Business
Options Issue
Options Issue.
About this update from Ascent Resources Plc
[{"type":"text","content":"\n RNS Number : 0849C Ascent Resources PLC 06 November 2009 \n \nAscent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas\n6 November 2009\nAscent Resources plc ('Ascent' or 'the Company')\nGrant of Options\n \nAscent Resources plc, the AIM-traded oil and gas exploration and production company, has granted Finance Director Simon Cunningham, on the first anniversary of his engagement, 1,000,000 options to subscribe for new ordinary shares of 0.1 pence each in the Company at 7.625p per share. The options to acquire new ordinary shares in the Company are exercisable from 1 October 2010 until 1 October 2014.\n\nFollowing the grant of these options, the total number of options over ordinary shares in the Company held by Mr Cunningham was 2,000,000, representing 0.53% of the issued share capital of the Company.\n\n* * ENDS * *\n\nFor further information visit www.ascentresources.co.uk or contact:\n\n\n\n\nJeremy Eng\n\n\nAscent Resources plc\n\n\nTel: 020 7251 4905\n\n\n\n\nHugo de Salis\n\n\nSt Brides Media & Finance Ltd\n\n\nTel: 020 7236 1177\n\n\n\n\nMax Hartley\n\n\nCenkos Securities plc \n\n\nTel: 020 7397 8924\n\n\n\n\n\n\nNotes\nAscent Resources plc has a diversified portfolio of some 20 hydrocarbon exploration and development projects across five countries in Europe: Italy, Switzerland, Hungary, Slovenia and Netherlands. Ascent's 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 project, all of its projects are located onshore where operating and development costs are substantially lower than they are offshore. Ascent also has an oil and gas asset management joint venture with San Severina Holdings SA, a Swiss based investment company, which is focused on acquiring minority interests and providing investment funding for producing and development or appraisal stage oil and gas projects.\nThis information is provided by RNSThe company news service from the London Stock Exchange END RDSFSMEFISUSED...