Business
Grant of Share Options / PDMR Notification
Ascent Resources Plc has granted options over 50,000,000 ordinary shares to its senior management team, including 25,000,000 options to the Chief Executive Officer, at an exercise price of 0.65 pence per share. These options will vest in three equal tranches on July 1, 2026, July 1, 2027, and July 1, 2028, subject to continued employment, and are intended to align management interests with shareholders. The grant to the CEO is in line with his service agreement. Disclaimer*
About this update from Ascent Resources Plc
[{"type":"text","content":"\n\nNOT 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.\n \nTHIS 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.\n \n28 January 2026\nAscent Resources plc\n(\"Ascent\" or the \"Company\")\nGrant of Share Options / PDMR Notification\nAscent Resources Plc (LON: AST), the onshore US focused oil and gas company, announces that it has granted options over a total of 50,000,000 ordinary shares of £0.005 each in the Company (\"Ordinary Shares\") to members of the senior management team, including 25,000,000 options to its Chief Executive Officer, under individual share option agreements.\nThe options have an exercise price of 0.65 pence per Ordinary Share and will vest in three approximately equal tranches on 1 July 2026, 1 July 2027 and 1 July 2028, 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. The grant is intended to align the interests of the senior management team with those of shareholders.\nThe grant made to Mr Patterson is in accordance with the terms of his service agreement dated 1 July 2025.\nNotifications have been made in accordance with the requirements of the UK Market Abuse Regulation and are set out below.\nEnquiries:\n\n\n\n\nAscent Resources plc\nJean-Michel Doublet\n\n\[email protected]\n \n\n\n\n\nZeus, Nominated Adviser & Broker\nJames Joyce / James Bavister\n\n\n0203 829 5000\n\n\n\n\nFortified Securities, Joint-Broker\nGuy Wheatley\n\n\n0203 411 7773\n\n\n\n\nShard Capital Partners LLP, Joint-Broker\nDamon He...