Fortune Oil PLC Directors' shares vested in the EBT (7067T)
November 22 2013 - 2:43AM
UK Regulatory
TIDMFTO
RNS Number : 7067T
Fortune Oil PLC
22 November 2013
22 November 2013
FORTUNE OIL PLC
("Fortune Oil" or "the Company")
Directors' shares vested in the EBT
On 20 June 2013 certain awards under the Company's long term
incentive plan came to their third anniversary. On the third
anniversary the beneficiary of the award has the right to exercise
his or her option and receive delivery of the ordinary shares or
carry them forward in the Company's Employee Benefit Trust (EBT).
Tee Kiam Poon and Li Ching, two directors of the Company, were on
this date unable to exercise their option as the Company was in a
close period. The Company now being in an open period, they have
decided to exercise their options.
The following table details the individual ordinary share
interest movements as a result of these decisions made today.
Directors No. of shares Performance Period Decision
vested in EBT 2009/2012
Exercise period
TEE Kiam Poon 1,199,580 13 October 2012 Remove from the
-12 October 2019 EBT and certificate
in his name
--------------- ------------------- ---------------------
LI Ching 1,659,840 24 June 2012 Remove from the
- EBT and certificate
23 June 2019 in her name
--------------- ------------------- ---------------------
Performance Period
2010/2013
Exercise period
--------------- ------------------- ---------------------
TEE Kiam Poon 834,784 18 June 2013 Remove from the
- EBT and certificate
17 June 2020 in his name
--------------- ------------------- ---------------------
LI Ching 662,088 18 June 2013 Remove from the
- EBT and certificate
17 June 2020 in her name
--------------- ------------------- ---------------------
Resulting interests in Ordinary Shares
Following these decisions and taking into account the effects of
the decisions taken which will become effective when their names
are recorded on to the Company's share register each relevant
director now has the following interest in Ordinary Shares in the
Company:
Number Percentageof Number Percentage Total Percentage
of ordinary issued of shares of issued number of issued
shares class vested class of unvested class
held in fully held shares held
the Company and held in EBT held in in EBT
in the the EBT
EBT including
additional
shares,
where
applicable
Directors
------------- ------------- --------------- ----------- ------------- -----------
TEE Kiam
Poon 2,034,364 0.07% 0 0 1,724,977 0.07%
------------- ------------- --------------- ----------- ------------- -----------
LI Ching 23,091,152 0.89% 0 0 2,183,585 0.84%
------------- ------------- --------------- ----------- ------------- -----------
Enquiries:
Fortune Oil PLC
Bill Mok, Chief Financial Officer Tel: 00 852 2583 3120 (Hong Kong)
Pelham Bell Pottinger
Archie Berens Tel: (+44/0) 7802 442486
This information is provided by RNS
The company news service from the London Stock Exchange
END
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