Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas
16 March 2010
Ascent Resources plc ('Ascent' or 'the Company')
Issue of Equity
Ascent Resources plc, the AIM-traded oil and gas exploration and production company, announces that following the passing of the resolution at the Extraordinary General Meeting on 12 March it has issued 15,529,981 ordinary shares of 0.1 pence each in Ascent ('Ordinary Shares') to Director Malcolm Groom. Following admission, Mr Groom will be interested in 17,527,686 shares of Ascent representing 3.40% of the total issued shares.
Application has been made for these shares to be admitted to trading on AIM on 19 March 2010. Following the issue of the new shares, the Company's issued share capital will consist of 515,662,023 Ordinary Shares with voting rights.
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For further information visit www.ascentresources.co.uk or contact:
Jeremy Eng |
Ascent Resources plc |
Tel: 020 7251 4905 |
Simon Cunningham |
Ascent Resources plc |
Tel: 020 7251 4905 |
Hugo de Salis |
St Brides Media & Finance Ltd |
Tel: 020 7236 1177 |
Paul Youens |
St Brides Media & Finance Ltd |
Tel: 020 7236 1177 |
Lindsay Mair |
Astaire Securities |
Tel: 020 7448 4400 |
Jerry Keen |
Astaire Securities (Corporate Broking) |
Tel: 020 7448 4492 |
Toby Gibbs |
Astaire Securities |
Tel: 020 7448 4400 |
Daniel Fox-Davies |
Fox-Davies Capital Ltd |
Tel: 020 7936 5200 |
James Hehn |
Fox-Davies Capital Ltd |
Tel: 020 7936 5200 |
Notes
Ascent Resources plc has a diversified portfolio of hydrocarbon exploration and development projects across five countries in Europe: Italy, Switzerland, Hungary, Slovenia and Netherlands. Ascent's portfolio contains a solid base of field redevelopment projects with selected exposure to exploration upside. The portfolio is focussed on gas and with the exception of the shallow water Netherlands project, all of its projects are located onshore where operating and development costs are substantially lower than they would be offshore.