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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY IN THE UNITED STATES, CANADA, JAPAN, SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF APPLICABLE SECURITIES LAWS. PLEASE SEE THE SECTION ENTITLED "IMPORTANT INFORMATION" TOWARDS THE END OF THIS ANNOUNCEMENT.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE OF THE EU (WITHDRAWAL) ACT 2018 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
16 March 2026
Ascent Resources plc
("Ascent" or the "Company")
Grant of Share Options / PDMR Notification
Ascent Resources Plc (LON: AST), the onshore US focused oil and gas company, announces that it has granted options over a total of 30,000,000 ordinary shares of £0.005 each in the Company ("Ordinary Shares"), including 15 million to the Non Executive Chairman and 15 million to a Non Executive Director, under individual share option agreements.
The options have an exercise price of 0.65 pence per Ordinary Share and will vest in three approximately equal tranches on 12 March 2027, 12 March 2028 and 12 March 2029, subject to continued service (or accelerated vesting in the case of a good leaver cessation, including death). Each tranche has an exercise period of five years from its vesting date.
The options are not subject to performance conditions beyond continued service, but have an exercise price at a premium to the current share price which aligns the interests of the directors with those of shareholders as the share price is likely to be a proxy for operational performance.
Notifications have been made in accordance with the requirements of the UK Market Abuse Regulation and are set out below.
Enquiries:
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Ascent Resources plc Jean-Michel Doublet |
info3@ascentresources.co.uk
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Zeus, Nominated Adviser & Broker James Joyce / James Bavister |
0203 829 5000 |
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Fortified Securities, Joint-Broker Guy Wheatley |
0203 411 7773 |
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Shard Capital Partners LLP, Joint-Broker Damon Heath |
0207 186 9952 |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Jean-Michel Doublet
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2 |
Reason for the notification |
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a) |
Position/status |
Non Executive Chairman
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Ascent Resources plc |
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b) |
LEI |
213800Q8R5GV7DLNEL37 |
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4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument |
Ordinary shares of £0.005 each |
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Identification code |
GB00BJVH7905 |
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b) |
Nature of the transaction |
Award of Options |
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c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
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£0.0065
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15,000,000
|
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d) |
Aggregated information |
N/A |
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Aggregated volume |
N/A |
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Price |
N/A |
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e) |
Date of the transaction |
13 March 2026 |
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f) |
Place of the transaction |
Outside of a trading venue |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Edouard Etienvre
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2 |
Reason for the notification |
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a) |
Position/status |
Non Executive Director
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b) |
Initial notification/Amendment |
Initial Notification |
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|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|
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|
a) |
Name |
Ascent Resources plc |
|
|||
|
b) |
LEI |
213800Q8R5GV7DLNEL37 |
|
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|
4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|
||||
|
a) |
Description of the financial instrument, type of instrument |
Ordinary shares of £0.005 each |
|
|||
|
|
Identification code |
GB00BJVH7905 |
|
|||
|
b) |
Nature of the transaction |
Award of Options |
|
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|
c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
|
||
|
£0.0065
|
15,000,000
|
|
||||
|
d) |
Aggregated information |
N/A |
|
|||
|
|
Aggregated volume |
N/A |
|
|||
|
|
Price |
N/A |
|
|||
|
e) |
Date of the transaction |
13 March 2026 |
|
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|
f) |
Place of the transaction |
Outside of a trading venue |
|
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