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Fortune Oil PLC Announces Completion Of Proposed Acquisition


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.