Business
Director Options
Director Options.
About this update from Ascent Resources Plc
[{"type":"text","content":"\n \nRNS Number : 7546N Ascent Resources PLC 07 September 2011 \n \n\nAscent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas\n7 September 2011\nAscent Resources plc ('Ascent' or 'the Company')\nDirector Options\n \nAscent 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.\n \nThe options have been issued as follows: \n \n\n\n\n\n\n\n\nOptions\n\n\nExercise\n\n\nExpiry\n\n\n\n\n\n\n\nIssued\n\n\nPrice\n\n\nDate\n\n\n\n\nS. Richardson Brown \n\n\n2,500,000\n\n\n5.00p\n\n\n28/07/2016\n\n\n\n\n\n\n\n2,500,000\n\n\n12.00p\n\n\n28/07/2016\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nFollowing the issue the interests of Scott Richardson Brown are as follows: \n \n\n\n\n\n\n\n\nOptions \n\n\nExisting\n\n\nOrdinary \n\n\nTotal \n\n\n% of issued \n\n\n\n\n\n\n\nIssued\n\n\nOptions\n\n\nShares \n\n\nInterest\n\n\nCapital \n\n\n\n\nS. Richardson Brown \n\n\n5,000,000 \n\n\n2,000,000\n\n\n200,000 \n\n\n7,200,000 \n\n\n0.70%\n\n\n\n\n \n* * ENDS * *\n \nFor further information visit www.ascentresources.co.uk or contact:\n \n\n\n\n\nJeremy Eng\n\n\nAscent Resources plc\n\n\nTel: 020 7251 4905\n\n\n\n\nScott Richardson Brown\n\n\n\n\n\n\n\n\n\n\nSarah Wharry\n\n\nfinnCap Ltd (NOMAD & Broker)\n\n\nTel: 020 7600 1658\n\n\n\n\nBen Thompson\n\n\n\n\n\n\n\n\n\n\nHugo de Salis\n\n\nSt Brides Media & Finance Ltd\n\n\nTel: 020 7236 1177\n\n\n\n\nFelicity Edwards\n\n\n\n\n\n\n\n\n\n\n \nNotes:\nAscent 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 p...