ASCENT RESOURCES PLC

Share Issue/Capital Change • Nov 1, 2016

National Storage Mechanism | Additional information

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RNS Number : 0382O

Ascent Resources PLC

01 November 2016

Ascent Resources plc

("Ascent" or the "Company")

Issue of Equity

Ascent Resources plc, the AIM quoted European oil and gas exploration and production company, has received a notice of exercise ("the Notice") to convert 98 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 and October 2016.  The Loan Notes, including rolled up interest, are convertible into new ordinary shares of 0.2 pence each in the capital of the Company ("Ordinary Shares") at a rate of 100 new Ordinary Shares per £1 loan note.  Consequently, a total of 11,037 new Ordinary Shares ("the Conversion Shares") will be issued pursuant to the Notice, following which £8,210,195 nominal convertible loan notes (including rolled-up interest) remain outstanding. This figure excludes the 2016 Loan Notes pursuant to the Placing announced on 27 October 2016.

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 November 2016.  Following Admission, Ascent will have 989,553,041 Ordinary Shares in issue.  There are no shares held in treasury.  The total voting rights in the Company is therefore 989,553,041 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 Guidance and Transparency Rules.

Enquiries:

Ascent Resources plc                                                                                   Clive Carver, Chairman Colin Hutchinson, CEO	0207 251 4905
Stockdale Securities Limited, Nominated Adviser and Joint Broker Richard Johnson Edward Thomas	0207 601 6100
Northland Capital Partners Limited, Joint Broker                               Tom Price John Howes       Abigail Wayne	0203 861 6625
IFC Advisory Ltd, Financial PR and IR                                                  Graham Herring Tim Metcalfe Heather Armstrong	0203 053 8671

This information is provided by RNS

The company news service from the London Stock Exchange

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