Key Developments: Fortune Oil PLC (FOOI.L)

FOOI.L on London Stock Exchange

9.52GBp
29 Aug 2014
Price Change (% chg)

-0.27p (-2.82%)
Prev Close
9.58p
Open
9.50p
Day's High
9.51p
Day's Low
9.31p
Volume
799,225
Avg. Vol
1,197,843
52-wk High
14.50p
52-wk Low
6.63p

Search Stocks

Latest Key Developments (Source: Significant Developments)

Fortune Oil PLC appoints Acting Chief Executive; changes fiscal year-end date
Monday, 2 Dec 2013 04:14am EST 

Fortune Oil PLC:Says it has appointed Tian Jun as the Acting Chief Executive and Executive Director of the company with immediate effect.Says Fortune Oil changed its financial year-end date from Dec. 31 to Mar. 31 starting from the fiscal year of 2014.  Full Article

Fortune Oil PLC Announces Resignation Of Chief Executive Officer
Wednesday, 13 Nov 2013 04:58am EST 

Fortune Oil PLC announced that Mr. Tee Kiam Poon (Mr. Tee) has resigned as an Executive Director of the Company to be effective from December 31, 2013and he will cease to hold the office of the Chief Executive (CEO) of the Company with effect from January 1, 2014. The Board is considering the structure of the management of the Company following the completion of the China Gas transaction and will announce the new CEO appointment as soon as it has been decided.  Full Article

Fortune Oil PLC Announces Holding Interest Of Vitol Energy (Bermuda) Ltd
Wednesday, 9 Oct 2013 02:00am EDT 

Fortune Oil plc announced that Vitol Energy (Bermuda) Ltd holds an interest in 147,108,505 ordinary shares, representing 5.69% of the issued share capital of the Company.  Full Article

Fortune Oil PLC Announces Holding Interest Of JTC Trustees Limited
Wednesday, 9 Oct 2013 02:00am EDT 

Fortune Oil PLC announced that JTC Trustees Limited holds 83,794,274 shares, which represents 3.24% voting power of the Company.  Full Article

Fortune Oil PLC Announces Holding Interest Of Fortune Dynasty Holdings Limited
Wednesday, 9 Oct 2013 02:00am EDT 

Fortune Oil PLC announced that Fortune Dynasty Holdings Limited holds 599,639,580 shares, represents 23.18% of voting power in the Company.  Full Article

Fortune Oil PLC Announces Completion of Proposed Acquisition And Details Of Special Dividend
Thursday, 3 Oct 2013 03:00am EDT 

Fortune Oil PLC announced that it had entered into a conditional contract with First Marvel Investment Limited to acquire Wilmar International Limited's interest in the consideration receivable as a result of the conditional disposal of Fortune Gas Investment Holdings Limited (the Proposed Acquisition). On October 1, 2013 the Company announced that it anticipated that completion of the Proposed Acquisition would occur on October 3, 2013. Accordingly, an aggregate of 599,639,580 new ordinary shares of GBP0.01 each (comprising the 500,266,580 ordinary share issued in connection with the Proposed Acquisition and the 99,373,000 ordinary shares issued in connection with the Loan Settlement, together the New Ordinary Shares) have been allotted and issued to Fortune Dynasty Holdings Limited and admitted to the Standard Listed segment of the Official List and to trading on the London Stock Exchange's Main Market for Listed Securities. Fortune Oil also announced the key dates for the special interim dividend of GBP0.0236 per ordinary share (the Dividend), which was approved by shareholders at the general meeting of the Company held on September 25, 2013.  Full Article

Fortune Oil PLC Does Not Recommende Dividend
Wednesday, 21 Aug 2013 02:00am EDT 

Fortune Oil PLC announced that no dividend has been declared/recommended for the half year ended June 30, 2013.  Full Article

Fortune Oil PLC Announces Acquisition Of First Marvel
Wednesday, 7 Aug 2013 07:16am EDT 

Fortune Oil PLC announced that the acquisition of Wilmar International Limited's interest in the consideration receivable as a result of the conditional disposal of Fortune Gas Investment Holdings Limited. The total consideration is USD60 million payable to Fortune Dynasty Holdings Limited, a member of the Concert Party (described below), in Ordinary Shares in Fortune Oil (the Proposed Acquisition). The consideration payable by the Company for First Marvel will be satisfied by the issue to FDH of 500,266,580 new ordinary shares of 1 penny each in the share capital of the Company ("Ordinary Shares") at an issue price of 7.81 pence per Ordinary Share. The SPA is conditional upon, among other things, the passing of the Rule 9 Waiver resolution (as described below).  Full Article

Fortune Oil PLC Announces Extension Of Final Date For Mofcom Consent
Thursday, 27 Jun 2013 08:35am EDT 

Fortune Oil PLC announced that on Dec 17, 2012 the Company announced that it and Wilmar International Limited, the 15% shareholder of Fortune Gas Investment Holdings Ltd (FGIH), had entered into a conditional contract to sell their entire interest in FGIH to China Gas Holdings Ltd. Completion of the transaction was subject to certain conditions, including regulatory approval from MOFCOM (the anti-monopoly bureau of the Ministry of Commerce of the PRC), being satisfied by June 30, 2013 (or such later date as agreed in writing) (the Long Stop Date). Given additional time is required for the fulfilment of the MOFCOM regulatory approval condition, the Company, Wilmar International Ltdand China Gas Holdings Ltd have entered into a supplementary agreement in order to extend the Long Stop Date to Sep 30, 2013.  Full Article

Fortune Oil PLC Recommends Dividend
Thursday, 25 Apr 2013 02:00am EDT 

Fortune Oil PLC announced that the Board recommends the payment of a dividend to shareholders for 2012, of 0.16pence per share (2011: 0.18p per share). The dividend will be payable on 15 August 2013 to shareholders on the register as at 12 July 2013.  Full Article

Search Stocks