REG - Ascent Resources PLC - Director/PDMR Shareholding

Ascent ResourcesAnnouncement

24/12/2024 07:00

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RNS Number : 1809R  Ascent Resources PLC  24 December 2024

24 December 2024

 

Ascent Resources plc

("Ascent" or the "Company")

Director / PDMR Shareholding

Ascent Resources Plc (LON: AST) announces the following indirect and direct
dealings made by Andrew Dennan, the Company's Chief Executive Officer:

On Friday, 20 December 2024 the Company was notified that C4 Energy Limited
had sold 2,173,913 Ordinary shares of £0.005 each ("Shares")in the Company at
a price of 2.2023p per Share, and as a result, now holds no shares in the
Company. Mr Dennan holds a 25% beneficial interest in C4 Energy Limited as
announced to the market on 23 April 2024 and therefore had a resulting
indirect interest in 543,478 Shares through C4 prior to their sale.

Yesterday, 23 December 2024, Mr Dennan purchased a total of 550,000 Shares in
the Company at a price of 1.9p per Share.

Following the acquisition Mr Dennan is now directly interested in 2,690,000
Shares in the Company, representing 0.98% percent of the Company's issued
ordinary share capital.

The notification below, made in accordance with the requirements of the Market
Absue regulations, provides further details.

 

Enquiries:

 Ascent Resources plc                          Via Vigo Communications

 Andrew Dennan

 Zeus Capital, Nominated Adviser & Broker      0203 829 5000

 James Joyce / James Bavister
 Novum Securities, Joint Broker                0207 399 9400

 John Belliss / Colin Rowbury

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

 1                                   Details of the person discharging managerial responsibilities / person closely
                                     associated
 a)                                  Name                                              C4 Energy Limited
 2                                   Reason for the notification
 a)                                  Position/status

                                                                                       A private Company in which Andrew Dennan (CEO of Ascent) holds a 25%
                                                                                       beneficial interest

 b)                                  Initial notification/Amendment                    Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                            Ascent Resources plc
 b)  LEI                                                             213800Q8R5GV7DLNEL37
 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                                       Sale of ordinary shares
 c)  Price(s) and volumes(s)                                         Price(s)                                    Volume(s)
                                     £0.022023                                         2,173,913

 d)  Aggregated information
     Aggregated volume                                               2,173,913
     Price                                                           £47,876.08
 e)  Date of the transaction                                         20 December 2024
 f)  Place of the transaction                                        AIMX

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                                              Andrew Dennan
 2   Reason for the notification
 a)  Position/status

                                                                                       Chief Executive Officer

 b)  Initial notification/Amendment                                                    Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Ascent Resources plc
 b)  LEI                                                          213800Q8R5GV7DLNEL37
 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                                    Purchase of ordinary shares
 c)  Price(s) and volumes(s)                                      Price(s)                                  Volume(s)
                                                                  £0.019                                    550,000

 d)  Aggregated information
     Aggregated volume                                            550,000
     Price                                                        £10,450
 e)  Date of the transaction                                      23 December 2024
 f)  Place of the transaction                                     AIMX

 

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