9 Jun 2011 10:06
9 June 2011
FORTUNE OIL PLC
("Fortune Oil" or the "Company")
Grant of Option
Fortune Oil has today, as part of the compensation arrangements with Morgan Stanley & Co. International plc ("MSI") including Morgan Stanley Asia Limited for providing certain financing and advisory services to the Company and its affiliates, granted MSI an option to subscribe for 16,027,957 (representing 0.80% of the issued share capital of the Company) new ordinary shares of 1p each in the Company at an exercise price of 15.2653p per share. The option is exercisable at any time up to 8 June 2013.
For further details:
Fortune Oil PLC Tee Kiam Poon Premal Shah |
Tel: 00 852 2583 3125 Tel: 00 852 2583 3120
|
Pelham Bell Pottinger Archie Berens / Zoe Sanders |
Tel: 020 7861 3112 |
FTO.L (FTO)