Director Appointment, Ascent Resources PLC, 2020-05-05






RNS Number : 9780L
Ascent Resources PLC
05 May 2020
 

5 May 2020

Ascent Resources plc

(“Ascent” or the “Company”)

Director Appointment

 

Ascent Resources Plc (LON: AST) the onshore European and Caribbean / Hispanic American oil and gas company, is pleased to announce that, further to the announcement on 14 April 2020 which outlined the proposed Board changes, the necessary regulatory due diligence has been completed for the appointment of Andrew Dennan.

Andrew Dennan, aged 35, has today been appointed to the Board as Chief Executive Officer.

The following details in relation to the appointment of Mr. Dennan are disclosed in accordance with Schedule 2(g) of the AIM Rules:

Current directorships:

Past directorships held within the last five years:

Nu-Oil and Gas Plc

Saffron Energy Ltd*

Coro Energy plc

Alpha Growth Plc

Baron Lux LLP

Ezilla Ltd

Apennine Energy SpA

Penton Capital Ltd*


BSD Capital Ltd*


Coro Asia Ltd


Coro Europe Ltd


Coro Energy Asia Ltd


Coro Energy Holdings Cell A Ltd


Coro Energy (Singapore) PTE Ltd


Coro Energy Bulu (Singapore) PTE Ltd


Coro Energy Duyung (Singapore) PTE Ltd


Northsun Italia SpA

* Saffron Energy Ltd, Penton Capital Ltd and BSD Capital Ltd were all dissolved with no outstanding creditors.

Mr Dennan holds 1,900,000 shares in the Company at the date of his appointment and has three year vest, five year expiry options over 1,385,894 new ordinary shares at a price of 5 pence per share.

There are no other disclosures required pursuant to Schedule 2(g) of the AIM Rules.

Enquiries:

Ascent Resources plc

Andrew Dennan

Via Vigo Communications

 

WH Ireland, Nominated Adviser & Broker

James Joyce / Chris Savidge

0207 220 1666

SP Angel, Joint Broker

Richard Hail, Caroline Rowe

 

0203 470 0470

 

 

APPENDIX:

The following details in relation to the appointment of Mr. Salvadori, aged 61, are disclosed in accordance with Schedule 2(g) of the AIM Rules:

Current directorships

Past directorships held within the last five years

Apennine Energy Spa

Northsun Italia Spa

Dana Gas Egypt

 

There are no other disclosures in accordance with Schedule 2(g) of the AIM Rules.

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END

 
 

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