REG - Ascent Resources PLC - Notice of GM and ECT Claim Shareholder Discussion

Ascent ResourcesAnnouncement

27/10/2023 12:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231027:nRSa5824Ra&default-theme=true

RNS Number : 5824R  Ascent Resources PLC  27 October 2023

 

27 October 2023

Ascent Resources plc

("Ascent" or the "Company")

Notice of General Meeting and ECT Claim Shareholder Discussion Forum

Ascent Resources Plc (LON: AST), the onshore Hispanic American and European
focussed energy and natural resources company, announces that on Monday it
will mail Notice to its shareholders to convene a General Meeting ("GM") to
approve the issue of 45 million new warrants (with an exercise price of  5
pence per new warrant share) pursuant to the strategic investment with MBD, as
announced 3 October 2023, alongside refreshing the Company's routine equity
authorities. The GM is to be held at the offices of FieldFisher LLP, Riverbank
House, 2 Swan Lane, London, EC4R 3TT at 5.30pm on Wednesday, 15 November 2023.
A copy of the Notice of GM will be put on the Company's website on Monday.

The Company also announces that it is considering a distribution to qualifying
shareholders on a future record date of an assignment to part of the proceeds
which would be received by the Company in the event of successful monetary
damages payment in relation to the Company's Energy Charter Treaty claim
against the Republic of Slovenia. This would, if implemented, enfranchise
qualifying shareholders with access to a portion of the damages proceeds being
claimed which would not be exposed to future changes in the capital of the
Company. It should be cautioned that in the event the Company is successful in
its claim any amount actually received may be significantly lower than the
full amount being claimed for.

Any distribution would be subject to receiving final legal and tax advice on
the mechanism of such a distribution and would likely need shareholder
approval.

Following completion of the official business of the meeting, shareholders
will be invited to discuss their views on this as well as having the ability
to raise questions generally.

Enquiries:

 Ascent Resources plc                        Via Vigo Communications

 Andrew Dennan
 WH Ireland, Nominated Adviser & Broker      0207 220 1666

 James Joyce / Sarah Mather
 Novum Securities, Joint Broker              0207 399 9400

 Jon Belliss

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NOGEAFEXAAFDFFA