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 Andrew Dennan
| Via Vigo Communications
|
| Zeus Capital, Nominated Adviser & Broker James Joyce / James Bavister | 0203 829 5000 |
| Novum Securities, Joint Broker John Belliss / Colin Rowbury
| 0207 399 9400 |
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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