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Pin to quick picksAscent Resources Regulatory News (AST)

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Block listing application

16 Nov 2020 12:23

RNS Number : 4519F
Ascent Resources PLC
16 November 2020
 

16 November 2020

 

Ascent Resources plc

("Ascent" or the "Company")

Block listing application

Ascent Resources Plc (LON: AST) the onshore Caribbean, Hispanic American and European energy and natural resources company, announces that an application has been made to the London Stock Exchange for a block listing of securities in respect of 20,651,754 ordinary shares of £0.5 pence each (the 'New Ordinary Shares') to be admitted to trading on AIM.

The New Ordinary Shares will be issued from time to time in order to satisfy certain warrants which may be exercised. It is expected that admission will become effective on 20 November 2020.

The block listings consist of:

1. 424,482 ordinary shares in respect of the 24 March 2020 warrants exercisable at 5 pence per share, (the "March 2020 Warrants");

2. 8,727,272 ordinary shares in respect of the 30 April 2020 warrants exercisable at 5.5 pence per share, (the "April 2020 Warrants");

3. 7,500,000 ordinary shares in respect of the 6 August 2020 warrants exercisable at 4 pence per share, (the "August 2020 Warrants"); and

4. 4,000,000 ordinary shares in respect of the 11 August 2020 warrants exercisable at 2.5 pence per share, (the "August 2020 Loan Warrants").

For the avoidance of doubt these applications are not applications to list the warrants themselves on any regulated market but merely an administrative measure to ensure that the Company does not need to make multiple applications for admission of ordinary shares to trading on each separate occasion when the existing warrants are exercised by holders. The warrants remain in uncertificated form and there are no changes to the terms and conditions of the warrants.

Following the Block Admission, the Company's issued share capital will remain unchanged at 89,233,281 ordinary shares. The Company will make six-monthly announcements of the utilisation of the Block Admission, in line with its obligations under AIM Rule 29. The Company will also update the market with the total voting rights at the end of the month in which an warrant exercises have occurred.

When issued, the New Ordinary Shares will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of £0.5p each in the capital of the Company ('Ordinary Shares').

Enquiries:

Ascent Resources plc

Andrew Dennan

 

Via Vigo Communications

 

WH Ireland, Nominated Adviser & Broker

James Joyce / Chris Savidge

0207 220 1666

Novum Securities, Joint Broker

John Belliss

 

0207 399 9400

 

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Date   Source Headline
10th May 20189:31 amRNSForm 8.5 (EPT/NON-RI) - Ascent Resources PLC
9th May 20187:00 amRNSOperational Update
8th May 20187:00 amRNSPosting of Annual Report and Notice of AGM
23rd Apr 201812:11 pmRNSForm 8 - OPD - Ascent Resources plc
18th Apr 201812:09 pmRNSForm 8.5 (EPT/NON-RI) - Ascent Resources PLC
17th Apr 201811:06 amRNSSecond Price Monitoring Extn
17th Apr 201811:00 amRNSPrice Monitoring Extension
17th Apr 20187:00 amRNSStrategic review including formal sale process
17th Apr 20187:00 amRNSFinal Results for the year ended 31 December 2017
5th Apr 20187:00 amRNSOperational update
14th Mar 20187:00 amRNSIPPC Permitting update
7th Mar 20187:00 amRNSShareholder update meeting and presentation
14th Feb 20187:00 amRNSShareholder update meeting and presentation
6th Feb 20187:00 amRNSIssue of Equity
1st Feb 20187:00 amRNSPresentation to Oil Capital Conference
8th Jan 20187:00 amRNSProduction update and payment of first invoice
29th Nov 20177:01 amRNSDirector/PDMR Shareholding
29th Nov 20177:00 amRNSNotice of Shareholder Conference Call
28th Nov 20177:00 amRNSIPPC Permit Preliminary Screening Appeal Decision
15th Nov 20177:00 amRNSExport gas production update
7th Nov 201711:04 amRNSNotice of Shareholder Conference Call
7th Nov 20177:00 amRNSAward of Options
3rd Nov 20177:00 amRNSCommencement of export gas production
2nd Nov 20177:00 amRNSIssue of Equity
30th Oct 20177:00 amRNSSuccessful fundraising of £1.5m via PrimaryBid
27th Oct 20174:56 pmRNSOffer to Raise approximately £1m via PrimaryBid
27th Oct 20174:54 pmRNSOperational update
20th Oct 20177:00 amRNSOperational update
28th Sep 20177:01 amRNSInterim results for the period ended 30 June 2017
28th Sep 20177:00 amRNSChange of Adviser
12th Sep 20177:00 amRNSIssue of Equity
8th Sep 20174:37 pmRNSHolding(s) in Company
7th Sep 20177:00 amRNSOperational update
15th Aug 20173:43 pmRNSDirector/PDMR Shareholding
9th Aug 20173:20 pmRNSHolding(s) in Company
8th Aug 20173:13 pmRNSHolding(s) in Company
4th Aug 20177:00 amRNSOperational Update-commencement of test production
31st Jul 201711:13 amRNSConversion of final 2014 convertible loan notes
27th Jul 20172:34 pmRNSHolding(s) in Company
24th Jul 20177:01 amRNSHolding(s) in Company
24th Jul 20177:00 amRNSReplacement - Holding(s) in Company
18th Jul 20174:29 pmRNSHolding(s) in Company
18th Jul 20177:00 amRNSOperational Update - Petisovci Gas Field
17th Jul 201710:07 amRNSIssue of Equity
7th Jul 20174:59 pmRNSHolding(s) in Company
7th Jul 20177:00 amRNSIssue of Equity
28th Jun 20177:00 amRNSOperational Update - Petisovci Gas Field
23rd Jun 201711:57 amRNSIssue of Equity
12th Jun 20173:56 pmRNSResult of AGM
6th Jun 20177:00 amRNSOperational Update

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