Ascent Resources : Admission - Update

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Ascent Resources PLC - AST Admission - Update Released 15:17 03-Mar-2020

RNS Number : 8928E

Ascent Resources PLC

03 March 2020

3 March 2020

Ascent Resources plc

('Ascent' or the 'Company')

Admission of shares for Capital Reorganisation and Placing

Further to the announcement on 14 February 2020 and the publication of the Circular on 18 February, the Company confirms that, conditional on the passing of the resolutions at the GM, application will be made for the 30,196,485 New Ordinary Shares following the Capital Reorganisation to be admitted to trading on AIM and it is expected that their admission to AIM will take place at 8.00 a.m. on 6 March 2020.

In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the Capital Reorganisation, its issued share capital will comprise 30,196,485 ordinary shares of 0.5 pence each. All of the ordinary shares have equal voting rights and none of the ordinary shares are held in Treasury. The total number of voting rights in the Company will therefore be 30,196,485 on admission. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the Company.

The Company confirms that, conditional on the passing of the resolutions at the GM, application will be made for the 16,000,000 Placing Shares to be admitted to trading on AIM and it is expected that their admission to AIM will take place at 8.00 a.m. on 10 March 2020.

In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the Admission of the Placing Shares, its issued share capital will comprise 46,196,484 ordinary shares of 0.5 pence each. All of the ordinary shares have equal voting rights and none of the ordinary shares are held in Treasury. The total number of voting rights in the Company will therefore be 46,196,484 on admission. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the Company.

Terms and expressions in this announcement will have the same meaning as in the announcement on 14 February 2020 and the Circular on 18 February 2020.

Enquiries:

Ascent Resources plc Louis Castro, Chairman John Buggenhagen, CEO	0207 251 4905
WH Ireland, Nominated Adviser & Broker James Joyce / Chris Savidge	0207 220 1666
SP Angel, Joint Broker Richard Hail	0203 470 0470
Flagstaff Strategic and Investor Communications Tim Thompson	0207 129 1474

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Admission - Update - RNS