REG - Ascent Resources PLC - Result of General Meeting and Board Changes

Ascent ResourcesAnnouncement

05/03/2020 15:55

RNS Number : 1951F
  
Ascent Resources PLC
  
05 March 2020
  
 

Ascent Resources plc
("Ascent" or the "Company")
Result of GM and Board Changes
 
Result of GM
Ascent Resources plc announces that at its General Meeting held earlier today all resolutions were duly passed. Results of the voting will be available on the Company's website in due course.
 
Board Changes
The Board of Ascent is also pleased to announce that, further to the announcement on 14 February 2020 which outlined the proposed Board changes, the necessary regulatory due diligence has been completed for the appointments of James Parsons and Ewen Ainsworth.
Executive changes
James Parsons, aged 47, has today been appointed to the Board as Executive Chairman.
James has a wealth of corporate and transactional experience on AIM and a demonstrated ability to access capital to fund junior resource plays. He is Executive Chairman of Regency Mines plc and Non-Executive Chairman of Echo Energy plc and Coro Energy plc.
Colin Hutchinson, Finance Director, will step down with immediate effect.
Non-Executive changes
Kristian Ewen Ainsworth, aged 57, has today been appointed to the Board as an independent Non-Executive Director.
Ewen Ainsworth is an experienced AIM company director, currently a Non-Executive director at Regency Mines plc and the CEO of Discovery Energy Limited, an advisory, consultancy and Investment Company. He has worked in a variety of senior and board level roles in the international natural resource sector for over 30 years, most recently as Finance Director for San Leon Energy plc and previously Gulf Keystone Petroleum Limited.
Louis Castro, Non-Executive Chairman, will step down with immediate effect.
John Buggenhagen, CEO of Ascent Resources plc, commented:
"I am excited to have James Parson take over as Chairman and also welcome Ewen Ainsworth as a Non-Executive director. Ascent has had a difficult time over the last few years in the face of permitting and regulatory challenges. I look forward to the future and a new direction for the company. 
I want to thank both Louis Castro and Colin Hutchinson for there the efforts and wish them both well in their future endeavours."
 
 
Enquiries:



Ascent Resources plc
John Buggenhagen, CEO


0207 251 4905
 




WH Ireland, Nominated Adviser & Broker
James Joyce / Chris Savidge


0207 220 1666




SP Angel, Joint Broker
Richard Hail


0203 470 0470



 
APPENDIX
 
The following details in relation to the appointment of Mr. Parsons are disclosed in accordance with Schedule 2(g) of the AIM Rules:



Current directorships


Past directorships held within the last five years




Regency Mines plc
Echo Energy plc
Coro Energy plc
C4 Energy Limited


Sound Energy plc
Sound Oil Limited
Sound Oil International Limited (BVI)
Sound Oil (Asia) Limited (BVI)
Mitra Energia Citarum (Mauritius)
Coro Europe Limited
Sound Energy New Co Limited
Sound Energy Morocco South Limited
Sound Energy Morocco East Limited
Sound Energy Meridja Limited
Echo Energy Holidngs (UK) Limited
Echo Energy Bolivia (Op Co 1) Limited
Echo Energy Bolivia (Op Co 2) Limited
Echo Energy Bolivia (Hold Co 1) UK Limited
Echo Energy Bolivia (Hold Co 2) UK Limited



 
The following details in relation to the appointment of Mr. Ainsworth are disclosed in accordance with Schedule 2(g) of the AIM Rules:



Current directorships


Past directorships held within the last five years




Regency Mines plc
Discovery Energy Limited
 
 


San Leon Energy plc
Adamant Ventures LLP
Adamant Advisors Limited
Citadel Energy Limited
Nostra Terra Oil and Gas Company plc
Independent Resources (Egypt) Limited
Nostra Terra Inc.



 
There are no other disclosures in accordance with Schedule 2(g) of the AIM Rules.
 


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