Investor subscription update
August 26 2010 - 2:01AM
UK Regulatory
TIDMPAL
RNS Number : 6570R
Equatorial Palm Oil plc
26 August 2010
Equatorial Palm Oil plc / Index: AIM / Epic: PAL / Sector: Food Producers
26 August 2010
Equatorial Palm Oil plc ('EPO' or 'the Company')
Investor subscription update
Equatorial Palm Oil plc, the AIM listed Liberian focussed sustainable oil palm
plantation developer, announces that the due date for the first part of the
second tranche of subscription shares under the Investor Subscription Letter
(the 'ISL', as described in the Company's AIM Admission Document dated 26
February 2010) has been deferred for six months. The six month deferral,
effective from 26 August 2010, is for the subscription of 1,500,000 new Ordinary
Shares in EPO at a price of 17.5p per share. The consideration for deferral is
the cancellation of 2,014,285 warrants attached to the ISL.
* * ENDS * *
For further information please visit www.epoil.co.uk, or contact:
+--------------+---------------------------+-------------------+
| Michael | Equatorial Palm Oil plc | Tel: 020 7766 |
| Frayne | | 7555 |
+--------------+---------------------------+-------------------+
| Peter Krens | Mirabaud Securities LLP | Tel: 020 7484 |
| | | 3510 |
+--------------+---------------------------+-------------------+
| Pascal Keane | Shore Capital & Corporate | Tel: 020 7408 |
| | Limited | 4090 |
+--------------+---------------------------+-------------------+
| Edward | Shore Capital & Corporate | Tel: 020 7408 |
| Mansfield | Limited | 4090 |
+--------------+---------------------------+-------------------+
| Hugo de | St Brides Media & Finance | Tel: 020 7236 |
| Salis | Ltd | 1177 |
+--------------+---------------------------+-------------------+
| Elisabeth | St Brides Media & Finance | Tel: 020 7236 |
| Cowell | Ltd | 1177 |
+--------------+---------------------------+-------------------+
Notes to editors:
About Equatorial Palm Oil
EPO's objective is to become a producer of sustainable, low-cost CPO and to this
end it has extensive operations located near the coast in Liberia, West Africa.
The Company's operational strategy is expected to be implemented through three
core business activities: the rehabilitation of existing oil palm plantations;
the development of new plantations; and the development of out-grower small
holdings. The Company has secured Government ratified Investment Agreements in
Liberia for the investment, rehabilitation and participation by the Group over a
sizeable acreage of existing oil palm plantations. EPO's operations have
already commenced at the Butaw Plantation and Palm Bay Plantation.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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