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Fastnet Oil & Gas (FAST)

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Friday 26 June, 2015

Fastnet Oil & Gas

Director/PDMR Shareholding

RNS Number : 3911R
Fastnet Oil & Gas PLC
26 June 2015
 

26 June 2015

Fastnet Oil & Gas plc

("Fastnet" or the "Company")

Director/PDMR Shareholding and holdings in Company

 

The Company was notified today that Raglan Road Capital Limited, a company in which Cathal Friel, Non-Executive Chairman of Fastnet, and his wife, Pamela Iyer, have a 90 per cent. Interest, has today acquired 17,308,080 ordinary shares of 3.8p each ("Ordinary Shares") at a purchase price of 4.0 pence per Ordinary Share from Predator Oil and Gas Ventures Limited.

 

As a result of the sale Predator Oil and Gas Ventures Limited no longer has a holding in the Company. Cathal Friel's revised holding following the purchase is set out below:

 

Director

Existing holding

Number of Shares purchased

Resultant holding

Percentage of issued share capital

Cathal Friel1

18,888,051

17,308,080

36,196,131

10.48

 

Note:

1.     Cathal Friel's interest in the Ordinary Shares in the Company includes 32,862,937 Ordinary Shares held by Raglan Road Capital Limited and 3,333,194 held in his own name.

 

For further information please contact:

Fastnet Oil & Gas plc

+353 (1) 644 0007

Carol Law, Chief Executive Officer


Cathal Friel, Non-Executive Chairman




Shore Capital

+44 (0) 20 7408 4090

Nomad


Bidhi Bhoma, Edward Mansfield




Corporate Broking


Jerry Keen




Davy

+353 (1) 679 6363

(ESM Adviser & Joint Broker)


John Frain, Anthony Farrell




Camarco

+44 (0) 20 3757 4980

Billy Clegg, Georgia Mann


 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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