REG - Ascent Resources PLC - Special Bonus Award - Related Party Transaction

Ascent ResourcesAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260327:nRSa3371Ya&default-theme=true

RNS Number : 3371Y  Ascent Resources PLC  27 March 2026

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY IN THE
UNITED STATES, CANADA, JAPAN, SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN
WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. ANY FAILURE TO
COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF APPLICABLE
SECURITIES LAWS. PLEASE SEE THE SECTION ENTITLED "IMPORTANT INFORMATION"
TOWARDS THE END OF THIS ANNOUNCEMENT.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION
(EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY
VIRTUE OF THE EU (WITHDRAWAL) ACT 2018 ("MAR"). UPON THE PUBLICATION OF THIS
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS
NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

27 March 2026

Ascent Resources plc

("Ascent" or the "Company")

Special Bonus Award - Related Party Transaction

Ascent Resources Plc (LON: AST), the onshore US focused oil and gas company,
announces that, following the announcement of 24 March 2026 regarding the
execution of the Exclusive Access & Use Licence Agreement (the "Licence
Agreement") with Utah Brine Corporation, the Board has approved a one-off
success-based bonus, as part of their remuneration arrangements,  to certain
directors and one member of the senior management team.

The bonus comprises the allocation of a total of 784,000 options over
Neometals Limited (NMT.AX) being 196,000 Neometals Ltd share options to each
of recipients, including the following directors:

·    Jean-Michel Doublet (Non-Executive Chairman)

·    David Bullion (Non-Executive Director)

·    Dave Patterson (Chief Executive Officer and Director)

This represents 4% each of the 4,900,000 Neometals Ltd share options granted
to the Company under the Licence Agreement. The bonus is non-cash, funded
entirely from the Neometals share option package received by Ascent, and does
not result in any additional dilution to Ascent's shareholders.

Related Party Transaction

Each of the directors named above is a related party under AIM Rule 13. The
bonus therefore constitutes a related party transaction.

Mr Edouard Etienvre, the only director independent of the transaction,
considers that the terms of the bonus are fair and reasonable insofar as the
Company's shareholders are concerned.

 

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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IOEGZGZFNVGGVZM



            Copyright 2019 Regulatory News Service, all rights reserved