REG - Ascent Resources PLC - Proposed Placing, Amendment of CLNs & Notice of GM <Origin Href="QuoteRef">ASCR.L</Origin> - Part 2

Ascent ResourcesAnnouncement

12/11/2015 07:01

- Part 2: For the preceding part double click  ID:nRSL4262Fa 

                                                                                                                                                                                                                                                                                                                                                                                 
 "Placing Letters"                              the letters to be sent to each placee in connection with the Placing                                                                                                                                                                                                                                                                                                                                                                                                                
 "Placing Shares"                               70,350,000 New Ordinary Shares to be issued by the Company pursuant to the Placing                                                                                                                                                                                                                                                                                                                                                                                                  
 "Plant"                                        the methanol plant adjacent to the Petišovci gas field                                                                                                                                                                                                                                                                                                                                                                                                                              
 "PrimaryBid"                                   PrimaryBid Limited, a wholly owned subsidiary of Darwin Strategic                                                                                                                                                                                                                                                                                                                                                                                                                   
 "Proposals"                                    the Capital Reorganisation, the amendment of the Convertible Loan Note Instruments and the Placing and the matters the subject of the Resolutions                                                                                                                                                                                                                                                                                                                                   
 "Prospectus Rules"                             the Prospectus Rules published by the FCA                                                                                                                                                                                                                                                                                                                                                                                                                                           
 "Receiving Agent"                              Computershare Investor Services PLC                                                                                                                                                                                                                                                                                                                                                                                                                                                 
 "Redenominated Ordinary Shares"                the ordinary shares of 0.01 pence each in the capital of the Company immediately following the Subdivision                                                                                                                                                                                                                                                                                                                                                                          
 "Resolutions"                                  the resolutions required to implement the Proposals, as set out in the Notice                                                                                                                                                                                                                                                                                                                                                                                                       
 "RIS"                                          a regulatory information service approved by the London Stock Exchange for the purposes of the AIM Rules                                                                                                                                                                                                                                                                                                                                                                            
 "Second Supplemental Loan Note Instruments"    the supplemental loan note instruments dated 12 November 2015 amending the 2013 Convertible Loan Note Instrument and 2014 Convertible Loan Note Instrument to give effect to the changes described in paragraph 5 of part I of the Circular                                                                                                                                                                                                                                         
 "Shareholders"                                 holders of Ordinary Shares at the date of the Circular                                                                                                                                                                                                                                                                                                                                                                                                                              
 "Subdivision"                                  the subdivision of each Existing Ordinary Share into one Redenominated Ordinary Shares and one Deferred Share                                                                                                                                                                                                                                                                                                                                                                       
 "TTE instruction"                              a Transfer to Escrow instruction (as defined by the CREST Manual)                                                                                                                                                                                                                                                                                                                                                                                                                   
 "United Kingdom" or "UK"                       the United Kingdom of Great Britain and Northern Ireland                                                                                                                                                                                                                                                                                                                                                                                                                            
 "uncertificated" or "in uncertificated form"   an ordinary share recorded on a company's share register as being held in uncertificated form in CREST and title to which, by virtue of the Uncertificated Securities Regulations 2001, may be transferred by means of CREST                                                                                                                                                                                                                                                        
 "USMC"                                         United States Methanol Corporation                                                                                                                                                                                                                                                                                                                                                                                                                                                  
 
 
A reference to £ is to pounds sterling, being the lawful currency of the UK 
 
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