TIDMAST
RNS Number : 7909L
Ascent Resources PLC
23 April 2018
FORM 8 (OPD)
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Full name of discloser: Ascent Resources plc
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(b) Owner or controller of interests and short positions disclosed, if different from 1(a):
The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s),
settlor and beneficiaries must be named.
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(c) Name of offeror/offeree in relation to whose relevant securities this form relates:
Use a separate form for each offeror/offeree
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(d) Is the discloser the offeror or the offeree? OFFEREE
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(e) Date position held: 23 April 2018
The latest practicable date prior to the disclosure
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(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect NO
of any other party to the offer?
If it is a cash offer or possible cash offer, state "N/A"
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2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in
more than one class of relevant securities of the offeror or
offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for
each additional class of relevant security.
(a) Interests and short positions in the relevant securities of
the offeror or offeree to which the disclosure relates
Class of relevant security: Ordinary Shares of 0.2p each
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Interests Short positions
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Number % Number %
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(1) Relevant securities owned and/or controlled: Nil 0 Nil 0
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(2) Cash-settled derivatives: Nil 0 Nil 0
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(3) Stock-settled derivatives (including options) and agreements to
purchase/sell: Nil 0 Nil 0
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TOTAL: Nil 0 Nil 0
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All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions
(including traded options), or agreements to purchase or sell
relevant securities, should be given on a Supplemental Form 8 (Open
Positions).
Details of any securities borrowing and lending positions or
financial collateral arrangements should be disclosed on a
Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities
Class of relevant security in relation to which subscription right exists: Nil
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Details, including nature of the rights concerned and relevant percentages: N/A
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3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
Details of any interests, short positions and rights to subscribe (including directors' and
other employee options) of any person acting in concert with the party to the offer making
the disclosure:
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A. Interests in ordinary shares of 0.2p each held by directors of Ascent Resources plc:
Class of relevant securities Ordinary shares of 0.2p each
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Name Number % of total issued share capital
(excluding treasury shares)
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Clive Carver 3,304,231* 0.15
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Colin Hutchinson 1,570,370 0.07
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Nigel Moore 1,339,275** 0.06
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Cameron Davies 1,340,800 0.06
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* This number includes 900,997 shares (0.04%) held by Mrs Donna
Carver
** This number includes 666,650 shares (0.03%) held by Mrs
Elizabeth Moore
B. Interests in ordinary shares of 0.2p each held by directors
of Ascent Resources plc via share options:
Name Number of share options Exercise price per share Date of grant
---------------- ----------------------- ------------------------ -------------
Clive Carver 13,612,502 1.975p November 2017
13,958,884 1.58p May 2015
1,328,443 20p April 2013
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Colin Hutchinson 34,031,255 1.975p November 2017
34,964,709 1.58p May 2015
265,688 20p April 2013
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Nigel Moore 6,806,251 1.975p November 2017
6,992,942 1.58p May 2015
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Cameron Davies 6,806,251 1.975p November 2017
6,992,942 1.58p May 2015
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The awards are subject to the rules of the 2013 Incentive
Scheme. They are not exercisable, unless otherwise provided for
under the rules of the scheme for a period of three years from the
date of grant. The options will be capable of exercise for a period
of ten years from the date of grant.
C. Interests held by other presumed concert parties of Ascent Resources plc
Class of relevant securities Ordinary shares of 0.2p each Short positions
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Name Number % of total issued share capital Number % of total issued share capital
(excluding treasury shares) (excluding treasury shares)
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FirstEnergy Capital LLP Nil 0 Nil 0
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Details of any open stock-settled derivative positions
(including traded options), or agreements to purchase or sell
relevant securities, should be given on a Supplemental Form 8 (Open
Positions).
Details of any securities borrowing and lending positions or
financial collateral arrangements should be disclosed on a
Supplemental Form 8 (SBL).
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal
or informal, relating to relevant securities which may be an inducement to deal or refrain
from dealing entered into by the party to the offer making the disclosure or any person acting
in concert with it:
Irrevocable commitments and letters of intent should not be included. If there are no such
agreements, arrangements or understandings, state "none"
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None
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(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the party
to the offer making the disclosure, or any person acting in concert with it, and any other
person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which
any derivative is referenced:
If there are no such agreements, arrangements or understandings, state "none"
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None
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(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) YES/NO
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Supplemental Form 8 (SBL) YES/NO
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Date of disclosure: 23/04/2018
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Contact name: Dawn Davies
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Telephone number: 0207 251 4905
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Public disclosures under Rule 8 of the Code must be made to a
Regulatory Information Service.
The Panel's Market Surveillance Unit is available for
consultation in relation to the Code's disclosure requirements on
+44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at
www.thetakeoverpanel.org.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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