Ascent Resources PLC Director/PDMR Shareholding (7868X)

TIDMAST

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      Ordinary shares of 0.2p each 
 
       Identification code 
                                                                        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                                          300,000 
                                                                         GBP5,229 
 
         *    Price 
---  ---------------------------------------------------------------  ------------------------------ 
 e)   Date of the transaction                                          28.11.2017 
---  ---------------------------------------------------------------  ------------------------------ 
 f)   Place of the transaction                                         London Stock Exchange, AIM 
---  ---------------------------------------------------------------  ------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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November 29, 2017 02:01 ET (07:01 GMT)