News Oil & Gas

Ascent CEO in director dealings

Ascent Resources plc chief executive officer Andrew Dennan has engaged in direct and indirect share dealing in the company.

On 20 December C4 Energy Ltd sold 2,173,913 ordinary shares of £0.005 each in Ascent at 2.2023p per share for £47,876.08 and now holds no shares in the company.

Mr Dennan holds a 25% beneficial interest in C4 Energy and had a indirect interest in 543,478 shares before the sale.

On 23 December, he purchased 550,000 shares in Ascent at 1.9p per share for £10,450.

Mr Dennan is subsequently directly interested in 2,690,000 shares in the company, representing 0.98% of the issued ordinary share capital.