Last checked at 7 Sep 2011 07:01
Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas
7 September 2011
Ascent Resources plc ('Ascent' or 'the Company')
Director Options
Ascent Resources plc, the AIM-traded European oil and gas exploration and production company, announces that it has today issued options over a total of 5 million new ordinary shares in the Company. The options represent in aggregate 0.49% of the existing issued share capital. The options are exercisable from 30 June 2012 to 7 September 2016 and were issued following the Company exiting a close period. These options relate to a contractual review due after six months employment on 30 June 2011 for Scott Richardson Brown.
The options have been issued as follows:
Options | Exercise | Expiry | |
Issued | Price | Date | |
S. Richardson Brown | 2,500,000 | 5.00p | 28/07/2016 |
2,500,000 | 12.00p | 28/07/2016 | |
Following the issue the interests of Scott Richardson Brown are as follows:
Options | Existing | Ordinary | Total | % of issued | |
Issued | Options | Shares | Interest | Capital | |
S. Richardson Brown | 5,000,000 | 2,000,000 | 200,000 | 7,200,000 | 0.70% |
* * ENDS * *
For further information visit www.ascentresources.co.uk or contact:
Jeremy Eng | Ascent Resources plc | Tel: 020 7251 4905 |
Scott Richardson Brown | ||
Sarah Wharry | finnCap Ltd (NOMAD & Broker) | Tel: 020 7600 1658 |
Ben Thompson | ||
Hugo de Salis | St Brides Media & Finance Ltd | Tel: 020 7236 1177 |
Felicity Edwards |
Notes:
Ascent Resources plc has a diversified portfolio of hydrocarbon exploration and development interests across five countries in Europe: Slovenia, Hungary, Italy, Switzerland, 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.