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Fortune Oil announces extension of Long Stop Date for proposed acquisition


Published Oct 3, 2013
Fortune Oil

On 7 August 2013 the Company announced, among other things, 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").

Completion of the Proposed Acquisition is subject to certain conditions, including the admission of the new Ordinary Shares to be issued in connection with the Proposed Acquisition and the Loan Settlement to the Standard Segment of the Official List and to trading on the London Stock Exchange's Main Market for listed securities (the "Admission Condition"), being satisfied by 30 September 2013 (or such later date as the Company and the other parties to the Proposed Acquisition may agree) (the "Long Stop Date").

Tags: Fortune Oil




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