29 Sep 2009 16:35
29 September 2009
FORTUNE OIL PLC
("Fortune Oil" or "the Company")
Sale of Directors' shares and Directors' shareholdings
On 24 September 2009, two Directors exercised options over ordinary shares of 1 pence each in the Company ("Shares") and the 8,000,000 Shares allotted as a result were allotted to Pershing Nominees Limited as nominee.
Fortune Oil today received notification that certain of these Shares were sold at an average price of 8.3035 pence per share as follows:
| Directors/PDMRs | Number of Shares sold |
| TIAN, Jun | 1,631,250 |
| Louisa HO | 2,718,750 |
| 4,350,000 |
Following these transactions, each director has the interest in Shares as follows:
| Directors/ | Existing Share holding | Percentage of issued class | Shares in Pershing Nominees Limited (direct interest) | Percentage of issued class | Total percentage of issued class |
| TIAN, Jun | 482,766 | 0.025% | 1,368,750 | 0.071% | 0.096% |
| Louisa HO | 579,330 | 0.030% | 2,281,250 | 0.118% | 0.148% |
Mr Tian also has indirect holdings of the Long Term Incentive Plan (LTIP) Shares; both vested and unvested, through awards of shares under the Senior Executive Incentive Plan in the Company.
| Director/PDMR | LTIP Shares vested in respect of the 2006 awards and held in the Employee Benefit Trust ("EBT") | Shares unvested and held in the EBT | Percentage of issued class |
| TIAN Jun | 535,703 | 173,370 | 0.037% |
In respect of all the Directors named above, these notifications are made in accordance with DTR 3.14R(1)(a) and (c) of the Disclosure and Transparency Rules.
Enquiries:
Fortune Oil PLC
John Pexton, Deputy Chief Executive Tel: 00 852 2583 3113 (Hong Kong)
Pelham Public Relations
Archie Berens Tel: 020 7337 1509 or 07802 442 486