Issue of Equity

RNS Number : 6193I
Ascent Resources PLC
16 March 2010
 



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.

 

* * ENDS * *

 

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.


This information is provided by RNS
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