5 June 2014
Ascent Resources plc
("Ascent" or "the Company")
Result of General Meeting and Annual General Meeting
Result of General Meeting
The Board of Ascent is pleased to announce that all the resolutions contained in the Notice of General Meeting dated 16 May 2014 were passed at the General Meeting held earlier today.
Resolution 1, as required by the Takeover Code, was conducted by way of a poll of Independent Shareholders. The results of the poll are summarised below:
Votes For |
% of Votes Cast |
Votes Against |
% of Votes Cast |
284,551,029 |
99.84 |
458,285 |
0.16 |
An announcement will be made in due course upon allotment of the new Ordinary Shares in relation to the Initial Subscription, the 2013 CLN Proposal and the 2014 CLN Conversion, which will occur upon receipt of the funds in relation to the Initial Subscription.
Result of Annual General Meeting
Furthermore, the Board is pleased to announce that at Company's Annual General Meeting held earlier today, all resolutions put to Shareholders were duly passed.
As a result, the Company has allotted 7,000,000 new Ordinary Shares in respect of the Subscription and Warranty Resolution Agreement. Application has been made to the London Stock Exchange for the new Ordinary Shares, which will rank pari passu with the Company's existing Ordinary Shares, to be admitted to trading on AIM. Admission is expected to occur at 8.00 a.m. on 6 June 2014.
Total Voting Rights
Following the issue of new Ordinary Shares, the Company will have 1,458,507,909 Ordinary Shares in issue. There are no shares held in treasury. The total voting rights in the Company is therefore 1,458,507,909 and Shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the Disclosure and Transparency Rules.
Other
Unless otherwise defined, all capitalised terms in this announcement shall have the meaning given to them in the Circular sent to shareholders on 16 May 2014.
Enquiries:
Ascent Resources plc.
Clive Carver / Len Reece
Tel: +44 (0)20 7251 4905
finnCap (Nominated Adviser and Broker)
Charlotte Stranner / Matthew Robinson
Tel: +44 (0) 20 7220 0500
