FTO.L Regulatory News (FTO)

27 Jun 2006 16:30

Fortune Oil PLC27 June 2006 27 JUNE 2006 FORTUNE OIL PLC Awards under Long Term Incentive Plan (LTIP) The Board of Fortune Oil PLC (the "Company") is pleased to announce that inrespect of awards made under the Company's LTIP in June 2005 the followingDirectors and the Persons Discharging Managerial Responsibility (PDMRs) havereceived today the conditional right to receive the following numbers ofordinary shares of 1p each in the capital of the Company ("Ordinary Shares").The right to receive these shares is conditional inter alia upon the individualremaining an employee of the Group for a period of at least two further years. Name Position Number of Ordinary Shares 1. LI Ching Director 648,2832. John PEXTON Director 551,7163. Louisa HO Director 496,5504. GONG Min Director 172,4165. TIAN Jun PDMR 413,8006. YE Qing PDMR 172,4167. Sammy NG PDMR 186,200 These Ordinary Shares are currently held in the Company's Employee BenefitTrust. For Companies Act purposes, the Directors of the Company are deemed tohave a beneficial interest in shares held by the Trust. Awards of the annual bonus in shares for 2005 The Company is also pleased to announce that the following Directors and PDMRshave received today the number of Ordinary Shares as an annual bonus in sharesfrom the Company's Employee Benefit Trust. The awards have been made inaccordance with the Company's Annual Bonus Scheme. The shares were awarded ata price of 6 pence per share, the closing price of the shares on 26 June2006. Name Position Number of Ordinary Shares 1. LI Ching Director 108,0332. John PEXTON Director 91,9503. Louisa HO Director 82,7504. GONG Min Director 57,4665. TIAN Jun PDMR 68,9666. YE Qing PDMR 57,4667. Sammy NG PDMR 62,066 Directors/PDMRs Shareholding As a result of the above awards, the interests in shares (excluding shareoptions and unvested incentive shares) of the following Directors and PDMRs inthe Company have increased to the following: Name Total number of Percentage of Total number of shares Percentage of issue shares held before issued class held post award class post award the awards of the (beneficial and annual bonus in non-beneficial shares holdings) 1.LI Ching 16,174,537 0.88% 16,282,570 0.887%2.John PEXTON 237,607 0.01% 329,557 0.018%3. Louisa HO 0 0% 82,750 0.005%4. GONG Min 0 0% 57,466 0.003%5. TIAN Jun 0 0% 68,966 0.004%6. YE Qing 0 0% 57,466 0.003%7. Sammy NG 0 0% 62,066 0.003% The Company was notified of these changes of interest in shares on 27 June 2006. This announcement is intended to satisfy obligations under both the DisclosureRules 3.1.4R(1) and s.329 of the Companies Act 1985. Enquiries: Fortune Oil PLCJohn Pexton - Deputy Chief Executive Tel: 00 852 2583 3113 (Hong Kong) Pelham Public RelationsArchie Berens Tel: 020 7743 6679 or 07802 442 486 This information is provided by RNS The company news service from the London Stock Exchange