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.
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Ascent 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.
The 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.
The grant made to Mr Patterson is in accordance with the terms of his service agreement dated 1 July 2025.
Notifications have been made in accordance with the requirements of the UK Market Abuse Regulation and are set out below.
| a) | Name | Ascent Resources plc | |
| b) | LEI | 213800Q8R5GV7DLNEL37 | |
| 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 | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| £0.0065 | 25,000,000 | ||
| d) | Aggregated information | N/A | |
| Aggregated volume | N/A | ||
| Price | N/A | ||
| e) | Date of the transaction | 27 January 2026 | |
| f) | Place of the transaction | Outside of a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.