FTO.L Regulatory News (FTO)

13 Jul 2005 17:11

Fortune Oil PLC13 July 2005 FORTUNE OIL PLC Director's options and sale of shares Fortune Oil PLC ("Fortune Oil" or "the Company") yesterday received notificationthat Mr Trevor Bedford, a non-executive director of the Company, has exercised his option over 1,500,000 ordinary shares of 1 pence each in the Company("Shares") to buy Shares at 2.75 pence each, pursuant to the Company's 1990Unapproved Share Option Scheme and subsequently today sold the same 1,500,000Shares at 6.2567 pence each.Following these transactions, Mr Bedford still retains an interest in 1,353,055 ordinary shares, representing 0.07% of the issued share capital of the Company. Director's interest in shares Fortune Oil was also notified yesterday that on 8 July 2005, Ms Li Ching, anexecutive director of the Company, purchased 1,300,000 Shares (representing0.07% of the issued share capital) at a price of 6.5 pence per share throughHSBC Investment PLC in which Ms Li has a beneficial interest. Ms Li now holds a total of 16,174,537 ordinary shares representing 0.88% of theissued share capital of the Company. 13 July 2005 ENQUIRIES Fortune Oil PLCBruce McGowan Tel: 020 7824 8411 (UK)Executive Vice-Chairman John Pexton Tel: 00 852 2802 8300 (Hong Kong)Deputy Chief Executive Officer ICIS Limited Tel: 020 7651 8688Archie Berens This information is provided by RNS The company news service from the London Stock Exchange