Ascent Resources plc “Placing of shares to Henderson Global Investors”

Ascent Resources plc (AIM: AST), the European oil and gas exploration and production company, has told DirectorsTalk that it has raised GBP500,000 (net to the Company) via the placing of 83,333,333 new ordinary shares of 0.2p each in the Company at a price of 0.6 p per Placing Share.

These funds are expected to meet the Company’s current working capital requirements into 2017 and enable the Company to continue to order long lead items required for the alternative route to market.

Admission of Ordinary Shares

The Company has applied for admission of the 83,333,333 Placing Shares to trading on AIM. Dealings are expected to become effective on 15 June 2016. Following Admission, the Company will have 514,937,442 Ordinary Shares in issue with each Ordinary Share carrying the right to one vote. There are no Ordinary Shares currently held in treasury. The total number of voting rights in the Company therefore will be 514,937,442 and this figure may be used by 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 and Transparency Rules.

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    Twitter
    LinkedIn
    Ascent Resources Plc

    More articles like this

    Ascent Resources Plc

    INTERVIEW: Ascent Resources Plc A strong footing

    Ascent Resources Plc (LON:AST) CEO Colin Hutchinson talks to DirectorsTalk about it’s latest operational update. Colin, explains how the development is going, how they are progressing with delivering gas to INA and what bringing Pg-11A online

    Ascent Resources Plc

    Ascent Resources Plc Operational Update

    The Board of Ascent Resources Plc (LON:AST), the European focussed oil & gas exploration and production company is pleased to update the market on progress with its Petišovci project in Slovenia. Well Pg-11A The downhole portion

    Ascent Resources Plc

    Lombard Odier Asset Management convert loan holdings into equity for Ascent Resources

    TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) ————————————————– 1. Identity of the issuer or Ascent Resources Plc the underlying issuer of existing shares to which voting rights are attached: (ii) ————————————————————- ——————————————- 2 Reason for the