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Ascent Resources Issues Shares After Loan Note Conversion Notice (ALLISS)

Mon, 13th Jun 2016 13:33

LONDON (Alliance News) - Ascent Resources PLC, the AIM-listed European oil and gas exploration and production company, on Monday said it is issuing 92.4 million new shares after receiving notice of an intention to convert loan notes into equity.

Notice was received to turn 820,000 convertible loan notes into shares. The notes were issued in May 2013 as part of an open offer to shareholders.

The loan notes, including rolled-up interest, are convertible into new ordinary shares at a rate of 100 new shares per GBP1 loan note.

Following conversion, Ascent will have GBP9.4 million nominal convertible loan notes, including rolled-up interest, outstanding.

Shares in Ascent were up 12% at 0.810 pence Monday in London.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

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Ascent Resources Share News (AST)

Share Price Information for Ascent Resources (AST)

Ascent Resources Issues Shares After Loan Note Conversion Notice (ALLISS)

Croatia And Hungary Sales Cause Doubling Of Ascent Resources Revenue

Ascent Resources revenue more than doubles

Ascent Resources Extends Gas Sales Agreement In Croatia To November

Ascent Resources Raises GBP750,000 For Petisovci Seismic Data (ALLISS)

Ascent Resources raises ?750,000 in oversubscribed placing

Ascent Resources Shares Leap As It Gets Long-Awaited Petisovci Permit

Ascent Resources partners confirm receipt of IPPC permit

Ascent Resources Partners Get Processing Plant Approval In Slovenia

Ascent Resources March Petisovci Production Up Slightly, Revenue Dips

Ascent Resources sees improved production at Petisovci in March

Ascent shares up as it appeals Slovenian Environment Agency request

Ascent shares up as it appeals Slovenian Environment Agency request

Ascent Resources Files Slovenia Appeal As Environment Minister Quits

Ascent Resources Plans Legal Action After Further Slovenia Problems

Ascent Resources production falls as Slovenian spat heats up

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