FTO.L Regulatory News (FTO)

21 Jun 2007 18:11

Fortune Oil PLC21 June 2007 21 JUNE 2007 FORTUNE OIL PLC ("Fortune Oil"or the "Company") Awards under Long Term Incentive Plan (LTIP) to Directors and PDMRs The Board of Fortune Oil is pleased to announce that under the Company's LTIPthe following Directors and the Persons Discharging Managerial Responsibility(PDMRs) have today been awarded the conditional right to receive the followingnumbers of ordinary shares of 1p each ("Ordinary Shares") in the capital of theCompany. 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 years from thedate of this award. The LTIP awards require no payment by the individual recipients. Awards were made based upon the notional bonus awarded in June 2006 and a priceof 6.4 pence per ordinary shares, which was the market price at close ofbusiness on 20 June 2007. Name Position Number of Ordinary Shares 1. LI Ching Director & PDMR 642,8562. John PEXTON Director & PDMR 535,7033. GONG Min Director & PDMR 334,8124. TIAN Jun PDMR 535,7035. Sammy NG PDMR 361,5936 YE Qing PDMR 334,812 These Ordinary Shares are currently held in the Company's Employee Benefit Trust(the "Trust") for Companies Act purposes, the Directors of the Company aredeemed to have a beneficial interest in shares held by the Trust. Directors/PDMRs Shareholding As a result of the above awards, the interests in shares of the followingDirectors and PDMRs in the Company have increased to the following: Name Number of Percentage Number of Number of Number of Total shares held of issued Shares Shares shares Percentage of in the class unvested and unvested and including issued class Company held in the held in the unvested Trust from Trust from shares, held previous this award in the Trust awards 1. LI Ching 16,282,570 0.887% 648,283 642,856 17,573,709 0.957% 2. John 329,557 0.018% 551,716 535,703 1,416,976 0.077%PEXTON 3. GONG Min 57,466 0.003% 172,416 334,812 564,694 0.031% 4. TIAN Jun 68,966 0.004% 413,800 535,703 1,018,469 0.055% 5.Sammy NG 62,066 0.003% 186,200 361,593 609,859 0.033% 6. YE Qing 57,466 0.003% 172,416 334,812 564,694 0.031% In respect of the Executive Directors named above, these notification are madein accordance with DTR 3.14R(1)(a) and (b), and in respect of the other personsdischarging managerial responsibility named above, in accordance with DTR 3.14R(1)(a) of the Disclosure and Transparency Rules. Enquiries: Fortune Oil PLCJohn Pexton, Deputy Chief Executive Tel: 00 852 2583 3113 (Hong Kong) Pelham Public RelationsArchie Berens Tel: 020 7743 6670 or 07802 442 486 This information is provided by RNS The company news service from the London Stock Exchange