Ascent Resources plc announced that in recognition of the company's current funding position, management changes are being implemented with a view to conserving the Company's funding, in particular until the IPPC permit is awarded in final form. The principal change is that Len Reece, Ascent's CEO over the past 3 years, resigned as a Director of the Company on 14th August 2015 and the Company has commenced a redundancy process in relation to his role as CEO.
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- Ascent Resources plc Announces Resignation of Len Reece as Director and Commences Redundancy Process in Relation the Role as CEO