TIDMFAST

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        Number of       Resultant      Percentage 
                      holding     Shares purchased     holding       of issued 
                                                                   share capital 
-----------------  -----------  ------------------  -----------  --------------- 
 Cathal Friel(1)    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:

 
                                  +353 (1) 644 
 Fastnet Oil & Gas plc             0007 
 Carol Law, Chief Executive 
  Officer 
 Cathal Friel, Non-Executive 
  Chairman 
 
                                  +44 (0) 20 
 Shore Capital                     7408 4090 
 Nomad 
 Bidhi Bhoma, Edward Mansfield 
 
 Corporate Broking 
 Jerry Keen 
 
                                  +353 (1) 679 
 Davy                              6363 
 (ESM Adviser & Joint 
  Broker) 
 John Frain, Anthony Farrell 
 
                                  +44 (0) 20 
 Camarco                           3757 4980 
 Billy Clegg, Georgia 
  Mann

This information is provided by RNS

The company news service from the London Stock Exchange

END

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