Grant of Options

RNS Number : 4714W

Ascent Resources PLC

19 November 2010

 



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

19 November 2010

Ascent Resources plc ('Ascent' or 'the Company')

Directors Options

Ascent Resources plc, the AIM-traded oil and gas exploration and production company announces that it has issued options over a total of 13.5 million new ordinary shares in the Company.  The options represent in aggregate 2.61% of the existing issued share capital and have been issued on the following basis: Directors 2.52%; and Management 0.10%.  The options are exercisable from 17 November 2011 to 17 November 2015.

 The options for the Directors have been issued as follows:

	Options	Exercise	Expiry
	Issued	Price	Date
J. Eng	5,000,000	7.313p	17/11/2015
	5,000,000	15.00p	17/11/2015
J. Kenny	500,000	7.313p	17/11/2015
	500,000	15.00p	17/11/2015
N. Moore	500,000	7.313p	17/11/2015
	500,000	15.00p	17/11/2015
C. Davies	500,000	7.313p	17/11/2015
	500,000	15.00p	17/11/2015

Following the issue the interests of the Directors are as follows:

	Options	Existing	Ordinary	Total	% of issued
	Issued	Options	Shares	Interest	Capital
J. Eng	10,000,000	-	5,508,372	15,508,372	3.00%
J. Kenny	1,000,000	-	700,000	1,700,000	0.33%
N. Moore	1,000,000	500,000	119,500	1,619,500	0.31%
C. Davies	1,000,000	-	-	1,000,000	0.19%

* * ENDS * *

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

Jeremy Eng	Ascent  Resources plc	Tel: [phone]
Simon Cunningham	Ascent  Resources plc	Tel: [phone]
Sarah Wharry	finnCap Ltd	Tel: [phone]
Henrik Persson	finnCap Ltd	Tel: [phone]
Hugo de Salis	St Brides Media & Finance Ltd	Tel: [phone]

Notes

Ascent Resources plc has a diversified portfolio of hydrocarbon exploration and development interests across five countries in Europe: Italy, Switzerland, Hungary, Slovenia and Netherlands.  Its portfolio contains a solid base of field redevelopment projects with selected exposure to exploration upside.  The portfolio is focussed on gas and with the exception of the shallow water Netherlands project, all of its projects are located onshore where operating and development costs are substantially lower than they would be offshore.

 

END

 

 

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