RNS Number : 7535I
Ascent Resources PLC
18 March 2010
Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas
18 March 2010
Ascent Resources plc ('Ascent' or 'the Company')
Director's Dealing
Ascent Resources plc, the AIM-traded oil and gas exploration and production company, announces that on 17 March 2010, Jeremy Eng, Managing Director of Ascent, exercised options over 1,000,000 ordinary shares of 0.1p each in the Company at a price of 5.0p per share. Following this purchase, Mr. Eng is interested in 4,808,557 ordinary shares in the Company, representing 0.93 per cent. of the issued share capital of the Company.
The Company is about to enter a closed period, restricting Mr. Eng's ability to exercise his remaining 9,000,000 options before they expire on 10 April 2010 - as a result, the Board of Directors has agreed to extend their exercise period to 10 July 2010.
Application has been made for these shares to be admitted to trading on AIM on 23 March 2010. Following the issue of the new shares, the Company's issued share capital will consist of 516,662,023 Ordinary Shares with voting rights.
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For further information visit www.ascentresources.co.uk or contact:
Jeremy Eng Ascent Resources plc Tel: 020 7251 4905
Simon Cunningham Ascent Resources plc Tel: 020 7251 4905
Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7236 1177
Paul Youens St Brides Media & Finance Ltd Tel: 020 7236 1177
Lindsay Mair Astaire Securities Tel: 020 7448 4400
Jerry Keen Astaire Securities (Corporate Broking) Tel: 020 7448 4492
Toby Gibbs Astaire Securities Tel: 020 7448 4400
Daniel Fox-Davies Fox-Davies Capital Ltd Tel: 020 7936 5200
James Hehn Fox-Davies Capital Ltd Tel: 020 7936 5200
Notes
Ascent Resources plc has a diversified portfolio of 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 would be offshore.
This information is provided by RNS
The company news service from the London Stock Exchange
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