Ascent Resources PLC Award of Options (3613X)
May 05 2016 - 6:00AM
UK Regulatory
TIDMAST
RNS Number : 3613X
Ascent Resources PLC
05 May 2016
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
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Clive Carver 13,985,884
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Nigel Moore 6,992,942
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Cameron Davies 6,992,942
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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
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Stockdale Securities Limited,
Nominated Adviser
Alastair Stratton
Edward Thomas
Richard Johnson 0207 601 6100
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IFC Advisory Ltd, Financial
PR and IR
Graham Herring
Tim Metcalfe
Heather Armstrong 0203 053 8671
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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