REG - Ascent Resources PLC - Grant of Share Options / PDMR Notification

Ascent ResourcesAnnouncement

28/01/2026 14:30

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RNS Number : 7791Q  Ascent Resources PLC  28 January 2026

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28 January 2026

Ascent Resources plc

("Ascent" or the "Company")

Grant of Share Options / PDMR Notification

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.

Enquiries:

 Ascent Resources plc                      info3@ascentresources.co.uk

 Jean-Michel Doublet
 Zeus, Nominated Adviser & Broker          0203 829 5000

 James Joyce / James Bavister
 Fortified Securities, Joint-Broker        0203 411 7773

 Guy Wheatley
 Shard Capital Partners LLP, Joint-Broker  0207 186 9952

 Damon Heath

 

 1                                   Details of the person discharging managerial responsibilities / person closely
                                     associated
 a)                                  Name                                              David Patterson

 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                                       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

 

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