Director/PDMR Shareholding

RNS Number : 7868X

Ascent Resources PLC

29 November 2017

 

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

29 November 2017

Ascent Resources PLC

("Ascent" or "the Company")

Director/PDMR Shareholdings

The Company was notified on 28 November 2017 of the following purchase of ordinary shares of 0.2 pence each ("Ordinary Shares") on that day by a director of the Company.

Colin Hutchinson, Chief Executive Officer, acquired 300,000 Ordinary Shares at a price of 1.743 pence per share.  Following this transaction, Colin Hutchinson's shareholding is 1,570,370 Ordinary Shares, representing 0.07% of the issued share capital of the Company.  In addition, he holds options over 69,261,652 shares at an average strike price of 1.8973 pence.  Therefore, including share options, he has an interest in 70,832,022 shares representing 2.93% of the fully diluted share capital of the Company.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on shares acquired.

For further information please visit www.ascentresources.co.uk or contact:

Ascent Resources plc                                                                                                          0207 251 4905

Clive Carver, Chairman

Colin Hutchinson, CEO

WH Ireland Limited (Nominated Adviser & Broker)                                                    0207 220 1666

James Joyce/ Alex Bond                     

Yellow Jersey PR                                                                                                                  0203 735 8825  

Tim Thompson/ Henry Wilkinson                                                                                                   

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Colin Hutchinson
2	Reason for the notification
a)	Position/status	Chief Executive Officer
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 instrument, type of instrument Identification code	Ordinary shares of 0.2p each GB00BZ16J374
b)	Nature of the transactions	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.743 300,000
d)	Aggregated information -     Aggregated volume -     Price	300,000 £5,229
e)	Date of the transaction	28.11.2017
f)	Place of the transaction	London Stock Exchange, AIM

 

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