Ascent Resources PLC Award of Options (7209V)

TIDMAST

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 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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November 07, 2017 02:00 ET (07:00 GMT)