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Fortune Oil Share Chat (FTO)



Share Price: 8.81Bid: 8.83Ask: 9.00Change: 0.00 (0.00%)No Movement on Fortune Oil
Spread: 0.17Spread as %: 1.93%Open: 9.01High: 9.01Low: 8.81Yesterday’s Close: 8.81


Share Discussion for Fortune Oil (FTO)


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Del44
Posts: 1,722
Off Topic
Opinion:No Opinion
Price:8.48
MOFCOM APPROVAL GRANTED
12 Aug '13
China Gas Holdings Limited informed the Company that the MOFCOM regulatory approval had been obtained. It is anticipated that completion of the FGIH Transaction will occur after all of the normal handover procedures have been completed.
 
croke
Posts: 53
Off Topic
Opinion:No Opinion
Price:8.48
del44
12 Aug '13
Del thank you for your help. Will phone nat west stockbrokers this morning.
Del44
Posts: 1,722
Off Topic
Opinion:No Opinion
Price:8.48
croke
11 Aug '13
I would inform your broker indeed and clarify your position regarding drips...
However you may not qualify as I am thinking you are not a named shareholder if it is paperless???
To qualify you need to be the named shareholder......but check with your broker on this matter...
croke
Posts: 53
Answer
Opinion:No Opinion
Price:8.48
del44
11 Aug '13
thank you del I have found the page. I am a private investor. I do my dealing with NatWest stockbrokers on line. they hold my paperless shares. do I inform them to do the drips for me they do with all my other shares I do not have to notify them as I have ticked the box to do this with all my shares. fto does not come up in the reinvestment box to tick.
Del44
Posts: 1,722
Off Topic
Opinion:No Opinion
Price:8.48
croke
11 Aug '13
Go to company website..click on reports...then click on reports and accounts

On page 121 of the 2012 annual results you will find information on DRIPS....

Dividend Reinvestment Plan (DRIP)
The Company offers a dividend reinvestment plan to
registered shareholders as a cost-efficient way of increasing
their shareholding by using cash dividends under a standing
election to buy additional shares in the Company. The
DRIP is administered by Capita IRG Trustees Ltd (“CIRGT”).
CIRGT will instruct the broker to buy shares on the dividend
payment date at the then current market price. Any cash left
over which is insufficient to purchase a whole share will be
carried forward and held, without interest, in a client money
bank account. The DRIP commission charged to the
shareholder is 1% of the purchase price of the shares, with
a minimum charge of £2.50. This is exclusive of stamp duty
reserve tax at 0.5% of the deal value.
Should shareholders wish to participate in the DRIP,
please contact the Registrar on 0871 664 0381 (calls cost
10p per minute plus network extras. Lines are open from
9am-5.30pm, Monday-Friday) or; if calling from overseas,
+ 44 20 8639 3402; alternatively you can email
shares@capitaregistrars.com

Hope that helps...
croke
Posts: 53
Observation
Opinion:No Opinion
Price:8.48
del44
11 Aug '13
could you please let me know how to do this as I got money and it was sent to my account. I looked at fto web site to see if this is possible and it seemed you could not. also my dealing account automatically does drips if I vote to do this and for fto it does not show that they do drips.
Del44
Posts: 1,722
Off Topic
Opinion:No Opinion
Price:8.48
croke
10 Aug '13
They do!!
I got last years dividend in shares...
croke
Posts: 53
Answer
Opinion:No Opinion
Price:8.48
drip
10 Aug '13
I am not sure that fto do drip.
Del44
Posts: 1,722
Off Topic
Opinion:No Opinion
Price:8.48
Palmas
9 Aug '13
I think once you opt for DRIP it will not change unless you consent..
So unless you have made an alteration to your account it should be paid in DRIP...
But it is a good question and worth getting financial advice on as I can not be 100% certain on this issue..
Good Luck and let me know if you hear anything for definite...
Thanks..
Palmas
Posts: 2
Question
Opinion:No Opinion
Price:8.17
DRIP
9 Aug '13
Does anyone know if the Special Dividend will be issued in extra shares for someone who has signed up to the DRIP scheme?



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