Ascent Resources PLC Issue of Equity (3331V)
November 02 2017 - 2:00AM
UK Regulatory
TIDMAST
RNS Number : 3331V
Ascent Resources PLC
02 November 2017
2 November 2017
Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and
Gas
Ascent Resources plc
("Ascent" or the "Company")
Issue of Equity
Ascent Resources plc, the AIM quoted European oil and gas
exploration and production company (AIM: AST), notifies that it has
issued 20,000,000 new ordinary shares of 0.2p each in the Company
("Ordinary Shares"), comprising Tranche 2 of the shares due under
the Trameta Sale and Purchase ("the SPA") agreement as detailed in
the Company's announcement of 1 August 2016. These new Ordinary
Shares were due on the first anniversary of the recertification of
the export pipeline on the Slovenian side of the border which
occurred on 3 November 2016.
There are two further tranches of shares potentially issuable
under the SPA
- Tranche 3 consists of 22,500,000 new Ordinary Shares and will
be issuable on the first anniversary of the date when, in
aggregate, 1 million cubic metres of gas have been transported
through the Croatian Export Pipeline.
- Tranche 4 consists of 27,500,000 new Ordinary Shares and will
be issuable on the first anniversary of the date when in aggregate
50 million cubic metres of gas have been transported through the
Croatian Export Pipeline.
Admission and Settlement
Application has been made for the admission to trading on AIM of
the 20,000,000 new Ordinary Shares ("Admission"). Admission is
expected to occur on 8 November 2017. Following Admission, Ascent
will have 2,268,750,320 Ordinary Shares in issue. There are no
shares held in treasury. The total voting rights in the Company is
therefore 2,268,750,320 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 Limited, Nominated
Adviser and Broker
James Joyce
Alex Bond 0207 220 1666
Yellow Jersey
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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