Limited 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  --------------------------------------------- 
 4. Full name of shareholder(s)                                           Disclosure on behalf of accounts 
  (if different from 3.):(iv)                                                   managed on a discretionary 
                                                                         basis by Lombard Odier Investment 
                                                                                           Managers group. 
-----------------------------------------------------------  --------------------------------------------- 
 5. Date of the transaction                                                                     04/05/2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  --------------------------------------------- 
 6. Date on which issuer                                                                        05/05/2017 
  notified: 
-----------------------------------------------------------  --------------------------------------------- 
 7. Threshold(s) that is/are                                                                      above 5% 
  crossed or 
  reached: (vi, vii) 
-----------------------------------------------------------  --------------------------------------------- 
 
 
 
 8. Notified details: 
----------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
----------------------------------------------------------------------------------------------------------- 
 Class/type      Situation previous              Resulting situation after the 
  of              to the triggering               triggering transaction 
  shares          transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
--------------  ------------------------------  ----------------------------------------------------------- 
                 Number          Number          Number         Number of                % of voting 
                 of               of              of shares      voting                   rights (x) 
                 Shares           Voting                         rights 
                                  Rights 
--------------  --------------  --------------  -------------  -----------------------  ------------------- 
                                                 Direct         Direct     Indirect      Direct    Indirect 
                                                                (xi)        (xii) 
--------------    ------------   ------------   -------------  ---------  ------------  --------  --------- 
 GB00BZ16J374                                                              129,965,623             7.10% 
                                                                          ------------  --------  --------- 
 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------- 
 Type of           Expiration     Exercise/                      Number of voting        % of voting 
  financial         date           Conversion                     rights that             rights 
  instrument        (xiii)         Period (xiv)                   may be 
                                                                  acquired if 
                                                                  the 
                                                                  instrument 
                                                                  is 
                                                                  exercised/ 
                                                                  converted. 
----------------  -------------  -----------------------------  ----------------------  ------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
----------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------- 
 Type of          Exercise       Expiration     Exercise/       Number of voting         % of voting 
  financial        price         date           Conversion       rights instrument        rights (xix, 
  instrument                     (xvii)         period           refers to                xx) 
                                                (xviii) 
---------------  -------------  -------------  --------------  -----------------------  ------------------- 
                                                                                         Nominal   Delta 
---------------  -------------  -------------  --------------  -----------------------  --------  --------- 
 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------- 
 Number of voting rights                          Percentage of voting rights 
-----------------------------------------------  ---------------------------------------------------------- 
 129,965,623                                      7.10% 
-----------------------------------------------  ---------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
-------------------------------------------------------------------------------- 
 
 
 Proxy Voting: 
-------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
-------------------------------------------------------------  ----------------- 
 11. Number of voting rights proxy 
  holder will cease to hold: 
-------------------------------------------------------------  ----------------- 
 12. Date on which proxy holder will 
  cease to hold voting rights: 
-------------------------------------------------------------  ----------------- 
 
 
  13. Additional information: 
-------------------------------------------------------------  ----------------- 
 14. Contact name:                                                   Kiran Bassi 
-------------------------------------------------------------  ----------------- 
 15. Contact telephone number:                                  [phone] 
-------------------------------------------------------------  ----------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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May 08, 2017 02:00 ET (06:00 GMT)