Fortune Oil PLC Appointment of Acting CEO / Change of Year End (4073U)
December 02 2013 - 4:14AM
UK Regulatory
TIDMFTO
RNS Number : 4073U
Fortune Oil PLC
02 December 2013
2 December 2013
Fortune Oil PLC
("Fortune Oil" or the "Company")
Appointment of Acting Chief Executive and Executive Director
And
Change of Financial Year-end Date
Appointment of Acting Chief Executive and Executive Director
Fortune Oil (LSE: FTO.LN) is pleased to announce the appointment
of Dr Tian Jun as the Acting Chief Executive and Executive Director
of the Company with immediate effect from the date of this
announcement.
Dr Tian joined Fortune Oil as Deputy Chief Executive in April
1999 and has become the Group Chief Operating Officer sinceFebruary
2006. Over his years with the Company, Dr Tian has been heavily
involved in development, management and operation of the oil and
gas businesses. Dr Tian also played an important role in the
merging the gas operation with the one of China Gas Holdings
Limited (0384.HK).
A detailed description of Dr Tian's qualifications and
experience is set out at the end of this announcement.
This announcement is made pursuant to Listing Rule 9.6.11 of the
Listing Rules of the UK Listing Authority. Dr Tian has confirmed
the statement as required by Listing Rule 9.6.13 of the Listing
Rules of the UK Listing Authority.
Except for the following, there are no matters requiring
disclosure in respect of Dr Tian's appointment under Listing Rule
9.6.13 of the Listing Rules of the UK Listing Authority. Dr Tian
was appointed as Executive Director of the Company on 25 June 2008
and retired from the Board on 15 June 2010.
Change of Financial Year-end Date
Fortune Oil announces the change of its financial year-end date
from 31 December to 31 March starting from the financial year of
2014.
The change of the Company's financial year end is to align the
Company's financial year end with China Gas Holdings Limited
(0384.HK) to facilitate the efficiency on preparation of the
Company's consolidated financial statements and accounts.
Following the change of the financial year-end date, the Company
will announce and publish its unaudited interim results for the
period to 31 December 2013 by the end of February 2014 and its
audited annual results for the fifteen months from 1 January 2013
to 31 March 2014 by the end of July 2014.
For further information please contact:
Fortune Oil PLC
Tian Jun - Acting Chief Executive Tel: (+852) 2583 3135
Bill Mok - Chief Financial Officer Tel: (+852) 2583 3120
Pelham Bell Pottinger
Archie Berens Tel: (+44/0) 7802 442486
Background on Dr TIAN Jun
Dr. Tian graduated, with a degree in Economics, from Peking
University in 1982, and after which worked in China's State Price
Bureau and State Planning Commission for six years. He holds a PHD
degree in Economics from the University of London, and published
over 50 papers on business management and industrial policies in
China. Prior to joining Fortune Oil he had been living in London
for 11 years, worked as Academic Visitor at the London School of
Economics, the President of Chinese Economic Association in the UK,
and an Investment Banker at the City of London..
This information is provided by RNS
The company news service from the London Stock Exchange
END
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