Ascent Resources PLC Option Awards (2065G)
12 November 2022 - 3:48AM
UK Regulatory
TIDMAST
RNS Number : 2065G
Ascent Resources PLC
11 November 2022
11 November 2022
Ascent Resources plc
("Ascent" or the "Company")
Option Awards
Ascent Resources Plc (LON: AST), the onshore Hispanic American
and European focussed energy and natural resources company,
announces an award of options.
The Company announces the grant of an aggregate of 4,600,000
options over Ordinary shares of the Company to certain employees.
Of the total options awarded the Executive Chairman and the Chief
Executive Officer were each awarded options over 1,500,000 Ordinary
shares and the Non-Executive Directors were each awarded options
over 500,000.
The five year options were granted on 11 November 2022 and have
a three year vesting period and entitle each holder to exercise at
a price of 5p. The performance vesting criteria for the options is
the execution of a cash generating ESG Metals transaction
consistent with the Company's strategy.
The Board has awarded the following options:
Award Strike Price Expiry Date
James Parsons 1,500,000 10 November
GBP0.05 2027
---------- ------------- ------------
Andrew Dennan 1,500,000 10 November
GBP0.05 2027
---------- ------------- ------------
Malcolm Graham 500,000 10 November
Wood GBP0.05 2027
---------- ------------- ------------
Stephen Birrell 500,000 10 November
GBP0.05 2027
---------- ------------- ------------
Following the grant of options, the resultant Directors'
shareholdings are as follows:
Directors Ordinary % of Issued Options
shares Share Capital
James Parsons 500,900 0.369 2,885,894
---------- --------------- ----------
Andrew Dennan 2,140,000 1.578 2,885,894
---------- --------------- ----------
Malcolm
Graham Wood 0 500,000
---------- --------------- ----------
Stephen
Birrell 0 500,000
---------- --------------- ----------
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1. James Parsons
2. Andrew Dennan
3. Malcolm Graham-Wood
4. Stephen Birrell
------------------------------------- ---------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------
a) Position/status
1. PDMR (Executive Chairman)
2. PDMR (Chief Executive Officer)
3. PDMR (Non-executive Director)
4. PDMR (Non-Executive Director)
------------------------------------- ---------------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------------- ---------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------
a) Name Ascent Resources plc
--------------------------------- ---------------------------------------------
b) LEI 213800Q8R5GV7DLNEL37
--------------------------------- ---------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------------------
a) Description of the financial Ordinary shares of GBP0.005
instrument, type of instrument each
--------------------------------- ---------------------------------------------
Identification code GB00BJVH7905
--------------------------------- ---------------------------------------------
b) Nature of the transaction Award of options
--------------------------------- ---------------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
--------------------------------- --------------------- ----------------------
1. GBP0.05
2. GBP0.05 1. 1,500,000
3. GBP0.05 2. 1,500,000
4. GBP0.05 3. 500,000
4. 500,000
--------------------------------- --------------------- ----------------------
d) Aggregated information N/A
--------------------------------- ---------------------------------------------
Aggregated volume N/A
--------------------------------- ---------------------------------------------
Price GBP0.05
--------------------------------- ---------------------------------------------
e) Date of the transaction 11 November 2022
--------------------------------- ---------------------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------- ---------------------------------------------
Enquiries:
Ascent Resources plc Via Vigo Communications
Andrew Dennan
WH Ireland, Nominated Adviser & Broker
James Joyce / Sarah Mather 0207 220 1666
Novum Securities, Joint Broker
Jon Belliss 0207 399 9400
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