12 Feb 2013 07:00
12 February 2013
Fortune Oil PLC
("Fortune Oil" or "the Company")
Approval of Proposed Transaction by China Gas Holdings
Fortune Oil is pleased to announce that shareholders in China Gas Holdings Limited approved the Proposed Transaction on 8 February 2013, with 99.96% of the votes cast in favour of the appropriate resolutions. As such, this condition to the Share Purchase Agreement has now been satisfied.
All definitions in this announcement have the same meaning as those in the Circular posted to shareholders on 1 February 2013. A copy of the Circular is available on the Company's website www.fortune-oil.com. The Circular has also been lodged on the National Storage Mechanism and can be viewed on www.morningstar.co.uk/uk/NSM.
For further information please contact:
Fortune Oil PLC Tee Kiam Poon - Chief Executive Bill Mok - Chief Financial Officer |
Tel: 00 852 2583 3125 Tel: 00 852 2583 3120
|
Oriel Securities (Sponsor and broker) Michael Shaw Stewart Wallace
|
Tel: 00 44 207 710 7600
|
BNP Paribas (Financial Adviser) London office: Paul Staples Kenny Yau Hong Kong office: Kenneth Quinn
|
Tel: 00 44 20 7595 1000
Tel: 00 852 2909 8888 |
Pelham Bell Pottinger Archie Berens |
Tel: 00 44 20 7861 3112 |
Background on Fortune Oil
Fortune Oil is a leading independent energy company engaged in the investment and operations of oil and natural gas supply projects in the PRC. Fortune Oil has acquired a unique portfolio of high quality oil and natural gas projects across the country and has formed a strong partnership with domestic and international market leaders. Fortune Oil recently started an expansion outside the PRC securing resource projects. Fortune Oil is listed on the Main Market of the London Stock Exchange with its operational headquarters in Hong Kong.
FTO.L (FTO)