Director Appointment

RNS Number : 9780L

Ascent Resources PLC

05 May 2020

 

5 May 2020

Ascent Resources plc

("Ascent" or the "Company")

Director Appointment

Ascent Resources Plc (LON: AST) the onshore European and Caribbean / Hispanic American oil and gas company, is pleased to announce that, further to the announcement on 14 April 2020 which outlined the proposed Board changes, the necessary regulatory due diligence has been completed for the appointment of Andrew Dennan.

Andrew Dennan, aged 35, has today been appointed to the Board as Chief Executive Officer.

The following details in relation to the appointment of Mr. Dennan are disclosed in accordance with Schedule 2(g) of the AIM Rules:

Current directorships:	Past directorships held within the last five years:
Nu-Oil and Gas Plc	Saffron Energy Ltd*
Coro Energy plc	Alpha Growth Plc
Baron Lux LLP	Ezilla Ltd
Apennine Energy SpA	Penton Capital Ltd*
	BSD Capital Ltd*
	Coro Asia Ltd
	Coro Europe Ltd
	Coro Energy Asia Ltd
	Coro Energy Holdings Cell A Ltd
	Coro Energy (Singapore) PTE Ltd
	Coro Energy Bulu (Singapore) PTE Ltd
	Coro Energy Duyung (Singapore) PTE Ltd
	Northsun Italia SpA

* Saffron Energy Ltd, Penton Capital Ltd and BSD Capital Ltd were all dissolved with no outstanding creditors.

Mr Dennan holds 1,900,000 shares in the Company at the date of his appointment and has three year vest, five year expiry options over  1,385,894 new ordinary shares at a price of  5 pence  per share.

There are no other disclosures required pursuant to Schedule 2(g) of the AIM Rules.

Enquiries:

Ascent Resources plc Andrew Dennan	Via Vigo Communications
WH Ireland, Nominated Adviser & Broker James Joyce / Chris Savidge	0207 220 1666
SP Angel, Joint Broker Richard Hail, Caroline Rowe	0203 470 0470

APPENDIX:

The following details in relation to the appointment of Mr. Salvadori, aged 61, are disclosed in accordance with Schedule 2(g) of the AIM Rules:

Current directorships	Past directorships held within the last five years
Apennine Energy Spa	Northsun Italia Spa Dana Gas Egypt

There are no other disclosures in accordance with Schedule 2(g) of the AIM Rules.

 

END

 

 

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