Grant of Share Options / PDMR Notification

Ascent Resources PLC

28 January 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.

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 Jean-Michel Doublet	[e-mail]
Zeus, Nominated Adviser & Broker James Joyce / James Bavister	0203 829 5000
Fortified Securities, Joint-Broker Guy Wheatley	0203 411 7773
Shard Capital Partners LLP, Joint-Broker Damon Heath	0207 186 9952

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

 

END