Business
Result of EGM and Open Offer
Result of EGM and Open Offer.
About this update from Ascent Resources Plc
[{"type":"text","content":"\n \nRNS Number : 5979D Ascent Resources PLC 30 April 2013 \n \n\nAscent Resources plc\n(\"Ascent\" or the \"Company\")\nResults of Open Offer and General Meeting\nAscent Resources plc, the AIM listed European oil and gas exploration and production company, is pleased to report the results of the Open Offer that was announced on 12 April 2013, and the approval of all resolutions put to shareholders at the General Meeting of the Company held today.\nHighlights:\n· £5.5 million raised pursuant to Subscription and Open Offer following Shareholder approval at General Meeting.\n· Applications received for 125,477,880 Offer Shares and 394,414 Offer Loan Notes, representing a take-up rate of 40.9 per cent.\n· Following completion of the Open Offer, Henderson Global Investors Limited and Henderson Alternative Investment Advisor Limited (together, \"Henderson\") will be interested in 151,601,970 ordinary shares of 0.1 pence each (\"Ordinary Shares\"), representing 13.2 per cent. of the Company's issued share capital, and hold approximately £4.5 million of Convertible Loan Notes, which, if fully converted, would mean Henderson would hold approximately 51.2 per cent. of the total voting rights of Ascent.\n \n· John Kenny, Scott Richardson Brown and Graham Cooper step down from Board, Clive Carver is now Chairman of the Company\nResults of General Meeting and Open Offer\nAt the General Meeting of the Company held today, all resolutions put to shareholders were duly passed. A breakdown of the proxies lodged prior to the General Meeting in respect of resolutions 1 and 3 is summarised below:\n\n\n\n\nResolution\n\n\nFor\n\n\nAgainst\n\n\n\n\nResolution 1\n\n\n99.89%\n\n\n0.11%\n\n\n\n\nResolution 3\n\n\n99.89%\n\n\n0.11%\n\n\n\n\n \nResolution 2, as required by the Takeover Code was conducted by way of a poll of Independent Shareholders. The results of the poll are summarised below:\n\n\n\n\n \n\n\nFor\n\n\nAgainst\n\n\n\n\nResolution 2\n\n\n99.95%\n\n\n0.05%\n\n\n\n\n \nIn relation to the Open Offer announced on 12 April 2013, the Company has received valid acceptances in respect of 125,477,880 Offer Shares and 394,414 Offer Loan Notes from Qualifying Shareholders, representing a take-up rate of 40.9 ...