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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 | 2,001 | 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 : 1951F
Ascent Resources PLC
05 March 2020
Ascent Resources plc
("Ascent" or the "Company")
Result of GM and Board Changes
Result of GM
Ascent Resources plc announces that at its General Meeting held earlier today all resolutions were duly passed. Results of the voting will be available on the Company's website in due course.
Board Changes
The Board of Ascent is also pleased to announce that, further to the announcement on 14 February 2020 which outlined the proposed Board changes, the necessary regulatory due diligence has been completed for the appointments of James Parsons and Ewen Ainsworth.
Executive changes
James Parsons, aged 47, has today been appointed to the Board as Executive Chairman.
James has a wealth of corporate and transactional experience on AIM and a demonstrated ability to access capital to fund junior resource plays. He is Executive Chairman of Regency Mines plc and Non-Executive Chairman of Echo Energy plc and Coro Energy plc.
Colin Hutchinson, Finance Director, will step down with immediate effect.
Non-Executive changes
Kristian Ewen Ainsworth, aged 57, has today been appointed to the Board as an independent Non-Executive Director.
Ewen Ainsworth is an experienced AIM company director, currently a Non-Executive director at Regency Mines plc and the CEO of Discovery Energy Limited, an advisory, consultancy and Investment Company. He has worked in a variety of senior and board level roles in the international natural resource sector for over 30 years, most recently as Finance Director for San Leon Energy plc and previously Gulf Keystone Petroleum Limited.
Louis Castro, Non-Executive Chairman, will step down with immediate effect.
John Buggenhagen, CEO of Ascent Resources plc, commented:
"I am excited to have James Parson take over as Chairman and also welcome Ewen Ainsworth as a Non-Executive director. Ascent has had a difficult time over the last few years in the face of permitting and regulatory challenges. I look forward to the future and a new direction for the company.
I want to thank both Louis Castro and Colin Hutchinson for there the efforts and wish them both well in their future endeavours."
Enquiries:
Ascent Resources plc John Buggenhagen, CEO 0207 251 4905 WH Ireland, Nominated Adviser & Broker James Joyce / Chris Savidge 0207 220 1666 SP Angel, Joint Broker Richard Hail 0203 470 0470
APPENDIX
The following details in relation to the appointment of Mr. Parsons are disclosed in accordance with Schedule 2(g) of the AIM Rules:
Current directorships Past directorships held within the last five years ---------------------- --------------------------------------- Regency Mines plc Sound Energy plc Echo Energy plc Sound Oil Limited Coro Energy plc Sound Oil International Limited C4 Energy Limited (BVI) Sound Oil (Asia) Limited (BVI) Mitra Energia Citarum (Mauritius) Coro Europe Limited Sound Energy New Co Limited Sound Energy Morocco South Limited Sound Energy Morocco East Limited Sound Energy Meridja Limited Echo Energy Holidngs (UK) Limited Echo Energy Bolivia (Op Co 1) Limited Echo Energy Bolivia (Op Co 2) Limited Echo Energy Bolivia (Hold Co 1) UK Limited Echo Energy Bolivia (Hold Co 2) UK Limited
The following details in relation to the appointment of Mr. Ainsworth are disclosed in accordance with Schedule 2(g) of the AIM Rules:
Current directorships Past directorships held within the last five years -------------------------- --------------------------------------- Regency Mines plc San Leon Energy plc Discovery Energy Limited Adamant Ventures LLP Adamant Advisors Limited Citadel Energy Limited Nostra Terra Oil and Gas Company plc Independent Resources (Egypt) Limited Nostra Terra Inc.
There are no other disclosures in accordance with Schedule 2(g) of the AIM Rules.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
ROMSSDFIIESSEID
(END) Dow Jones Newswires
March 05, 2020 10:54 ET (15:54 GMT)
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