Equatorial Palm Oil plc Holdings in Company (8463R)

TIDMPAL TIDMPRAE

RNS Number : 8463R

Equatorial Palm Oil plc

22 November 2012

EQUATORIAL PALM OIL PLC

("EPO" or the "Company")

Holdings in Company

EPO plc (AIM: PAL), the AIM listed palm oil development company with operations in Liberia, announces that it has today received notification from Praetorian Resources Limited ("Praetorian") that it purchased 2,120,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") between 25 September 2012 and 16 November 2012.

On 9 July 2012, the Company announced that a share exchange agreement had been entered into between certain shareholders in the Company and Praetorian. EPO has also been notified today by Praetorian that 850,000 Ordinary Shares due to be transferred to it under such agreement were not in fact transferred.

Accordingly, Praetorian is now interested, in aggregate, in 11,402,950 Ordinary Shares, representing approximately 8.89 per cent. of the Company's issued share capital.

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 / David Altberg / James Bellman     3494 
 
 
 Mirabaud Securities LLP (Broker)               +44 (0) 20 7484 
  Peter Krens                                    3510 
 Pelham Bell Pottinger (Financial/ Corporate 
  PR)                                           +44 (0) 20 7861 
  Archie Berens / Joanna Boon                    3126

This information is provided by RNS

The company news service from the London Stock Exchange

END

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