Re: Investor Subscription (8115U)
October 21 2010 - 11:35AM
UK Regulatory
TIDMPAL
RNS Number : 8115U
Equatorial Palm Oil plc
21 October 2010
Equatorial Palm Oil plc / Index: AIM / Epic: PAL / Sector: Food
Producers
21 October 2010
Equatorial Palm Oil plc ('EPO' or 'the Company')
Investor subscription update
Further to the announcement of 13 October 2010 Equatorial Palm
Oil plc, the AIM listed Liberian focussed sustainable oil palm
plantation developer, is pleased to announce that Andrew Milne has,
under the Investor Subscription Letter (the 'ISL', as described in
the Company's AIM Admission Document dated 26 February 2010), has
subscribed for an additional 300,000 new ordinary shares at a price
of 17.5p per new ordinary share.
The enlarged issued share capital of the Company following the
issue of the 300,000 new ordinary shares will be 117,051,670
ordinary shares. Application has been made for the new ordinary
shares to be admitted to trading on AIM and the new ordinary shares
are expected to commence trading on 28 October 2010.
* * ENDS * *
For further information please visit www.epoil.co.uk, or
contact:
Michael Frayne Equatorial Palm Oil plc Tel: 020 7766 7555
Peter Krens Mirabaud Securities LLP Tel: 020 7484 3510
Pascal Keane Shore Capital & Corporate Tel: 020 7408 4090
Limited
Edward Mansfield Shore Capital & Corporate Tel: 020 7408 4090
Limited
Hugo de Salis St Brides Media & Finance Tel: 020 7236 1177
Ltd
Elisabeth Cowell St Brides Media & Finance Tel: 020 7236 1177
Ltd
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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