Issue of Equity (6832Z)
January 18 2011 - 10:30AM
UK Regulatory
TIDMPAL
RNS Number : 6832Z
Equatorial Palm Oil plc
18 January 2011
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, 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 2,020,000 new
ordinary shares.
The enlarged issued share capital of the Company following the
issue of the 2,020,000 new ordinary shares will be 120,405,099
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 24 January 2011.
* * ENDS * *
For further information please visit www.epoil.co.uk, or
contact:
Equatorial Palm Oil plc
Company
Michael Frayne, Chairman +44 (0) 20 7766 7555
Shore Capital & Corporate
Ltd.
NOMAD and Joint Broker
Pascal Keane
Edward Mansfield +44 (0) 20 7408 4090
Mirabaud Securities LLP
Broker
Peter Krens +44 (0) 20 7484 3510
Pelham Bell Pottinger
Financial / Corporate PR
Charles Vivian +44 (0) 20 7861 3126
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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