Ascent Resources plc has signed a deal with Beryl International (Pty) Ltd to identify and potentially fund jointly “ESG [environment, social and governance] metals” opportunities in Latin America and Africa. COLLABORATION The strategic collaboration agreement will involve potential projects including Latam ESG metals already identified by Ascent and new African opportunities introduced by Beryl. The […]
Tag: Ascent Resources plc
Ascent to appoint Marco Fumagalli as NED
Ascent Resources plc has proposed to appoint Marco Fumagalli to the board as a non-executive director. On appointment, he will become chairman of the company’s audit committee. Mr Fumagalli is an Italian businessman and industrial investor who was previously a group partner at multinational private equity and venture capital company 3i. He is a funding […]
Ascent raises £600,000 via placing and restructures debt
Ascent Resources plc has raised £600,000 in a placing and restructured its debt with lender Riverfort. DISCOUNT The company issued 15,000,000 new ordinary shares of 0.5 pence each to new and existing shareholders, at a price of 4 pence per placing share. The placing price represents an approximate 5% discount to the closing mid-market price […]
Ascent awards 4.6m share options to employees and PDMRs
Ascent Resources plc has awarded 4.6 million options over ordinary shares to certain employees and persons discharging managerial responsibilities (PDMRs). PDMRs The performance vesting criteria for the options is the execution of a cash-generating ESG metals transaction consistent with the company’s strategy, said Ascent. Executive chairman James Parsons and chief executive officer Andrew Dennan each […]
Ascent to receive further revenues from Slovenia JV
Ascent Resources plc today said it had reached an agreement over further hydrocarbon revenues from the joint venture (JV) operations within the Petisovci concession area in Slovenia. DISPUTES The legacy disputes are between the company and its Slovenian JV partner Geoenergo and the JV operating service provider Petrol Geo. In August 2022, Ascent received its […]
Ascent Slovenia claims more than €500m damages
Ascent Resources plc’s has revised its preliminary damages claim to more than €500 million [£422m] over oil and gas interests against the Republic of Slovenia. PETIŠOVCI The figure is included in the formal submission by the company and its subsidiary Ascent Slovenia Ltd, referred to as the investors, of their dispute with Slovenia to arbitration. […]