RNS Number:2886W
Ascent Resources PLC
30 December 2005
Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas
30th December 2005
Ascent Resources plc ("Ascent" or "the Company")
Organisational Changes and Issue of Equity
Ascent Resources plc, the AIM traded oil and gas exploration and production
company, announces that it has made a number of organisational changes following
its recent Board of Directors meeting.
With the appointment of John Kenny as non executive Chairman from 1 January
2006, Jonathan Legg, currently a non-executive director, will become an
executive director. Additionally, an executive committee is to be convened
comprising Jeremy Eng (Managing Director), Malcolm Groom (Director) and Jonathan
Legg (Director).
John Kenny has subscribed to 100,000 new shares of the Company at a price of
10.5p. Furthermore, John Kenny and Jonathan Legg have been issued options to
subscribe for 500,000 new shares of the Company at a price of 10.5p exercisable
between the first and fifth anniversaries of issue.
In lieu of payment for services rendered, director Malcolm Groom has been issued
with 497,705 ordinary shares, ENVOI Limited with 37,500 ordinary shares and JSI
Services limited with 37,500 ordinary shares.
Windsor Petroleum Inc., under the terms of a Service Contract that provides
Philip Paris's services as a technical advisor to the Company's Spanish assets,
has been issued options to subscribe for 500,000 new shares of the Company at a
price of 10.5p exercisable on or before 1 January 2008.
Ascent stock quotes
Ascent stock charts
Follow this thread
