Business
Result of General Meeting and Board Changes
Result of General Meeting and Board Changes.
About this update from Ascent Resources Plc
[{"type":"text","content":"\n \n \n RNS Number : 1951F\n Ascent Resources PLC\n 05 March 2020\n \n \n \n Ascent Resources plc\n (\"Ascent\" or the \"Company\")\n \n Result of GM and Board Changes\n \n \n Result of GM\n Ascent Resources plc announces that at its General Meeting held earlier today all resolutions were duly passed. Results of the voting will be available on the Company's website in due course.\n \n Board Changes\n The Board of Ascent is also pleased to announce that, further to the announcement on 14 February 2020 which outlined the proposed Board changes, the necessary regulatory due diligence has been completed for the appointments of James Parsons and Ewen Ainsworth.\n Executive changes\n James Parsons, aged 47, has today been appointed to the Board as Executive Chairman.\n James has a wealth of corporate and transactional experience on AIM and a demonstrated ability to access capital to fund junior resource plays. He is Executive Chairman of Regency Mines plc and Non-Executive Chairman of Echo Energy plc and Coro Energy plc.\n Colin Hutchinson, Finance Director, will step down with immediate effect.\n Non-Executive changes\n Kristian Ewen Ainsworth, aged 57, has today been appointed to the Board as an independent Non-Executive Director.\n Ewen Ainsworth is an experienced AIM company director, currently a Non-Executive director at Regency Mines plc and the CEO of Discovery Energy Limited, an advisory, consultancy and Investment Company. He has worked in a variety of senior and board level roles in the international natural resource sector for over 30 years, most recently as Finance Director for San Leon Energy plc and previously Gulf Keystone Petroleum Limited.\n Louis Castro, Non-Executive Chairman, will step down with immediate effect.\n John Buggenhagen, CEO of Ascent Resources plc, commented:\n \"I am excited to have James Parson take over as Chairman and also welcome Ewen Ainsworth as a Non-Executive director. Ascent has had a difficult time over the last few years in the face of permitting and regulatory challenges. I look forward to the future and a new direction for the company. \n I want to thank both Louis Castro and Colin Hutchinson for there the efforts and wish them both well in their future endeavours.\"\n \n \n Enquiries:\n \n \n \n \n Ascent Resources plc\n \n \n John Buggenhagen, CEO\n \...