Result of Warrant Buyback by the Company (9061T)

TIDMPAL

RNS Number : 9061T

Equatorial Palm Oil plc

13 December 2011

EQUATORIAL PALM OIL plc

("EPO" or the "Company")

Result of Warrant Buyback by the Company

Equatorial Palm Oil plc, (AIM: PAL), the AIM listed palm oil development company with operations in Liberia, announces that pursuant to the offer made to purchase warrants from existing warrant holders (the "Offer"), which was announced on 11 November 2011, it has received acceptances for the purchase of 3,955,012 warrants (the "Purchased Warrants"). Each warrant was purchased at a price of 0.5p per warrant, with the total cost of the purchase, including stamp duty, being GBP19,885.06.

In accordance with the terms of the Offer the Purchased Warrants will be cancelled and in due course the Company intends to issue an equal number of new warrants, containing equivalent terms and exercise period, to a number of directors and shareholders of the Company, as outlined in the announcement on 11 November 2011 (the "New Warrants"). A further announcement will shortly be made by the Company at the point in time at which the New Warrants are issued.

As stated in the terms of the Offer, and as of 12 December 2011, the Offer is now closed. The remaining warrants will continue to be exercisable on the existing terms until 26(th) February 2012.

For further information, please contact:

 
 Equatorial Palm Oil plc 
  Michael Frayne (Chairman)                    +44 (0) 20 7766 
  www.epoil.co.uk                              7555 
 Strand Hanson Limited (Nominated Adviser)    +44 (0) 20 7409 
  James Harris / Paul Cocker                   3494 
 
 
 Mirabaud Securities LLP (Broker)               +44 (0) 20 7484 
  Peter Krens                                    3510 
 Pelham Bell Pottinger (Financial/ Corporate 
  PR)                                           +44 (0) 20 7861 
  Archie Berens / Philippe Polman                3126

This information is provided by RNS

The company news service from the London Stock Exchange

END

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