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Fastnet Oil & Gas (FAST)


Monday 16 December, 2013

Fastnet Oil & Gas

Result of General Meeting

RNS Number : 6192V
Fastnet Oil & Gas PLC
16 December 2013

16 December 2013

Fastnet Oil & Gas plc

("Fastnet" or the "Company")

Result of General Meeting

Further to the announcement on 27 November 2013 in relation to the placing ("Placing") of new ordinary shares ("Placing Shares") in the Company to raise approximately £10.0 million and the despatch of a related shareholder circular, Fastnet (AIM: FAST, ESM: FOI), the listed E&P company focused on near term exploration acreage in Morocco and the Celtic Sea, is pleased to announce that all resolutions proposed at the General Meeting of the Company held earlier today were duly approved.

As a result, the Placing has become unconditional other than in respect of admission of the Placing Shares to trading on AIM. Application has been made for admission to trading on AIM and the ESM of 71,428,578 Placing Shares. Admission of the Placing Shares on AIM and the ESM is expected to become effective at 8.00 a.m. on Tuesday 17 December 2013, following which the total number of voting rights in the capital of the Company will be 345,369,071 ordinary shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Fastnet under the FCA's Disclosure and Transparency Rules.

Unless otherwise defined herein, defined terms used in this announcement have the meaning given to them in the shareholder circular published on 27 November 2013.

For further information, please contact:


Fastnet Oil & Gas plc

Cathal Friel, Chairman

Paul Griffiths, Managing Director

+353 (1) 644 0007

Shore Capital

(Nominated Adviser & Joint Broker)


Bidhi Bhoma

Edward Mansfield


Corporate Broking

Jerry Keen


+44 (0)20 7408 4090


GMP Securities Europe LLP

(Joint Broker)

Rob Collins


+44 (0)20 7467 2800


(ESM Adviser & Joint Broker)

John Frain

Anthony Farrell


+353 (1) 679 6363

FTI Consulting

Edward Westropp

Natalia Erikssen

James Styles

+44 (0)207 831 3113




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

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