REG - Ascent Resources PLC - Issue of Equity <Origin Href="QuoteRef">ASCR.L</Origin>

Ascent ResourcesAnnouncement

29/09/2015 14:50

RNS Number : 5869A
Ascent Resources PLC
29 September 2015
Ascent Resources plc
("Ascent" or the "Company")
Issue of Equity 
Ascent Resources plc, the AIM listed European oil and gas exploration and production company, has received a notice of exercise ("the Notice") to convert 2,439 convertible loan notes of 1 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. The Loan Notes, including rolled up interest, are convertible into new ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") at a price of 0.1 pence per Ordinary Share. Consequently a total of 2,746,912 new Ordinary Shares ("the Conversion Shares") will be issued pursuant to the Notice.
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 5 October 2015. As at Admission, Ascent will have 1,737,110,763 Ordinary Shares in issue. There are no shares held in treasury. The total voting rights in the Company is therefore 1,737,110,763 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 and Transparency Rules.
Enquiries:
Ascent Resources plc.
Clive Carver/Colin Hutchinson
Tel: +44 (0)20 7251 4905
finnCap (Nominated Adviser and Broker)
Chris Raggett
Tel: +44 (0) 20 7220 0500

This information is provided by RNS
The company news service from the London Stock Exchange
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