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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 | 2.15 | 2.20 | 700,813 | 08:00:14 |
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 : 9408T
Ascent Resources PLC
24 July 2020
24 July 2020
Ascent Resources plc
("Ascent" or the "Company")
Serving of Notice of Dispute
Ascent Resources Plc (LON: AST), the onshore Caribbean, Hispanic American and European energy and natural resources company, announces that Ascent Resources Plc and its subsidiary Ascent Slovenia Ltd (together "the Investors"), have today formally notified the Government of the Republic of Slovenia (the "Government of Slovenia") of the existence of disputes under the UK - Slovenia bilateral investment treaty (the "BIT") and the Energy Charter Treaty (the "ECT").
In particular, the Government of Slovenia has been notified of the fact that certain actions which have caused considerable harm to the Investors' investments in Slovenia constitute breaches by the Government of Slovenia of the protections established by the BIT and the ECT, including, inter alia the guarantee that the investments would be accorded fair and equitable treatment and Slovenia's guarantee that the management, maintenance, use, enjoyment or disposal of the investments would not be impaired by arbitrary, unreasonable or discriminatory measures.
While the Investors continue to sincerely hope that an amicable solution can be found to the present disputes, they fully reserve all of their rights and remedies arising out of what they strongly believe to be Slovenia's treaty breaches and formally consent to submit their investment dispute with Slovenia to international arbitration.
A copy of the Notice is available at the Company's website https://www.ascentresources.co.uk/investors/presentations-documents/
Enquiries:
Ascent Resources plc Via Vigo Communications Andrew Dennan WH Ireland, Nominated Adviser & Broker James Joyce / Chris Savidge 0207 220 1666 SP Angel, Joint Broker Richard Hail, Caroline Rowe 0203 470 0470
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
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(END) Dow Jones Newswires
July 24, 2020 02:00 ET (06:00 GMT)
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