26 Jun 2015 14:45
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 |