Ascent Resources PLC Successful fundraising via PrimaryBid (5705N)
January 21 2019 - 1:00AM
UK Regulatory
TIDMAST
RNS Number : 5705N
Ascent Resources PLC
21 January 2019
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO
CONSTITUTE INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE
MARKET ABUSE REGULATION (EU) NO. 596/2014. UPON THE PUBLICATION OF
THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE
IN THE PUBLIC DOMAIN.
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION
WOULD BE PROHIBITED BY ANY APPLICABLE LAW.
Ascent Resources plc
("Ascent" or the "Company")
Successful fundraising of approximately GBP350,000 via
PrimaryBid
Ascent Resources plc, the European focused oil & gas
exploration and production company, announced on 18 January 2019
the launch of a PrimaryBid Offer to retail investors through
PrimaryBid.com at 0.3p per New Ordinary Share. The Offer
successfully completed and closed at 5 p.m. on 20 January 2019.
The Offer received strong demand from private investors and
includes a subscription under the Offer for 1,000,000 shares by
Colin Hutchinson, Chief Executive of the Company.
The gross proceeds of the Offer are GBP349,056 (GBP331,603 net
of costs).
The Company has also issued 4,700,000 shares to suppliers for
services at the Placing price.
The Company will therefore issue and allot a total of
121,052,097 New Ordinary Shares to satisfy the Offer. Application
has been made to the London Stock Exchange for these New Ordinary
Shares, which rank pari passu with the Company's existing Ordinary
Shares, to be admitted to trading on AIM. Dealings are expected to
commence at 8.00 a.m. on 25 January 2019.
Total Voting Rights
Following the issue of the New Ordinary Shares, the Company will
have 2,412,362,783 ordinary shares of 0.2p each in issue. No
Ordinary Shares are held in treasury. The figure of 2,412,362,783
may be used by the Company's shareholders as the denominator for
the calculations by which they will determine if they are required
to notify their interest in, or a change to their interest in, the
Company under the Financial Conduct Authority's Disclosure Rules
and Transparency Rules.
Colin Hutchinson, Chief Executive Officer of Ascent Resources,
commented:
"I am very pleased with the response to the Offer, the funds
raised will be used to continue to develop the project and progress
due diligence on other opportunities outside of Slovenia."
Defined terms in this announcement shall have the same meaning
as in the Company announcement of 18 January 2019, unless otherwise
specified.
Enquiries:
Ascent Resources plc +44 20 7251 4905
Colin Hutchinson, CEO
WH Ireland, Nominated Adviser +44 20 7220 1666
James Joyce / Chris Viggor
PrimaryBid Limited +44 20 3026 4750
Robert Beenstock
Yellow Jersey, Financial PR and IR
+44 20 3735 8825
Tim Thompson / Harriet Jackson / Henry Wilkinson
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 or visit www.rns.com.
END
ALSEAFFEADSNEAF
(END) Dow Jones Newswires
January 21, 2019 02:00 ET (07:00 GMT)
Ascent Resources (LSE:AST)
Historical Stock Chart
From Apr 2024 to May 2024
Ascent Resources (LSE:AST)
Historical Stock Chart
From May 2023 to May 2024