Tuesday, January 19, 2016 01.30PM/NSE
Our Letter dated July 07, 2015 on the above subject matter refers.
Forte Oil Plc wishes to update the Exchange on issuance of the Bonus Issue.We have been working with the SEC on resolving the outstanding issues raised in our application for approval and have assured the SEC that it will be resolved before the end of the first quarter 2016.
To this effect, the SEC has given the Company a deadline of the end of the first quarter 2016 to apply the Bonus Issue. The Company would like to assure its shareholders that the Bonus issue will be applied in March2016 and apologise for the delay in applying same.
We thank you for your usual co-operation.