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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.05 | 1.90 | 2.20 | 2.05 | 1.945 | 2.05 | 18,337 | 08:00:14 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 581k | -41.89M | -0.1004 | -0.20 | 8.55M |
TIDMAST
RNS Number : 1124Q
Ascent Resources PLC
24 November 2016
24 November 2016
Ascent Resources plc
("Ascent" or the "Company")
Issue of Equity
Ascent Resources plc, the AIM quoted European oil and gas exploration and production company, has received a notice of exercise ("the Notice") to convert 65,123 convertible loan notes of GBP1 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 and October 2016. The Loan Notes, including rolled up interest, are convertible into new ordinary shares of 0.2 pence each in the capital of the Company ("Ordinary Shares") at a rate of 100 new Ordinary Shares per GBP1 loan note. Consequently, a total of 7,334,454 new Ordinary Shares ("the Conversion Shares") will be issued pursuant to the Notice, following which GBP8,136,850 nominal convertible loan notes (including rolled-up interest) remain outstanding. This figure excludes the 2016 Loan Notes pursuant to the Placing announced on 27 October 2016.
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 30 November 2016. Following Admission, Ascent will have 1,084,038,522 Ordinary Shares in issue. There are no shares held in treasury. The total voting rights in the Company is therefore 1,084,038,522 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 Guidance and Transparency Rules.
Enquiries:
Ascent Resources plc 0207 251 4905
Clive Carver, Chairman
Colin Hutchinson, CEO
Stockdale Securities Limited, Nominated Adviser and Joint Broker 0207 601 6100
Richard Johnson
Edward Thomas
Northland Capital Partners Limited, Joint Broker 0203 861 6625
Tom Price
John Howes
Abigail Wayne
IFC Advisory Ltd, Financial PR and IR
0203 053 8671
Graham Herring
Tim Metcalfe
Heather Armstrong
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
November 24, 2016 11:00 ET (16:00 GMT)
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