Repayment of Term Loan - Replacement (2287B)
April 12 2012 - 8:46AM
UK Regulatory
TIDMPAL
RNS Number : 2287B
Equatorial Palm Oil plc
12 April 2012
The original announcement referred to the US$10 million Term
Loan made on 5 October 2012. It should have stated that the Term
Loan was made on 5 October 2011. The correct announcement is set
out below.
12 April 2012
EQUATORIAL PALM OIL plc
("EPO" or the "Company")
Repayment of US$10 million Term Loan
Equatorial Palm Oil plc, (AIM: PAL), the AIM listed palm oil
development company with operations in Liberia, announces that,
further to the Company's announcement on 6 October 2011 and in
accordance with its original terms, the US$10 million loan ("the
Loan") made on 5 October 2011 by EPO's subsidiary, Liberian Palm
Developments Limited ("LPD"), to Geoff Palm Limited, has been
repaid in full. LPD has also received accrued interest of
USD$250,684.93 and the arrangement fee of USD$100,000.
Following the repayment of the Loan, accrued interest and
arrangement fee, no further liabilities or obligations exist
between the parties to the loan agreement.
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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