ASCENT RESOURCES PLC

Share Issue/Capital Change • Apr 30, 2015

National Storage Mechanism | Additional information

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RNS Number : 9381L

Ascent Resources PLC

30 April 2015

Ascent Resources plc

("Ascent" or the "Company")

Issue of Equity

Ascent Resources plc, the AIM listed European oil and gas exploration and production company, has received a notice of exercise ("the Notice") to convert 420 convertible loan notes of £1 each which were issued in May 2013 as part of an open offer to all shareholders (the "Loan Notes") and the terms of which were amended in February 2015. The Loan Notes, including rolled up interest, are convertible into new ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") at a price of 0.1 pence per Ordinary Share. Consequently a total of 473,030 new Ordinary Shares ("the Conversion Shares") will be issued pursuant to the Notice.

Admission and Settlement

Application has been made for the admission to trading on AIM of the Conversion Shares ("Admission"). Admission is expected to occur on 7 May 2015. As at Admission, Ascent will have 1,459,119,459 Ordinary Shares in issue. There are no shares held in treasury. The total voting rights in the Company is therefore 1,459,119,459 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.

Enquiries:

Ascent Resources plc.

Clive Carver / Len Reece

Tel: +44 (0)20 7251 4905

finnCap (Nominated Adviser and Broker)

Chris Raggett

Tel: +44 (0) 20 7220 0500

This information is provided by RNS

The company news service from the London Stock Exchange

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