MPO 0.00% 14.0¢ molopo energy limited

3 more fto announcements over night

  1. 993 Posts.
    Probably not directly affecting MPO but at least it shows that management of FTO have confidence in the direction that they are moving to so i guess this is good news of some sort.


    FORTUNE OIL PLC

    ("Fortune Oil" or the "Company")


    1. (DIRECTOR/PDMR SHAREHOLDING)

    Fortune Oil announces that it has been notified today, in accordance with DTR
    3.1.4R(1)(a) and (b) of the Disclosure Rules and Transparency Rules, that Mr
    Trevor Bedford, the Senior Independent Director of the Company, on 20 June 2007
    purchased 154,000 ordinary shares of 1 pence each at a price of 6.375 pence per
    share representing 0.0083% of the issued share capital of Fortune Oil. These
    shares are held in the name of Rock Nominees Limited.


    Mr Bedford now has an interest in a total of 2,006,958 ordinary shares,
    representing 0.11% of the issued share capital of the Company.


    The above interest is beneficial interests of the respective person or their
    connected persons.



    2. (Fortune Oil says director Trevor Bedford lifts stake in co to 0.11 pct)

    LONDON (Thomson Financial) - Fortune Oil PLC said senior independent
    director Trevor Bedford purchased 154,000 shares in the company at 6.375 pence
    each, lifting his stake to 2.0 mln shares, or about 0.11 pct of the issued share
    capital. The shares are held in the name of Rock Nominees Ltd, the company said.


    3. FORTUNE OIL PLC ("Fortune Oil"or the "Company")

    Awards under Long Term Incentive Plan (LTIP) to Directors and PDMRs

    The Board of Fortune Oil is pleased to announce that under the Company's LTIP
    the following Directors and the Persons Discharging Managerial Responsibility
    (PDMRs) have today been awarded the conditional right to receive the following
    numbers of ordinary shares of 1p each ("Ordinary Shares") in the capital of the
    Company.

    The right to receive these shares is conditional inter alia upon the individual
    remaining an employee of the Group for a period of at least two years from the
    date of this award.

    The LTIP awards require no payment by the individual recipients.

    Awards were made based upon the notional bonus awarded in June 2006 and a price
    of 6.4 pence per ordinary shares, which was the market price at close of
    business on 20 June 2007.
 
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