We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | -2.63% | 1.85 | 1.80 | 1.90 | 1.90 | 1.85 | 1.90 | 228,007 | 10:33:22 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 581k | -41.89M | -0.1004 | -0.18 | 7.72M |
TIDMAST
RNS Number : 3676F
Ascent Resources PLC
19 February 2015
Ascent Resources plc
("Ascent" or "the Company")
Result of General Meeting
The Board of Ascent is pleased to announce that all the resolutions contained in the Notice of General Meeting dated 3 February 2015 were passed at the General Meeting held earlier today.
As detailed in the circular sent to shareholders dated 3 February 2015, the Board of Ascent entered into an agreement with Henderson, as majority holder of the Loan Notes, whereby, in return for extending the maturity date of the Loan Notes and terminating the accrual of further interest, the conversion price in respect of both the 2013 and 2014 Convertible Loan Notes was adjusted from 0.5p and 0.2p respectively to 0.1p for all Loan Notes. The resolutions proposed at the General Meeting held today were required in order to implement the terms of this agreement.
Resolution 1, as required by the Takeover Code, was conducted by way of a poll of Independent Shareholders. The results of the poll are summarised below:
Votes For % of Votes Cast Votes Against % of Votes Cast 313,426,490 99.86 431,462 0.14 ---------------- -------------- ----------------
As a result of the resolutions being passed, Henderson are able to convert all of the Loan Notes held by them without being obliged to make a general offer to all remaining shareholders in Ascent. On a fully diluted basis, assuming full draw down of the 2014 CLNs and assuming only Henderson convert, Henderson would, on full conversion of the Loan Notes held by them, be interested in 88.6 per cent. of the total voting rights of the Company.
Other
Unless otherwise defined, all capitalised terms in this announcement shall have the meaning given to them in the circular sent to shareholders on 3 February 2015.
Enquiries:
Ascent Resources plc.
Clive Carver / Len Reece
Tel: +44 (0)20 7251 4905
finnCap (Nominated Adviser and Broker)
Charlotte Stranner / Chris Raggett
Tel: +44 (0) 20 7220 0500
This information is provided by RNS
The company news service from the London Stock Exchange
END
ROMLKLFFELFLBBV
1 Year Ascent Resources Chart |
1 Month Ascent Resources Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions