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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% | 2.20 | 2.10 | 2.30 | 2.20 | 2.10 | 2.20 | 176,932 | 08:00:24 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 581k | -41.89M | -0.1004 | -0.22 | 9.18M |
TIDMAST
RNS Number : 2396L
Ascent Resources PLC
17 July 2017
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 795,405 convertible loan notes of GBP1 each:
- 573,183 of which were issued in May 2013 as part of an open offer to all shareholders (the "2013 Loan Notes") and the terms of which were amended in February 2015 and October 2016. The 2013 Loan Notes, including rolled up interest, are convertible into new Ordinary Shares at a rate of 100 new Ordinary Shares per GBP1 loan note.
- 222,222 of which were issued to Henderson Global Investors and EnQuest plc between February 2014 and July 2015 (the "2014 Loan Notes") and the terms of which were amended in February 2015 and October 2016. The 2014 Loan Notes, including rolled up interest, are convertible into new Ordinary Shares at a rate of 100 new Ordinary Shares per GBP1 loan note.
Consequently, a total of 88,191,847 new Ordinary Shares ("the Conversion Shares") will be issued pursuant to the Notice, following which GBP1,268,477 nominal convertible loan notes (including rolled-up interest) remain outstanding.
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 21 July 2017. Following Admission, Ascent will have 2,025,755,021 Ordinary Shares in issue. There are no shares held in treasury. The total voting rights in the Company is therefore 2,025,755,021 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
Abchurch, Financial PR and IR 0207 398 7700
Tim Thompson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
July 17, 2017 05:07 ET (09:07 GMT)
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