Ascent Resources PLC Result of General Meeting and Board Changes (1951F)
March 05 2020 - 9:54AM
UK Regulatory
TIDMAST
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 Sound Energy plc
Echo Energy plc Sound Oil Limited
Coro Energy plc Sound Oil International Limited
C4 Energy 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 San Leon Energy plc
Discovery Energy Limited 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.
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
ROMSSDFIIESSEID
(END) Dow Jones Newswires
March 05, 2020 10:54 ET (15:54 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