Fortune Oil - Scheme of Arrangement

Fortune Oil - Scheme of Arrangement

Corporate action reference 201500124
 
A new corporate event has been announced on the above security for which you have a holding.
 
Please note we must be in receipt of your instruction by 24 February 2015.
 

EVENT TERMS:

Recommended acquisition by Fortune Dynasty Holdings limited, a Company owned by a member of the Vitol Group and First Level Holdings Limited, to be effected via a scheme of arrangement under part 26 of the Companies Act 2006 on the following terms: For each ordinary share of GBP0.01 in Fortune Oil - GBP0.10 in cash and one contingent value right to receive up to a further GBP0.05 in Cash or Loan Notes.
 
Shareholders who make no election will be deemed to have elected to receive the Cash Option.
 

EVENT OPTIONS:

Option 1 - Cash - Elect to receive 0.1 GBP & Contingent value right (Elect to receive further Cash) - DEFAULT
 
IF YOU WANT TO RECEIVE THE CASH OPTION, OPTION 1, PLEASE DO NOT REPLY.
 
Option 2 - Cash and Securities - Elect to receive 0.1 GBP & Contingent value right (Elect to receive Loan Notes)
 
 
Please quote corporate action reference: 201500124
 

ADDITIONAL INFORMATION

We will aim to update your account within five business days of receiving the proceeds.
 
Overseas residents should consult their professional advisers as to whether they require any governmental or other consents or need to observe any other formalities to enable them to participate in the offer.
 
By accepting the offer, you will be representing to us that local laws and regulatory requirements have been complied with, including the obtaining of any governmental, exchange control and other consents that may be required and the payment of any issue, transfer or other taxes or duties due in that jurisdiction.
 
Please note that this letter does not constitute investment or tax advice. If you are unsure of what option to take, or if you are in any doubt as to your tax position, please contact your financial advisor.
 
If you are an ISA or SIPP client your options may differ. Please refer to your letter.

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