19 Feb 2013 12:40
FORTUNE OIL PLC
("Fortune Oil" or "the Company")
Result of General Meeting
Fortune Oil announces that at its General Meeting held earlier today in connection with:
a. the transfer of the Company's equity share listing on the Official List of the UKLA and on the Main Market of London Stock Exchange plc from a premium listing (commercial company) to a standard listing (shares); and
b. the disposal of Fortune Oil's Natural Gas Business ("the Disposal");
the two resolutions set out in the Notice of General Meeting were approved by shareholders on a show of hands.
Following shareholder approval, the transfer of listing category will become effective on 20 March 2013 and completion of the Disposal will be subject to satisfaction (or waiver) of the Conditions as set out in the Circular, with such completion occuring ten business days following satisfaction (or waiver) of the last Condition (or such later date as the Sellers and Purchaser may agree in writing).
The results of the proxy votes will be available on the Company's website, www.fortune-oil.com
Pursuant to Listing Rule 9.6.2 R, a copy of the resolutions has been submitted to the UK Listing Authority's National Storage Mechanism and can be viewed on www.morningstar.co.uk/uk/nsm
Defined terms in this announcement have the same meaning as those in the Circular posted to shareholders on 1 February 2013.
For further details:
Fortune Oil PLC |
|
Tee Kiam Poon, Chief Executive | Tel: 00 852 2583 3125 (Hong Kong) |
Bill Mok, Chief Financial Officer | Tel: 00852 2583 3120 (Hong Kong) |
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Pelham Bell Pottinger |
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Archie Berens | Tel: 020 7861 3112 |