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Ascent Resources plc announced that C4 Energy Limited, a company where CEO Andrew Dennan holds a 25% beneficial interest, sold 2,173,913 ordinary shares at 2.2023p per share on 20 December 2024, leaving C4 Energy Limited with no shares in the company. On 23 December 2024, Andrew Dennan purchased 550,000 Ascent shares at 1.9p per share. Following these transactions, Mr. Dennan is directly interested in 2,690,000 shares, representing 0.98% of Ascent's issued ordinary share capital.
| Date | 24 Dec 2024 |
| Time | 07:00:05 |
| Category | Director/PDMR dealings |
| ID | 1809R |
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:
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Ascent Resources plc Andrew Dennan
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Via Vigo Communications
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Zeus Capital, Nominated Adviser & Broker James Joyce / James Bavister |
0203 829 5000 |
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Novum Securities, Joint Broker John Belliss / Colin Rowbury
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0207 399 9400 |
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
C4 Energy Limited |
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2 |
Reason for the notification |
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a) |
Position/status |
A private Company in which Andrew Dennan (CEO of Ascent) holds a 25% beneficial interest
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Ascent Resources plc |
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b) |
LEI |
213800Q8R5GV7DLNEL37 |
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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 |
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a) |
Description of the financial instrument, type of instrument |
Ordinary shares of £0.005 each |
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Identification code |
GB00BJVH7905 |
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b) |
Nature of the transaction |
Sale of ordinary shares |
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c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
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£0.022023 |
2,173,913
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d) |
Aggregated information |
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Aggregated volume |
2,173,913 |
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Price |
£47,876.08 |
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e) |
Date of the transaction |
20 December 2024 |
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f) |
Place of the transaction |
AIMX |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Andrew Dennan |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Executive Officer
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Ascent Resources plc |
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b) |
LEI |
213800Q8R5GV7DLNEL37 |
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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 |
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a) |
Description of the financial instrument, type of instrument |
Ordinary shares of £0.005 each |
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Identification code |
GB00BJVH7905 |
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b) |
Nature of the transaction |
Purchase of ordinary shares |
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c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
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£0.019
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550,000
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d) |
Aggregated information |
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Aggregated volume |
550,000 |
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Price |
£10,450 |
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e) |
Date of the transaction |
23 December 2024 |
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f) |
Place of the transaction |
AIMX |
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