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.
MPO Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held