ASCENT RESOURCES PLC

Remuneration Information • Nov 11, 2022

National Storage Mechanism | Additional information

RNS Number : 2065G

Ascent Resources PLC

11 November 2022

11 November 2022

Ascent Resources plc

("Ascent" or the "Company")

Option Awards

Ascent Resources Plc (LON: AST), the onshore Hispanic American and European focussed energy and natural resources company, announces an award of options.

The Company announces the grant of an aggregate of 4,600,000 options over Ordinary shares of the Company to certain employees. Of the total options awarded the Executive Chairman and the Chief Executive Officer were each awarded options over 1,500,000 Ordinary shares and the Non-Executive Directors were each awarded options over 500,000.

The five year options were granted on 11 November 2022 and have a three year vesting period and entitle each holder to exercise at a price of 5p.  The performance vesting criteria for the options is the execution of a cash generating ESG Metals transaction consistent with the Company's strategy.

The Board has awarded the following options:

	Award	Strike Price	Expiry Date
James Parsons	1,500,000	£0.05	10 November 2027
Andrew Dennan	1,500,000	£0.05	10 November 2027
Malcolm Graham Wood	500,000	£0.05	10 November 2027
Stephen Birrell	500,000	£0.05	10 November 2027

Following the grant of options, the resultant Directors' shareholdings are as follows:

Directors	Ordinary shares	% of Issued Share Capital	Options
James Parsons	500,900	0.369	2,885,894
Andrew Dennan	2,140,000	1.578	2,885,894
Malcolm Graham Wood	0		500,000
Stephen Birrell	0		500,000

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		1.    James Parsons 2.    Andrew Dennan 3.    Malcolm Graham-Wood 4.    Stephen Birrell
2	Reason for the notification
a)	Position/status		1.    PDMR (Executive Chairman) 2.    PDMR (Chief Executive Officer) 3.    PDMR (Non-executive Director) 4.    PDMR (Non-Executive Director)
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)
1.    £0.05 2.    £0.05 3.    £0.05 4.    £0.05		1.    1,500,000 2.    1,500,000 3.    500,000 4.    500,000
d)	Aggregated information	N/A
	Aggregated volume	N/A
	Price	£0.05
e)	Date of the transaction	11 November 2022
f)	Place of the transaction	Outside of a trading venue

Enquiries:

Ascent Resources plc Andrew Dennan	Via Vigo Communications
WH Ireland, Nominated Adviser & Broker James Joyce / Sarah Mather	0207 220 1666
Novum Securities, Joint Broker Jon Belliss	0207 399 9400

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