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

Ascent ResourcesAnnouncement

06/02/2018 07:05

RNS Number : 9659D
Ascent Resources PLC
06 February 2018
Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas
06 February 2018
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 536 convertible loan notes of 1 each. The notes were issued in May 2013 as part of an open offer to all shareholders (the "Loan Notes"). The terms have since been amended in February 2015 and October 2016. The Loan Notes, including rolled up interest, are convertible into new Ordinary Shares at a rate of 100 new Ordinary Shares per 1 loan note. 
Consequently, a total of 60,366 new Ordinary Shares (the "Conversion Shares") will be issued pursuant to the Notice, following which 48,803 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 12 February 2018. Following Admission, Ascent will have 2,268,810,686 Ordinary Shares in issue. There are no shares held in treasury. The total voting rights in the Company is therefore 2,268,810,686 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
Clive Carver, Chairman
Colin Hutchinson, CEO
0207 251 4905
WH Ireland, Nominated Adviser & Broker
James Joyce / Alex Bond
0207 220 1666
Yellow Jersey, Financial PR and IR 
Tim Thompson / Harriet Jackson / Henry Wilkinson
0203 735 8825

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