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Ascent Resources ( (GB:AST) ) just unveiled an update.
Ascent Resources PLC has announced a strategic decision to issue shares to its directors and executives as a cost-saving measure, aligning their interests with those of shareholders. This move, which involves issuing 15,770,217 new ordinary shares, is expected to save the company £78,851.09 and requires shareholder approval at the upcoming AGM. Additionally, the company has awarded new options to employees, further aligning incentives with company performance.
More about Ascent Resources
Ascent Resources PLC is a company listed on the London Stock Exchange, operating within the energy sector. It focuses on the exploration and production of oil and gas resources, aiming to enhance its market position through strategic financial and operational decisions.
Average Trading Volume: 516,375
Technical Sentiment Signal: Sell
Current Market Cap: £3.13M
Learn more about AST stock on TipRanks’ Stock Analysis page.