Award of Options

RNS Number : 7209V

Ascent Resources PLC

07 November 2017

 

Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas

7 November 2017

Ascent Resources plc

("Ascent" or "the Company")

Award of Options

Ascent Resources plc, the AIM quoted European oil and gas exploration and production company (AIM: AST), is pleased to announce that on 7 November 2017, 68,062,510 new options were granted exercisable at 1.975 pence, the closing mid-market price on 6 November 2017. This is the first award of options since May 2015.

The recipients include Directors of the Company as follows:

Colin Hutchinson	34,031,255
Clive Carver	13,612,502
Nigel Moore	6,806,251
Cameron Davies	6,806,251

The award is 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.

The other options currently held by Directors are those awarded in May 2015 which are exercisable at 1.58 pence and those awarded in April 2013 which are exercisable at 20 pence; the recipients are summarised below:

	April 2013	May 2015
Colin Hutchinson	265,688	34,964,709
Clive Carver	1,328,443	13,985,884
Nigel Moore	-	6,992,942
Cameron Davies	-	6,992,942

Enquiries:

Ascent Resources plc Clive Carver, Chairman Colin Hutchinson, CEO	0207 251 4905
WH Ireland, Nominated Adviser & Broker James Joyce / Alex Bond	0207 220 1666
Yellow Jersey, Financial PR and IR Tim Thompson / Harriet Jackson / Henry Wilkinson	0203 735 8825

 

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