5 May 2016 11:00
5 May 2016
Ascent Resources plc
("Ascent" or "the Company")
Award of Options
Ascent Resources plc, the AIM quoted European oil and gas exploration and production company is pleased to announce that on 5 May 2016, 71,328,006 new options were granted exercisable at 1.58 pence, the closing mid-market price on 4 May 2016. This is the first award of options since April 2013.
The recipients include Directors of the Company as follows:
Colin Hutchinson | 34,964,709 |
Clive Carver | 13,985,884 |
Nigel Moore | 6,992,942 |
Cameron Davies | 6,992,942 |
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 only options currently held by Directors are exercisable at 20 pence and were awarded in April 2013; the recipients are summarised below:
Colin Hutchinson | 265,688 |
Clive Carver | 1,328,443 |
Enquiries:
Ascent Resources plc Clive Carver, Chairman Colin Hutchinson, CEO
| 0207 251 4905
|
Stockdale Securities Limited, Nominated Adviser Alastair Stratton Edward Thomas Richard Johnson
| 0207 601 6100 |
IFC Advisory Ltd, Financial PR and IR Graham Herring Tim Metcalfe Heather Armstrong
| 0203 053 8671 |
Ascent Resources (AST)